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- July 22, 2011
Baltic Dry Index ( BDI ) - 1278 Down 18
Baltic Cape Index ( BCI ) - 1767 Down 33
Baltic Panamax Index ( BPI ) - 1524 Down 8
Supramax Index ( BSI ) - 1262Down 3
Below these are the Top Shipping Stocks Performance of the day Stocks July 28, 2011.
Ticker Company Change
GNK Genco Shipping & Trading Ltd. 8.27%
FRO Frontline Ltd. 3.78%
GMR General Maritime Corp. 3.64%
KEX Kirby Corporation 3.08%
GLBS Globus Maritime Ltd. 2.99%
TBSI TBS International Plc 2.61%
EGLE Eagle Bulk Shipping, Inc. 2.15%
EXM Excel Maritime Carriers, Ltd. 2.02%
ULTR Ultrapetrol (Bahamas) Ltd. 1.97%
SB Safe Bulkers, Inc. 1.81%
GLNG Golar LNG Ltd. 1.61%
BALT Baltic Trading Limited 1.27%
GMLP Golar LNG Partners LP 1.06%
ISH International Shipholding Corp. 0.95%
DRYS DryShips, Inc. 0.80%
TGP Teekay LNG Partners LP. 0.69%
SFL Ship Finance International Limited 0.69%
OSG Overseas Shipholding Group Inc. 0.66%
CRU Crude Carriers Corp. 0.61%
DHT DHT Holdings, Inc. 0.56%
HOS Hornbeck Offshore Services, Inc. 0.50%
ESEA Euroseas, Ltd. 0.49%
ALEX Alexander & Baldwin, Inc. 0.44%
DSX Diana Shipping Inc. 0.41%
TRMD TORM A/S 0.28%
TK Teekay Corporation 0.07%
OCNFD OceanFreight, Inc. 0.06%
TDW Tidewater Inc. 0.06%
TNK Teekay Tankers Ltd. 0.00%
TOPSD TOP Ships Inc. 0.00%
PRGN Paragon Shipping Inc. 0.00%
SHIPD Seanergy Maritime Holdings Corp 0.00%
ONAV Omega Navigation Enterprises, Inc. 0.00%
VLCCF Knightsbridge Tankers Limited -0.10%
CKH Seacor Holdings Inc. -0.20%
NMM Navios Maritime Partners L.P. -0.36%
CPLP Capital Product Partners L.P. -0.50%
DCIX Diana Containerships Inc. -0.75%
SSW Seaspan Corp. -0.78%
TOO Teekay Offshore Partners LP -1.01%
GSL Global Ship Lease, Inc. -1.01%
SBLK Star Bulk Carriers Corp. -1.34%
NAT Nordic American Tanker Shipping Ltd. -1.62%
TNP Tsakos Energy Navigation Ltd. -1.63%
STNG Scorpio Tankers Inc. -1.84%
CMRE Costamare Inc. -1.85%
HRZ Horizon Lines, Inc. -2.68%
TEU Box Ships Inc. Common Shares -2.85%
TMM Grupo TMM S.A.B. -3.16%
NM Navios Maritime Holdings Inc. -3.35%
RLOG Rand Logistics, Inc. -3.47%
BHO B+H Ocean Carriers Ltd. -3.99%
GASS StealthGas, Inc. -4.13%
FREE FreeSeas Inc. -4.40%
DAC Danaos Corporation -4.57%
TRBR Trailer Bridge Inc. -6.43%
NEWL NewLead Holdings Ltd. -10.53%
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