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 23, 2011
Baltic Dry Index ( BDI ) - 1920 Up 36
Baltic Cape Index ( BCI ) - 3335 Up 9
Baltic Panamax Index ( BPI ) - 1641 Down 1
Supramax Index ( BSI ) - 1479 Up 8
Below these are the Top Shipping Stocks Performance of the Week ended September 25, 2011.
Ticker Company Change
TMM Grupo TMM S.A.B. 8.28%
NEWL NewLead Holdings Ltd. 5.48%
NNA Navios Maritime Acquisition Corporation 5.20%
RLOG Rand Logistics, Inc. 4.67%
GNK Genco Shipping & Trading Ltd. 4.45%
OCNF OceanFreight, Inc. 1.14%
DCIX Diana Containerships Inc. -1.74%
NMM Navios Maritime Partners L.P. -1.93%
TOPS Top Ships Inc. -1.96%
HRZ Horizon Lines, Inc. -2.22%
TGP Teekay LNG Partners LP. -2.63%
GLNG Golar LNG Ltd. -3.08%
CRU Crude Carriers Corp. -3.69%
GMLP Golar LNG Partners LP -3.94%
VLCCF Knightsbridge Tankers Limited -4.08%
SB Safe Bulkers, Inc. -4.15%
ISH International Shipholding Corp. -5.68%
TNP Tsakos Energy Navigation Ltd. -6.41%
TOO Teekay Offshore Partners LP -6.50%
CMRE Costamare Inc. -6.68%
CPLP Capital Product Partners L.P. -7.23%
SSW Seaspan Corp. -7.39%
KEX Kirby Corporation -7.42%
NAT Nordic American Tanker Shipping Ltd. -7.87%
NM Navios Maritime Holdings Inc. -8.40%
GASS StealthGas, Inc. -9.07%
GLBS Globus Maritime Ltd. -9.17%
SFL Ship Finance International Limited -9.21%
DSX Diana Shipping Inc. -9.26%
OSG Overseas Shipholding Group Inc. -9.41%
ALEX Alexander & Baldwin, Inc. -9.53%
BALT Baltic Trading Limited -10.06%
TNK Teekay Tankers Ltd. -10.26%
TK Teekay Corporation -10.33%
SHIP Seanergy Maritime Holdings Corp. -10.34%
DHT DHT Holdings, Inc. -10.80%
SBLK Star Bulk Carriers Corp. -11.27%
ESEA Euroseas, Ltd. -11.28%
CKH Seacor Holdings Inc. -11.50%
TEU Box Ships Inc. Common Shares -11.55%
BHO B+H Ocean Carriers Ltd. -12.06%
FREE FreeSeas Inc. -14.04%
STNG Scorpio Tankers Inc. -14.05%
ULTR Ultrapetrol (Bahamas) Ltd. -14.69%
DAC Danaos Corporation -15.08%
TDW Tidewater Inc. -15.94%
TRMD TORM A/S -15.95%
TRBR Trailer Bridge Inc. -16.13%
FRO Frontline Ltd. -17.02%
DRYS DryShips, Inc. -17.90%
EXM Excel Maritime Carriers, Ltd. -18.15%
EGLE Eagle Bulk Shipping, Inc. -18.36%
GSL Global Ship Lease, Inc. -19.12%
TBSI TBS International Plc -20.39%
PRGN Paragon Shipping Inc. -23.81%
GMR General Maritime Corp. -28.12%
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