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 24, 2011
Baltic Dry Index ( BDI ) - 1424 Up 0
Baltic Cape Index ( BCI ) - 1974 Up 69
Baltic Panamax Index ( BPI ) - 1764 Down 32
Supramax Index ( BSI ) - 1322 Up 1
Below these are the Top Shipping Stocks Performance of the Week ended June 26, 2011.
Ticker Company Change
NEWL NewLead Holdings Ltd. 16.47%
ULTR Ultrapetrol (Bahamas) Ltd. 8.07%
GNK Genco Shipping & Trading Ltd. 7.55%
GMLP Golar LNG Partners LP 7.22%
ONAV Omega Navigation Enterprises, Inc. 6.52%
CRU Crude Carriers Corp. 6.51%
BHO B+H Ocean Carriers Ltd. 6.13%
CPLP Capital Product Partners L.P. 5.49%
SB Safe Bulkers, Inc. 5.08%
SBLK Star Bulk Carriers Corp. 5.03%
TOO Teekay Offshore Partners LP 4.73%
TGP Teekay LNG Partners LP. 4.64%
DCIX Diana Containerships Inc. 4.14%
GLNG Golar LNG Ltd. 4.07%
STNG Scorpio Tankers Inc. 4.03%
GSL Global Ship Lease, Inc. 3.95%
DHT DHT Holdings, Inc. 3.79%
RLOG Rand Logistics, Inc. 3.62%
NM Navios Maritime Holdings Inc. 3.23%
PRGN Paragon Shipping Inc. 2.62%
ALEX Alexander & Baldwin, Inc. 2.38%
NMM Navios Maritime Partners L.P. 2.33%
DAC Danaos Corporation 2.31%
HRZ Horizon Lines, Inc. 1.85%
TNK Teekay Tankers Ltd. 1.54%
SSW Seaspan Corp. 1.28%
CMRE Costamare Inc. 1.23%
ESEA Euroseas, Ltd. 0.93%
TEU Box Ships Inc. Common Shares 0.63%
KEX Kirby Corporation 0.54%
DRYS DryShips, Inc. 0.51%
GASS StealthGas, Inc. 0.48%
KSP K-SEA Transportation Partners LP 0.12%
DSX Diana Shipping Inc. 0.00%
BALT Baltic Trading Limited -0.17%
ISH International Shipholding Corp. -0.19%
HOS Hornbeck Offshore Services, Inc. -0.28%
OCNF OceanFreight, Inc. -0.31%
TDW Tidewater Inc. -0.39%
TRMD TORM A/S -0.42%
EGLE Eagle Bulk Shipping, Inc. -0.43%
SFL Ship Finance International Limited -0.46%
TNP Tsakos Energy Navigation Ltd. -0.90%
CKH Seacor Holdings Inc. -1.06%
VLCCF Knightsbridge Tankers Limited -1.40%
EXM Excel Maritime Carriers, Ltd. -2.60%
NAT Nordic American Tanker Shipping Ltd. -2.65%
GMR General Maritime Corp. -3.45%
TK Teekay Corporation -4.74%
FRO Frontline Ltd. -5.82%
OSG Overseas Shipholding Group Inc. -6.29%
TRBR Trailer Bridge Inc. -6.33%
TMM Grupo TMM S.A.B. -7.51%
TBSI TBS International Plc -8.77%
TOPS Top Ships Inc. -10.00%
FREE FreeSeas Inc. -11.00%
GLBS Globus Maritime Ltd. -16.21%
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