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 26, 2011
Baltic Dry Index ( BDI ) - 5141 Down 41
Baltic Cape Index ( BCI ) - 2346 Down 120
Baltic Panamax Index ( BPI ) - 1651 Down 11
Supramax Index ( BSI ) - 1387 Up 2
Below these are the Top Shipping Stocks Performance of the Week ended August 28, 2011.
Ticker Company Change
BHO B+H Ocean Carriers Ltd. 22.58%
TOPS Top Ships Inc. 19.40%
NM Navios Maritime Holdings Inc. 14.42%
OCNF OceanFreight, Inc. 12.33%
VLCCF Knightsbridge Tankers Limited 10.89%
SFL Ship Finance International Limited 10.46%
RLOG Rand Logistics, Inc. 10.39%
TEU Box Ships Inc. Common Shares 9.83%
FREE FreeSeas Inc. 9.35%
BALT Baltic Trading Limited 8.56%
TK Teekay Corporation 7.24%
EGLE Eagle Bulk Shipping, Inc. 6.67%
KEX Kirby Corporation 6.34%
SSW Seaspan Corp. 5.89%
EXM Excel Maritime Carriers, Ltd. 4.79%
DSX Diana Shipping Inc. 4.48%
SHIP Seanergy Maritime Holdings Corp. 4.44%
ALEX Alexander & Baldwin, Inc. 3.99%
NMM Navios Maritime Partners L.P. 3.93%
NAT Nordic American Tanker Shipping Ltd. 3.77%
STNG Scorpio Tankers Inc. 3.71%
CMRE Costamare Inc. 3.51%
TBSI TBS International Plc 3.45%
CPLP Capital Product Partners L.P. 3.33%
CRU Crude Carriers Corp. 3.33%
CKH Seacor Holdings Inc. 3.24%
OSG Overseas Shipholding Group Inc. 3.00%
TDW Tidewater Inc. 2.38%
GLNG Golar LNG Ltd. 2.34%
NEWL NewLead Holdings Ltd. 1.28%
DCIX Diana Containerships Inc. 1.18%
GSL Global Ship Lease, Inc. 1.00%
ESEA Euroseas, Ltd. 0.27%
DRYS DryShips, Inc. -0.36%
SB Safe Bulkers, Inc. -0.73%
TGP Teekay LNG Partners LP. -1.26%
GASS StealthGas, Inc. -1.72%
DAC Danaos Corporation -2.14%
TNK Teekay Tankers Ltd. -2.40%
TNP Tsakos Energy Navigation Ltd. -2.68%
ULTR Ultrapetrol (Bahamas) Ltd. -2.69%
GNK Genco Shipping & Trading Ltd. -2.99%
GMLP Golar LNG Partners LP -3.09%
TOO Teekay Offshore Partners LP -3.42%
ISH International Shipholding Corp. -3.53%
SBLK Star Bulk Carriers Corp. -4.86%
PRGN Paragon Shipping Inc. -5.19%
TRMD TORM A/S -5.58%
FRO Frontline Ltd. -5.81%
DHT DHT Holdings, Inc. -6.05%
TRBR Trailer Bridge Inc. -6.19%
GLBS Globus Maritime Ltd. -10.60%
HRZ Horizon Lines, Inc. -11.77%
TMM Grupo TMM S.A.B. -13.43%
GMR General Maritime Corp. -23.53%
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