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- September 09, 2011
Baltic Dry Index ( BDI ) - 1838 Up 56
Baltic Cape Index ( BCI ) - 3185 Up 137
Baltic Panamax Index ( BPI ) - 1685 Up 15
Supramax Index ( BSI ) - 1401 Up 11
Below these are the Top Shipping Stocks Performance of the Week ended September 11, 2011.
Ticker Company Change
GNK Genco Shipping & Trading Ltd. 10.48%
TRBR Trailer Bridge Inc. 4.84%
TMM Grupo TMM S.A.B. 4.12%
SHIP Seanergy Maritime Holdings Corp. 3.95%
RLOG Rand Logistics, Inc. 2.87%
CRU Crude Carriers Corp. 1.87%
OCNF OceanFreight, Inc. 1.29%
GASS StealthGas, Inc. 0.72%
GLBS Globus Maritime Ltd. 0.19%
TOO Teekay Offshore Partners LP -0.53%
GMLP Golar LNG Partners LP -1.05%
KEX Kirby Corporation -2.09%
BALT Baltic Trading Limited -2.14%
TDW Tidewater Inc. -2.22%
CKH Seacor Holdings Inc. -2.32%
TK Teekay Corporation -2.75%
GLNG Golar LNG Ltd. -3.18%
EGLE Eagle Bulk Shipping, Inc. -3.21%
ESEA Euroseas, Ltd. -3.23%
SB Safe Bulkers, Inc. -3.30%
TGP Teekay LNG Partners LP. -3.47%
EXM Excel Maritime Carriers, Ltd. -3.59%
NNA Navios Maritime Acquisition Corporation -3.82%
ALEX Alexander & Baldwin, Inc. -4.14%
TBSI TBS International Plc -4.26%
DCIX Diana Containerships Inc. -4.41%
DRYS DryShips, Inc. -4.74%
DAC Danaos Corporation -5.44%
ISH International Shipholding Corp. -5.66%
SSW Seaspan Corp. -5.93%
DSX Diana Shipping Inc. -5.94%
FREE FreeSeas Inc. -6.50%
CPLP Capital Product Partners L.P. -6.62%
NAT Nordic American Tanker Shipping Ltd. -6.74%
NMM Navios Maritime Partners L.P. -6.79%
TNP Tsakos Energy Navigation Ltd. -7.63%
TNK Teekay Tankers Ltd. -7.73%
TEU Box Ships Inc. Common Shares -8.02%
VLCCF Knightsbridge Tankers Limited -8.30%
CMRE Costamare Inc. -8.35%
PRGN Paragon Shipping Inc. -8.76%
OSG Overseas Shipholding Group Inc. -8.81%
ULTR Ultrapetrol (Bahamas) Ltd. -8.95%
SBLK Star Bulk Carriers Corp. -9.59%
NM Navios Maritime Holdings Inc. -9.66%
TOPS Top Ships Inc. -10.05%
GMR General Maritime Corp. -10.58%
GSL Global Ship Lease, Inc. -11.67%
STNG Scorpio Tankers Inc. -11.99%
SFL Ship Finance International Limited -12.07%
DHT DHT Holdings, Inc. -14.09%
FRO Frontline Ltd. -15.15%
TRMD TORM A/S -16.43%
BHO B+H Ocean Carriers Ltd. -18.54%
NEWL NewLead Holdings Ltd. -24.09%
HRZ Horizon Lines, Inc. -24.10%
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