The BDI data is critical for all the DryBulk Shipping stocks. The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes.The BDI is one of the purest leading indicators of economic activity. It measures the demand to move raw materials and precursors to production, as well as the supply of ships available to move this cargo. Consumer spending and other economic indicators are backward looking, meaning they examine what has already occurred. The BDI offers a real time glimpse at global raw material and infrastructure demand. Unlike stock and commodities markets, the Baltic Dry Index is totally devoid of speculative players.
Dry Bulk Shipping Rates- June 08, 2011
Baltic Dry Index ( BDI ) - 1434 Down 22
Baltic Cape Index ( BCI ) - 1801 Down 59
Baltic Panamax Index ( BPI ) - 1858 Up 46
Supramax Index ( BSI ) - 1369 Down 28
Below these are the Top Shipping Stocks Performance of the day Stocks June 08, 2011.
Ticker Company Change
TOPS Top Ships Inc. 3.51%
BALT Baltic Trading Limited 2.12%
HOS Hornbeck Offshore Services, Inc. 2.11%
NEWL NewLead Holdings Ltd. 0.50%
GASS StealthGas, Inc. 0.34%
KSP K-SEA Transportation Partners LP 0.12%
RLOG Rand Logistics, Inc. -0.14%
GMLP Golar LNG Partners LP -0.30%
TOO Teekay Offshore Partners LP -0.42%
FREE FreeSeas Inc. -0.45%
CMRE Costamare Inc. -0.53%
ESEA Euroseas, Ltd. -0.70%
TGP Teekay LNG Partners LP. -0.83%
TDW Tidewater Inc. -0.94%
ALEX Alexander & Baldwin, Inc. -1.07%
TRMD TORM A/S -1.19%
CKH Seacor Holdings Inc. -1.58%
ISH International Shipholding Corp. -1.61%
KEX Kirby Corporation -1.64%
TNP Tsakos Energy Navigation Ltd. -1.96%
TK Teekay Corporation -2.02%
ULTR Ultrapetrol (Bahamas) Ltd. -2.15%
DSX Diana Shipping Inc. -2.27%
GLBS Globus Maritime Ltd. -2.32%
NAT Nordic American Tanker Shipping Ltd. -2.58%
DRYS DryShips, Inc. -2.59%
STNG Scorpio Tankers Inc. -2.61%
SBLK Star Bulk Carriers Corp. -2.88%
BHO B+H Ocean Carriers Ltd. -2.99%
SB Safe Bulkers, Inc. -3.01%
NMM Navios Maritime Partners L.P. -3.06%
TRBR Trailer Bridge Inc. -3.19%
OCNF OceanFreight, Inc. -3.30%
NM Navios Maritime Holdings Inc. -3.39%
DAC Danaos Corporation -3.48%
GMR General Maritime Corp. -3.53%
TEU BOX SHIPS INC. -3.72%
CPLP Capital Product Partners L.P. -3.83%
EGLE Eagle Bulk Shipping, Inc. -4.20%
DCIX Diana Containerships Inc. -4.44%
HRZ Horizon Lines, Inc. -4.50%
CRU Crude Carriers Corp. -4.51%
SFL Ship Finance International Limited -4.82%
DHT DHT Holdings, Inc. -4.84%
SSW Seaspan Corp. -5.13%
GSL Global Ship Lease, Inc. -5.19%
GLNG Golar LNG Ltd. -5.25%
EXM Excel Maritime Carriers, Ltd. -5.36%
VLCCF Knightsbridge Tankers Limited -5.75%
OSG Overseas Shipholding Group Inc. -5.76%
GNK Genco Shipping & Trading Ltd. -5.98%
TMM Grupo TMM S.A.B. -6.38%
TNK Teekay Tankers Ltd. -7.12%
FRO Frontline Ltd. -7.43%
PRGN Paragon Shipping Inc. -8.18%
TBSI TBS International Plc -12.25%
ONAV Omega Navigation Enterprises, Inc. -18.18%
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