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 19, 2011
Baltic Dry Index ( BDI ) - 1462 Up 48
Baltic Cape Index ( BCI ) - 2220 Up 96
Baltic Panamax Index ( BPI ) - 1609 Up 12
Supramax Index ( BSI ) - 1338 Up 20
Below these are the Top Shipping Stocks Performance of the Week ended August 21, 2011.
Ticker Company Change
CRU Crude Carriers Corp. 23.03%
GNK Genco Shipping & Trading Ltd. 16.86%
TMM Grupo TMM S.A.B. 14.86%
OCNF OceanFreight, Inc. 13.79%
CPLP Capital Product Partners L.P. 6.06%
GLBS Globus Maritime Ltd. 5.60%
TOO Teekay Offshore Partners LP 3.26%
DRYS DryShips, Inc. 0.74%
CMRE Costamare Inc. 0.21%
DSX Diana Shipping Inc. -0.25%
TK Teekay Corporation -0.39%
SB Safe Bulkers, Inc. -0.56%
DCIX Diana Containerships Inc. -0.78%
SBLK Star Bulk Carriers Corp. -1.32%
STNG Scorpio Tankers Inc. -1.33%
GMLP Golar LNG Partners LP -1.62%
SFL Ship Finance International Limited -3.12%
EGLE Eagle Bulk Shipping, Inc. -3.23%
GASS StealthGas, Inc. -3.32%
TDW Tidewater Inc. -3.39%
ESEA Euroseas, Ltd. -3.41%
TGP Teekay LNG Partners LP. -3.56%
GMR General Maritime Corp. -3.77%
ISH International Shipholding Corp. -3.84%
VLCCF Knightsbridge Tankers Limited -4.83%
RLOG Rand Logistics, Inc. -5.01%
DAC Danaos Corporation -5.09%
KEX Kirby Corporation -5.25%
NMM Navios Maritime Partners L.P. -6.09%
GSL Global Ship Lease, Inc. -6.27%
NAT Nordic American Tanker Shipping Ltd. -6.55%
ALEX Alexander & Baldwin, Inc. -6.60%
TNK Teekay Tankers Ltd. -7.26%
CKH Seacor Holdings Inc. -7.50%
DHT DHT Holdings, Inc. -8.17%
NM Navios Maritime Holdings Inc. -8.24%
PRGN Paragon Shipping Inc. -8.78%
GLNG Golar LNG Ltd. -8.81%
SSW Seaspan Corp. -9.08%
TNP Tsakos Energy Navigation Ltd. -9.16%
BHO B+H Ocean Carriers Ltd. -9.29%
BALT Baltic Trading Limited -9.51%
EXM Excel Maritime Carriers, Ltd. -9.73%
FRO Frontline Ltd. -11.00%
HRZ Horizon Lines, Inc. -12.22%
FREE FreeSeas Inc. -13.71%
OSG Overseas Shipholding Group Inc. -13.86%
ULTR Ultrapetrol (Bahamas) Ltd. -13.88%
TEU Box Ships Inc. Common Shares -15.89%
SHIP Seanergy Maritime Holdings Corp. -18.39%
TBSI TBS International Plc -18.69%
NEWL NewLead Holdings Ltd. -19.59%
TOPS Top Ships Inc. -20.24%
TRBR Trailer Bridge Inc. -25.38%
TRMD TORM A/S -27.61%
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