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 17, 2011
Baltic Dry Index ( BDI ) - 1423 Down 1
Baltic Cape Index ( BCI ) - 1824 Up 28
Baltic Panamax Index ( BPI ) - 1314 Down 38
Supramax Index ( BSI ) - 1319 Down 2
Below these are the Top Shipping Stocks Performance of the Week ended June 17, 2011.
Ticker Company Change
TBSI TBS International Plc 23.91%
OSG Overseas Shipholding Group Inc. 8.75%
VLCCF Knightsbridge Tankers Limited 8.32%
GNK Genco Shipping & Trading Ltd. 7.34%
KEX Kirby Corporation 7.11%
TNK Teekay Tankers Ltd. 7.08%
DRYS DryShips, Inc. 4.79%
GLBS Globus Maritime Ltd. 4.60%
ISH International Shipholding Corp. 3.64%
DHT DHT Holdings, Inc. 3.36%
NAT Nordic American Tanker Shipping Ltd. 2.68%
GSL Global Ship Lease, Inc. 2.51%
SSW Seaspan Corp. 2.13%
NM Navios Maritime Holdings Inc. 2.06%
SFL Ship Finance International Limited 2.01%
CPLP Capital Product Partners L.P. 1.49%
ALEX Alexander & Baldwin, Inc. 1.05%
DSX Diana Shipping Inc. 0.75%
STNG Scorpio Tankers Inc. 0.64%
NMM Navios Maritime Partners L.P. 0.63%
TNP Tsakos Energy Navigation Ltd. 0.30%
GLNG Golar LNG Ltd. 0.23%
KSP K-SEA Transportation Partners LP 0.12%
TK Teekay Corporation -0.09%
FRO Frontline Ltd. -0.13%
HOS Hornbeck Offshore Services, Inc. -0.28%
CRU Crude Carriers Corp. -0.33%
TDW Tidewater Inc. -0.39%
TMM Grupo TMM S.A.B. -0.54%
CKH Seacor Holdings Inc. -0.63%
SB Safe Bulkers, Inc. -0.84%
CMRE Costamare Inc. -0.97%
BALT Baltic Trading Limited -1.16%
TEU Box Ships Inc. Common Shares -1.25%
ESEA Euroseas, Ltd. -1.38%
TGP Teekay LNG Partners LP. -1.88%
ULTR Ultrapetrol (Bahamas) Ltd. -2.42%
GMLP Golar LNG Partners LP -3.27%
DAC Danaos Corporation -3.70%
EXM Excel Maritime Carriers, Ltd. -3.75%
SBLK Star Bulk Carriers Corp. -3.86%
RLOG Rand Logistics, Inc. -4.03%
GASS StealthGas, Inc. -4.57%
TOO Teekay Offshore Partners LP -4.81%
TRBR Trailer Bridge Inc. -4.88%
HRZ Horizon Lines, Inc. -5.26%
DCIX Diana Containerships Inc. -5.45%
GMR General Maritime Corp. -5.84%
PRGN Paragon Shipping Inc. -5.91%
OCNF OceanFreight, Inc. -8.06%
EGLE Eagle Bulk Shipping, Inc. -9.06%
FREE FreeSeas Inc. -10.71%
BHO B+H Ocean Carriers Ltd. -11.84%
TRMD TORM A/S -13.41%
NEWL NewLead Holdings Ltd. -16.26%
TOPS Top Ships Inc. -21.68%
ONAV Omega Navigation Enterprises, Inc. -22.03%
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