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 5, 2011
Baltic Dry Index ( BDI ) - 1268 No change
Baltic Cape Index ( BCI ) - 1804 Down 3
Baltic Panamax Index ( BPI ) - 1478 Up 3
Supramax Index ( BSI ) - 1250 Down 3
Below these are the Top Shipping Stocks Performance of the Week ended August 7, 2011.
Ticker Company Change
SHIPD Seanergy Maritime Holdings Corp 35.79%
STNG Scorpio Tankers Inc. 5.82%
ISH International Shipholding Corp. 0.83%
TRBR Trailer Bridge Inc. 0.00%
OCNFD OceanFreight, Inc. -0.12%
TRMD TORM A/S -3.63%
TDW Tidewater Inc. -4.15%
SB Safe Bulkers, Inc. -5.07%
GASS StealthGas, Inc. -5.50%
RLOG Rand Logistics, Inc. -6.52%
CMRE Costamare Inc. -8.37%
TOO Teekay Offshore Partners LP -8.96%
KEX Kirby Corporation -9.34%
TGP Teekay LNG Partners LP. -9.94%
ALEX Alexander & Baldwin, Inc. -9.96%
TOPS Top Ships Inc. -10.20%
DHT DHT Holdings, Inc. -10.28%
ESEA Euroseas, Ltd. -10.29%
SBLK Star Bulk Carriers Corp. -10.90%
NAT Nordic American Tanker Shipping Ltd. -11.23%
CKH Seacor Holdings Inc. -11.38%
BALT Baltic Trading Limited -11.52%
SSW Seaspan Corp. -11.58%
TK Teekay Corporation -11.79%
TEU Box Ships Inc. Common Shares -12.12%
GMLP Golar LNG Partners LP -12.75%
DSX Diana Shipping Inc. -13.16%
OSG Overseas Shipholding Group Inc. -13.23%
ULTR Ultrapetrol (Bahamas) Ltd. -13.30%
VLCCF Knightsbridge Tankers Limited -14.55%
GSL Global Ship Lease, Inc. -14.76%
TNK Teekay Tankers Ltd. -14.87%
GLBS Globus Maritime Ltd. -15.21%
DAC Danaos Corporation -15.49%
PRGN Paragon Shipping Inc. -17.54%
GLNG Golar LNG Ltd. -18.04%
NM Navios Maritime Holdings Inc. -20.65%
EXM Excel Maritime Carriers, Ltd. -20.93%
HRZ Horizon Lines, Inc. -20.95%
FREE FreeSeas Inc. -21.21%
TNP Tsakos Energy Navigation Ltd. -21.32%
NMM Navios Maritime Partners L.P. -21.92%
SFL Ship Finance International Limited -22.62%
DCIX Diana Containerships Inc. -22.88%
DRYS DryShips, Inc. -22.93%
BHO B+H Ocean Carriers Ltd. -23.08%
TBSI TBS International Plc -23.17%
SHIP Seanergy Maritime Holdings Corp. -24.19%
EGLE Eagle Bulk Shipping, Inc. -25.00%
GNK Genco Shipping & Trading Ltd. -25.88%
TMM Grupo TMM S.A.B. -26.67%
CPLP Capital Product Partners L.P. -26.79%
FRO Frontline Ltd. -27.04%
CRU Crude Carriers Corp. -27.57%
GMR General Maritime Corp. -32.11%
NEWL NewLead Holdings Ltd. -34.29%
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