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 16, 2011
Baltic Dry Index ( BDI ) - 1814 Down 93
Baltic Cape Index ( BCI ) - 3008 Down 259
Baltic Panamax Index ( BPI ) - 1747 Down 2
Supramax Index ( BSI ) - 1446 Up 8
Below these are the Top Shipping Stocks Performance of the Week ended September 16, 2011.
Ticker Company Change
EXM Excel Maritime Carriers, Ltd. 31.91%
EGLE Eagle Bulk Shipping, Inc. 14.36%
ISH International Shipholding Corp. 13.93%
NEWL NewLead Holdings Ltd. 12.31%
DRYS DryShips, Inc. 10.96%
TBSI TBS International Plc 8.89%
ULTR Ultrapetrol (Bahamas) Ltd. 8.47%
NM Navios Maritime Holdings Inc. 8.38%
OSG Overseas Shipholding Group Inc. 7.87%
SBLK Star Bulk Carriers Corp. 7.58%
VLCCF Knightsbridge Tankers Limited 7.08%
KEX Kirby Corporation 6.90%
CKH Seacor Holdings Inc. 6.81%
OCNF OceanFreight, Inc. 6.41%
TNK Teekay Tankers Ltd. 5.41%
BALT Baltic Trading Limited 4.77%
TNP Tsakos Energy Navigation Ltd. 4.65%
TDW Tidewater Inc. 4.52%
GLNG Golar LNG Ltd. 4.46%
SFL Ship Finance International Limited 4.41%
DCIX Diana Containerships Inc. 4.02%
ALEX Alexander & Baldwin, Inc. 3.59%
DAC Danaos Corporation 3.56%
SHIP Seanergy Maritime Holdings Corp. 3.33%
FRO Frontline Ltd. 2.98%
SSW Seaspan Corp. 2.92%
CRU Crude Carriers Corp. 2.60%
NMM Navios Maritime Partners L.P. 2.40%
TK Teekay Corporation 2.36%
CPLP Capital Product Partners L.P. 2.36%
DSX Diana Shipping Inc. 2.34%
HRZ Horizon Lines, Inc. 2.27%
TOO Teekay Offshore Partners LP 2.07%
STNG Scorpio Tankers Inc. 1.87%
NAT Nordic American Tanker Shipping Ltd. 1.73%
NNA Navios Maritime Acquisition Corporation 1.53%
GMLP Golar LNG Partners LP 1.33%
PRGN Paragon Shipping Inc. 0.80%
GNK Genco Shipping & Trading Ltd. 0.77%
TGP Teekay LNG Partners LP. 0.37%
SB Safe Bulkers, Inc. 0.00%
GASS StealthGas, Inc. 0.00%
CMRE Costamare Inc. -1.69%
GSL Global Ship Lease, Inc. -2.86%
TEU Box Ships Inc. Common Shares -4.14%
DHT DHT Holdings, Inc. -4.69%
TRBR Trailer Bridge Inc. -5.14%
TRMD TORM A/S -5.78%
ESEA Euroseas, Ltd. -6.13%
GLBS Globus Maritime Ltd. -6.80%
FREE FreeSeas Inc. -9.57%
TOPS Top Ships Inc. -10.28%
GMR General Maritime Corp. -11.11%
TMM Grupo TMM S.A.B. -11.30%
BHO B+H Ocean Carriers Ltd. -13.67%
RLOG Rand Logistics, Inc. -16.20%
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