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- October 12, 2011
Baltic Dry Index ( BDI ) - 2127 Up 21
Baltic Cape Index ( BCI ) - 3486 Up 12
Baltic Panamax Index ( BPI ) - 2026 Up 44
Supramax Index ( BSI ) - 1568 Up 12
Below these are the Top Shipping Stocks Performance of the day Stocks October 12, 2011.
Ticker Company Change
TOPS Top Ships Inc. 91.18%
GMR General Maritime Corp. 34.48%
EXM Excel Maritime Carriers, Ltd. 17.32%
FRO Frontline Ltd. 14.80%
GSL Global Ship Lease, Inc. 14.29%
TBSI TBS International Plc 12.50%
PRGN Paragon Shipping Inc. 12.12%
BHO B+H Ocean Carriers Ltd. 11.14%
DAC Danaos Corporation 10.03%
SHIP Seanergy Maritime Holdings Corp. 9.49%
EGLE Eagle Bulk Shipping, Inc. 9.27%
HRZ Horizon Lines, Inc. 8.62%
TEU Box Ships Inc. Common Shares 8.09%
TRMD TORM A/S 7.69%
OSG Overseas Shipholding Group Inc. 7.59%
DHT DHT Holdings, Inc. 7.30%
NM Navios Maritime Holdings Inc. 6.94%
DRYS DryShips, Inc. 6.58%
TK Teekay Corporation 5.90%
SSW Seaspan Corp. 5.82%
SB Safe Bulkers, Inc. 5.00%
TNK Teekay Tankers Ltd. 4.86%
ISH International Shipholding Corp. 4.77%
FREE FreeSeas Inc. 4.60%
BALT Baltic Trading Limited 3.17%
NEWL NewLead Holdings Ltd. 3.08%
SBLK Star Bulk Carriers Corp. 3.08%
ALEX Alexander & Baldwin, Inc. 3.05%
NNA Navios Maritime Acquisition Corporation 2.99%
TNP Tsakos Energy Navigation Ltd. 2.81%
NAT Nordic American Tanker Shipping Ltd. 2.78%
TGP Teekay LNG Partners LP. 2.69%
VLCCF Knightsbridge Tankers Limited 2.12%
TDW Tidewater Inc. 2.06%
DCIX Diana Containerships Inc. 1.98%
TOO Teekay Offshore Partners LP 1.78%
GASS StealthGas, Inc. 1.78%
DSX Diana Shipping Inc. 1.75%
SFL Ship Finance International Limited 1.48%
GLNG Golar LNG Ltd. 1.48%
KEX Kirby Corporation 1.45%
OCNF OceanFreight, Inc. 1.02%
CKH Seacor Holdings Inc. 0.84%
ULTR Ultrapetrol (Bahamas) Ltd. 0.82%
GMLP Golar LNG Partners LP 0.50%
RLOG Rand Logistics, Inc. 0.50%
NMM Navios Maritime Partners L.P. 0.32%
CPLP Capital Product Partners L.P. 0.32%
GNK Genco Shipping & Trading Ltd. 0.24%
GLBS Globus Maritime Ltd. -1.00%
ESEA Euroseas, Ltd. -1.86%
STNG Scorpio Tankers Inc. -2.03%
TMM Grupo TMM S.A.B. -4.38%
CMRE Costamare Inc. -6.10%
TRBR Trailer Bridge Inc. -11.54%
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