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 ) - 1323 Down 2
Baltic Cape Index ( BCI ) - 1841 Down 10
Baltic Panamax Index ( BPI ) - 1535 Up 1
Supramax Index ( BSI ) - 1271 Up 1
Below these are the Top Shipping Stocks Performance of the Week ended July 24, 2011.
Ticker Company Change
ONAV Omega Navigation Enterprises, Inc. 82.35%
BHO B+H Ocean Carriers Ltd. 44.72%
SHIPD Seanergy Maritime Holdings Corp 43.60%
OCNFD OceanFreight, Inc. 28.13%
TRBR Trailer Bridge Inc. 13.60%
GASS StealthGas, Inc. 11.54%
TMM Grupo TMM S.A.B. 9.55%
EGLE Eagle Bulk Shipping, Inc. 7.79%
CMRE Costamare Inc. 6.57%
BALT Baltic Trading Limited 5.07%
TEU Box Ships Inc. Common Shares 4.67%
DHT DHT Holdings, Inc. 4.30%
RLOG Rand Logistics, Inc. 4.17%
CKH Seacor Holdings Inc. 3.68%
FREE FreeSeas Inc. 3.41%
GLNG Golar LNG Ltd. 2.88%
GLBS Globus Maritime Ltd. 2.87%
HOS Hornbeck Offshore Services, Inc. 2.38%
ESEA Euroseas, Ltd. 2.33%
ISH International Shipholding Corp. 2.04%
TRMD TORM A/S 1.93%
HRZ Horizon Lines, Inc. 1.77%
TDW Tidewater Inc. 1.77%
ALEX Alexander & Baldwin, Inc. 1.37%
TGP Teekay LNG Partners LP. 1.25%
TOPSD TOP Ships Inc. 1.24%
KEX Kirby Corporation 0.91%
NAT Nordic American Tanker Shipping Ltd. 0.86%
GMLP Golar LNG Partners LP 0.57%
TNP Tsakos Energy Navigation Ltd. 0.53%
FRO Frontline Ltd. 0.17%
VLCCF Knightsbridge Tankers Limited -0.58%
TOO Teekay Offshore Partners LP -0.80%
DCIX Diana Containerships Inc. -1.43%
SFL Ship Finance International Limited -1.46%
GMR General Maritime Corp. -1.64%
SSW Seaspan Corp. -1.76%
TNK Teekay Tankers Ltd. -2.13%
PRGN Paragon Shipping Inc. -2.14%
TK Teekay Corporation -2.43%
DRYS DryShips, Inc. -2.72%
CPLP Capital Product Partners L.P. -2.82%
NM Navios Maritime Holdings Inc. -3.20%
OSG Overseas Shipholding Group Inc. -3.58%
STNG Scorpio Tankers Inc. -4.94%
CRU Crude Carriers Corp. -5.12%
NEWL NewLead Holdings Ltd. -5.94%
ULTR Ultrapetrol (Bahamas) Ltd. -6.31%
DSX Diana Shipping Inc. -6.32%
SB Safe Bulkers, Inc. -6.73%
GNK Genco Shipping & Trading Ltd. -6.97%
NMM Navios Maritime Partners L.P. -7.00%
EXM Excel Maritime Carriers, Ltd. -7.14%
TBSI TBS International Plc -7.59%
DAC Danaos Corporation -12.30%
GSL Global Ship Lease, Inc. -15.20%
SBLK Star Bulk Carriers Corp. -18.23%
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