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- August 23, 2011
Baltic Dry Index ( BDI ) - 1565 Up 50
Baltic Cape Index ( BCI ) - 2446 Up 122
Baltic Panamax Index ( BPI ) - 1644 Up 17
Supramax Index ( BSI ) - 1369 Up 16
Below these are the Top Shipping Stocks Performance of the day Stocks August 23, 2011.
Ticker Company Change
FREE FreeSeas Inc. 9.52%
BALT Baltic Trading Limited 8.74%
NM Navios Maritime Holdings Inc. 7.74%
STNG Scorpio Tankers Inc. 7.58%
VLCCF Knightsbridge Tankers Limited 7.31%
EXM Excel Maritime Carriers, Ltd. 7.14%
DSX Diana Shipping Inc. 6.57%
OSG Overseas Shipholding Group Inc. 5.82%
CKH Seacor Holdings Inc. 5.28%
GSL Global Ship Lease, Inc. 5.24%
GLNG Golar LNG Ltd. 5.10%
GNK Genco Shipping & Trading Ltd. 5.03%
EGLE Eagle Bulk Shipping, Inc. 4.86%
KEX Kirby Corporation 4.03%
SFL Ship Finance International Limited 3.97%
NAT Nordic American Tanker Shipping Ltd. 3.44%
ALEX Alexander & Baldwin, Inc. 3.29%
ISH International Shipholding Corp. 3.19%
TDW Tidewater Inc. 3.18%
TK Teekay Corporation 2.67%
NMM Navios Maritime Partners L.P. 2.54%
RLOG Rand Logistics, Inc. 2.51%
PRGN Paragon Shipping Inc. 2.38%
TBSI TBS International Plc 2.27%
TGP Teekay LNG Partners LP. 2.06%
GASS StealthGas, Inc. 2.00%
SB Safe Bulkers, Inc. 1.64%
DCIX Diana Containerships Inc. 1.59%
SBLK Star Bulk Carriers Corp. 1.40%
SSW Seaspan Corp. 1.39%
FRO Frontline Ltd. 1.34%
OCNF OceanFreight, Inc. 1.28%
ULTR Ultrapetrol (Bahamas) Ltd. 0.93%
TEU Box Ships Inc. Common Shares 0.78%
TOO Teekay Offshore Partners LP 0.74%
GMLP Golar LNG Partners LP 0.68%
BHO B+H Ocean Carriers Ltd. 0.45%
DHT DHT Holdings, Inc. 0.37%
CRU Crude Carriers Corp. 0.37%
TNP Tsakos Energy Navigation Ltd. 0.32%
DAC Danaos Corporation -0.54%
ESEA Euroseas, Ltd. -0.82%
CMRE Costamare Inc. -0.88%
NEWL NewLead Holdings Ltd. -1.37%
DRYS DryShips, Inc. -1.53%
SHIP Seanergy Maritime Holdings Corp. -1.59%
TNK Teekay Tankers Ltd. -1.97%
TRMD TORM A/S -3.30%
CPLP Capital Product Partners L.P. -3.91%
TMM Grupo TMM S.A.B. -4.50%
GLBS Globus Maritime Ltd. -4.52%
HRZ Horizon Lines, Inc. -5.48%
TOPS Top Ships Inc. -6.70%
TRBR Trailer Bridge Inc. -8.65%
GMR General Maritime Corp. -11.76%
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