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 14, 2011
Baltic Dry Index ( BDI ) - -2173 Up 18
Baltic Cape Index ( BCI ) - 3587 Up 41
Baltic Panamax Index ( BPI ) -2084 Up 22
Supramax Index ( BSI ) - -1594 Up 11
Below these are the Top Shipping Stocks Performance of the Week ended October 16, 2011.
Ticker Company Change
TOPS Top Ships Inc. 99.06%
GMR General Maritime Corp. 94.18%
EXM Excel Maritime Carriers, Ltd. 59.26%
GSL Global Ship Lease, Inc. 46.49%
PRGN Paragon Shipping Inc. 41.18%
GNK Genco Shipping & Trading Ltd. 34.64%
SHIP Seanergy Maritime Holdings Corp. 27.96%
NM Navios Maritime Holdings Inc. 26.64%
EGLE Eagle Bulk Shipping, Inc. 25.00%
BALT Baltic Trading Limited 23.70%
OSG Overseas Shipholding Group Inc. 23.20%
FRO Frontline Ltd. 22.95%
DRYS DryShips, Inc. 22.32%
TEU Box Ships Inc. Common Shares 21.28%
NMM Navios Maritime Partners L.P. 21.16%
SSW Seaspan Corp. 20.51%
DSX Diana Shipping Inc. 19.35%
FREE FreeSeas Inc. 18.88%
TNK Teekay Tankers Ltd. 18.71%
SFL Ship Finance International Limited 18.58%
NAT Nordic American Tanker Shipping Ltd. 17.99%
TK Teekay Corporation 17.47%
ISH International Shipholding Corp. 16.90%
STNG Scorpio Tankers Inc. 16.47%
ULTR Ultrapetrol (Bahamas) Ltd. 16.29%
SB Safe Bulkers, Inc. 15.44%
GLNG Golar LNG Ltd. 14.62%
ALEX Alexander & Baldwin, Inc. 14.35%
DHT DHT Holdings, Inc. 13.53%
NEWL NewLead Holdings Ltd. 13.33%
DCIX Diana Containerships Inc. 12.23%
SBLK Star Bulk Carriers Corp. 11.38%
HRZ Horizon Lines, Inc. 10.34%
TOO Teekay Offshore Partners LP 9.83%
TDW Tidewater Inc. 9.74%
VLCCF Knightsbridge Tankers Limited 9.65%
TNP Tsakos Energy Navigation Ltd. 9.56%
CPLP Capital Product Partners L.P. 8.54%
KEX Kirby Corporation 8.00%
TGP Teekay LNG Partners LP. 7.81%
ESEA Euroseas, Ltd. 7.59%
CKH Seacor Holdings Inc. 7.58%
CMRE Costamare Inc. 6.55%
GMLP Golar LNG Partners LP 6.15%
TMM Grupo TMM S.A.B. 6.14%
DAC Danaos Corporation 5.56%
GASS StealthGas, Inc. 5.19%
OCNF OceanFreight, Inc. 3.11%
TRMD TORM A/S 1.55%
TBSI TBS International Plc 1.33%
TRBR Trailer Bridge Inc. 0.00%
NNA Navios Maritime Acquisition Corporation -0.59%
RLOG Rand Logistics, Inc. -0.82%
GLBS Globus Maritime Ltd. -2.91%
BHO B+H Ocean Carriers Ltd. -5.35%
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