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 09, 2011
Baltic Dry Index ( BDI ) - -2000 Up 33
Baltic Cape Index ( BCI ) - 3218 Up 56
Baltic Panamax Index ( BPI ) -1913 Up 44
Supramax Index ( BSI ) - -1533 Up 14
Below these are the Top Shipping Stocks Performance of the Week ended October 09, 2011.
Ticker Company Change
PRGN Paragon Shipping Inc. 7.59%
CRU Crude Carriers Corp. 5.37%
CKH Seacor Holdings Inc. 4.60%
TBSI TBS International Plc 4.17%
NMM Navios Maritime Partners L.P. 4.14%
TGP Teekay LNG Partners LP. 3.66%
OCNF OceanFreight, Inc. 3.07%
TDW Tidewater Inc. 2.52%
DCIX Diana Containerships Inc. 1.77%
KEX Kirby Corporation 1.22%
NNA Navios Maritime Acquisition Corporation 0.29%
ESEA Euroseas, Ltd. 0.00%
GLBS Globus Maritime Ltd. -0.96%
BALT Baltic Trading Limited -1.08%
TEU Box Ships Inc. Common Shares -1.27%
GLNG Golar LNG Ltd. -1.45%
GASS StealthGas, Inc. -1.79%
RLOG Rand Logistics, Inc. -1.93%
TNP Tsakos Energy Navigation Ltd. -2.51%
ULTR Ultrapetrol (Bahamas) Ltd. -2.64%
STNG Scorpio Tankers Inc. -3.41%
SSW Seaspan Corp. -3.84%
NM Navios Maritime Holdings Inc. -4.10%
VLCCF Knightsbridge Tankers Limited -4.23%
DRYS DryShips, Inc. -4.27%
GMLP Golar LNG Partners LP -4.58%
DSX Diana Shipping Inc. -4.58%
SBLK Star Bulk Carriers Corp. -4.65%
TK Teekay Corporation -5.09%
ALEX Alexander & Baldwin, Inc. -5.17%
TOO Teekay Offshore Partners LP -5.21%
ISH International Shipholding Corp. -5.90%
CMRE Costamare Inc. -6.07%
NEWL NewLead Holdings Ltd. -6.25%
TRBR Trailer Bridge Inc. -6.52%
TRMD TORM A/S -6.52%
DAC Danaos Corporation -7.83%
SB Safe Bulkers, Inc. -7.92%
SFL Ship Finance International Limited -8.92%
EXM Excel Maritime Carriers, Ltd. -9.13%
FRO Frontline Ltd. -9.28%
TNK Teekay Tankers Ltd. -9.35%
OSG Overseas Shipholding Group Inc. -9.97%
CPLP Capital Product Partners L.P. -10.17%
NAT Nordic American Tanker Shipping Ltd. -10.92%
GNK Genco Shipping & Trading Ltd. -11.65%
GSL Global Ship Lease, Inc. -11.90%
SHIP Seanergy Maritime Holdings Corp. -12.54%
EGLE Eagle Bulk Shipping, Inc. -13.38%
BHO B+H Ocean Carriers Ltd. -16.00%
DHT DHT Holdings, Inc. -16.67%
FREE FreeSeas Inc. -17.39%
TMM Grupo TMM S.A.B. -18.89%
TOPS Top Ships Inc. -27.17%
HRZ Horizon Lines, Inc. -32.56%
GMR General Maritime Corp. -34.62%
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