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 02, 2011
Baltic Dry Index ( BDI ) - 1740 Up 58
Baltic Cape Index ( BCI ) - 2975 Up 168
Baltic Panamax Index ( BPI ) - 1630 Up 6
Supramax Index ( BSI ) - 1379 Down 1
Below these are the Top Shipping Stocks Performance of the Week ended September 02, 2011.
Ticker Company Change
GLBS Globus Maritime Ltd. 33.84%
SHIP Seanergy Maritime Holdings Corp. 17.33%
GNK Genco Shipping & Trading Ltd. 13.50%
TEU Box Ships Inc. Common Shares 10.37%
BHO B+H Ocean Carriers Ltd. 10.09%
NEWL NewLead Holdings Ltd. 8.86%
NNA Navios Maritime Acquisition Corporation 8.82%
DRYS DryShips, Inc. 8.06%
SFL Ship Finance International Limited 8.05%
BALT Baltic Trading Limited 7.88%
EXM Excel Maritime Carriers, Ltd. 6.86%
TK Teekay Corporation 6.06%
GASS StealthGas, Inc. 5.99%
FRO Frontline Ltd. 5.86%
DHT DHT Holdings, Inc. 5.68%
GLNG Golar LNG Ltd. 5.40%
DSX Diana Shipping Inc. 4.88%
ISH International Shipholding Corp. 4.44%
TOO Teekay Offshore Partners LP 3.94%
ALEX Alexander & Baldwin, Inc. 3.91%
SBLK Star Bulk Carriers Corp. 3.65%
ESEA Euroseas, Ltd. 3.59%
GMLP Golar LNG Partners LP 3.48%
OSG Overseas Shipholding Group Inc. 3.04%
DAC Danaos Corporation 3.02%
SSW Seaspan Corp. 2.78%
FREE FreeSeas Inc. 2.57%
TGP Teekay LNG Partners LP. 2.53%
TDW Tidewater Inc. 2.17%
STNG Scorpio Tankers Inc. 1.46%
GSL Global Ship Lease, Inc. 1.32%
CRU Crude Carriers Corp. 1.31%
SB Safe Bulkers, Inc. 1.17%
OCNF OceanFreight, Inc. 0.88%
NM Navios Maritime Holdings Inc. 0.28%
CMRE Costamare Inc. -0.07%
NAT Nordic American Tanker Shipping Ltd. -0.46%
KEX Kirby Corporation -0.61%
TMM Grupo TMM S.A.B. -0.64%
PRGN Paragon Shipping Inc. -0.78%
TNK Teekay Tankers Ltd. -0.82%
TNP Tsakos Energy Navigation Ltd. -1.13%
NMM Navios Maritime Partners L.P. -1.79%
CKH Seacor Holdings Inc. -1.94%
TBSI TBS International Plc -2.21%
GMR General Maritime Corp. -2.26%
DCIX Diana Containerships Inc. -2.53%
RLOG Rand Logistics, Inc. -3.45%
TRMD TORM A/S -4.43%
EGLE Eagle Bulk Shipping, Inc. -6.77%
CPLP Capital Product Partners L.P. -6.91%
ULTR Ultrapetrol (Bahamas) Ltd. -7.06%
VLCCF Knightsbridge Tankers Limited -8.96%
TOPS Top Ships Inc. -14.17%
HRZ Horizon Lines, Inc. -21.43%
TRBR Trailer Bridge Inc. -31.87%
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