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 10, 2011
Baltic Dry Index ( BDI ) - 1418 Down 10
Baltic Cape Index ( BCI ) - 1735 Down 32
Baltic Panamax Index ( BPI ) - 1927 Up 24
Supramax Index ( BSI ) - 1348 Down 7
Below these are the Top Shipping Stocks Performance of the Week ended June 12, 2011.
Ticker Company Change
GLBS Globus Maritime Ltd. 10.44%
TOO Teekay Offshore Partners LP 4.26%
OSG Overseas Shipholding Group Inc. 3.06%
TRBR Trailer Bridge Inc. 3.02%
VLCCF Knightsbridge Tankers Limited 0.89%
GMLP Golar LNG Partners LP 0.26%
TGP Teekay LNG Partners LP. -0.20%
EXM Excel Maritime Carriers, Ltd. -0.31%
KSP K-SEA Transportation Partners LP -0.49%
ULTR Ultrapetrol (Bahamas) Ltd. -0.80%
FREE FreeSeas Inc. -0.88%
CKH Seacor Holdings Inc. -1.97%
HOS Hornbeck Offshore Services, Inc. -2.55%
TNP Tsakos Energy Navigation Ltd. -2.92%
TK Teekay Corporation -3.28%
ALEX Alexander & Baldwin, Inc. -3.30%
NEWL NewLead Holdings Ltd. -3.33%
HRZ Horizon Lines, Inc. -3.39%
DSX Diana Shipping Inc. -3.52%
NM Navios Maritime Holdings Inc. -3.54%
RLOG Rand Logistics, Inc. -3.75%
CMRE Costamare Inc. -3.86%
BALT Baltic Trading Limited -4.13%
TDW Tidewater Inc. -4.15%
NAT Nordic American Tanker Shipping Ltd. -4.26%
GLNG Golar LNG Ltd. -4.46%
FRO Frontline Ltd. -5.09%
KEX Kirby Corporation -5.23%
SBLK Star Bulk Carriers Corp. -5.48%
NMM Navios Maritime Partners L.P. -5.67%
ESEA Euroseas, Ltd. -6.44%
STNG Scorpio Tankers Inc. -6.49%
GSL Global Ship Lease, Inc. -6.50%
CPLP Capital Product Partners L.P. -6.91%
SB Safe Bulkers, Inc. -7.14%
ISH International Shipholding Corp. -7.29%
CRU Crude Carriers Corp. -7.46%
TNK Teekay Tankers Ltd. -8.03%
BHO B+H Ocean Carriers Ltd. -8.10%
DHT DHT Holdings, Inc. -8.23%
SFL Ship Finance International Limited -8.23%
GASS StealthGas, Inc. -8.37%
EGLE Eagle Bulk Shipping, Inc. -8.63%
TEU BOX SHIPS INC. -8.94%
DRYS DryShips, Inc. -9.40%
TRMD TORM A/S -9.51%
OCNF OceanFreight, Inc. -10.41%
GMR General Maritime Corp. -10.98%
GNK Genco Shipping & Trading Ltd. -11.14%
SSW Seaspan Corp. -12.72%
TMM Grupo TMM S.A.B. -12.82%
PRGN Paragon Shipping Inc. -14.71%
DAC Danaos Corporation -18.80%
TOPS Top Ships Inc. -19.32%
ONAV Omega Navigation Enterprises, Inc. -22.37%
TBSI TBS International Plc -22.69%
DCIX Diana Containerships Inc. -22.79%
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