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 12, 2011
Baltic Dry Index ( BDI ) - 1287 Up 10
Baltic Cape Index ( BCI ) - 1851 Up 15
Baltic Panamax Index ( BPI ) - 1520 Up 19
Supramax Index ( BSI ) - 1255 Up 9
Below these are the Top Shipping Stocks Performance of the Week ended August 14, 2011.
Ticker Company Change
BHO B+H Ocean Carriers Ltd. 41.43%
TMM Grupo TMM S.A.B. 32.58%
NMM Navios Maritime Partners L.P. 26.35%
GNK Genco Shipping & Trading Ltd. 11.21%
SSW Seaspan Corp. 11.07%
TOPS Top Ships Inc. 10.04%
HRZ Horizon Lines, Inc. 8.47%
GASS StealthGas, Inc. 6.84%
SFL Ship Finance International Limited 5.98%
DAC Danaos Corporation 5.93%
EGLE Eagle Bulk Shipping, Inc. 5.08%
PRGN Paragon Shipping Inc. 4.96%
SBLK Star Bulk Carriers Corp. 4.86%
ESEA Euroseas, Ltd. 4.10%
GMLP Golar LNG Partners LP 3.63%
GLNG Golar LNG Ltd. 3.52%
CPLP Capital Product Partners L.P. 3.48%
SB Safe Bulkers, Inc. 2.16%
TGP Teekay LNG Partners LP. 2.15%
TNK Teekay Tankers Ltd. 1.31%
DCIX Diana Containerships Inc. 1.19%
GLBS Globus Maritime Ltd. 0.36%
RLOG Rand Logistics, Inc. 0.29%
NAT Nordic American Tanker Shipping Ltd. -0.06%
TNP Tsakos Energy Navigation Ltd. -0.29%
CKH Seacor Holdings Inc. -0.36%
TOO Teekay Offshore Partners LP -0.47%
TDW Tidewater Inc. -0.60%
VLCCF Knightsbridge Tankers Limited -0.60%
NM Navios Maritime Holdings Inc. -1.45%
KEX Kirby Corporation -1.98%
ULTR Ultrapetrol (Bahamas) Ltd. -3.71%
CMRE Costamare Inc. -3.91%
GSL Global Ship Lease, Inc. -4.48%
FREE FreeSeas Inc. -4.62%
TEU Box Ships Inc. Common Shares -4.67%
DHT DHT Holdings, Inc. -5.26%
DSX Diana Shipping Inc. -5.51%
BALT Baltic Trading Limited -6.22%
TK Teekay Corporation -6.31%
TRBR Trailer Bridge Inc. -7.14%
ALEX Alexander & Baldwin, Inc. -7.24%
FRO Frontline Ltd. -7.87%
SHIP Seanergy Maritime Holdings Corp. -9.18%
ISH International Shipholding Corp. -12.69%
EXM Excel Maritime Carriers, Ltd. -12.74%
OCNF OceanFreight, Inc. -12.98%
DRYS DryShips, Inc. -13.38%
OSG Overseas Shipholding Group Inc. -13.62%
TRMD TORM A/S -13.91%
TBSI TBS International Plc -15.08%
NEWL NewLead Holdings Ltd. -19.17%
CRU Crude Carriers Corp. -20.77%
STNG Scorpio Tankers Inc. -23.15%
GMR General Maritime Corp. -28.38%
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