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 21, 2011
Baltic Dry Index ( BDI ) - 2153 Down 8
Baltic Cape Index ( BCI ) - 3566 Up 1
Baltic Panamax Index ( BPI ) -2026 Down 32
Supramax Index ( BSI ) - -1607 Down 5
Below these are the Top Shipping Stocks Performance of the Week ended October 23, 2011.
Ticker Company Change
DAC Danaos Corporation 22.60%
CPLP Capital Product Partners L.P. 13.16%
GLNG Golar LNG Ltd. 7.86%
SSW Seaspan Corp. 5.50%
EXM Excel Maritime Carriers, Ltd. 4.98%
TOO Teekay Offshore Partners LP 3.75%
TK Teekay Corporation 3.61%
TGP Teekay LNG Partners LP. 3.31%
HRZ Horizon Lines, Inc. 3.13%
DCIX Diana Containerships Inc. 3.06%
CMRE Costamare Inc. 2.81%
BALT Baltic Trading Limited 2.64%
TNK Teekay Tankers Ltd. 2.63%
TMM Grupo TMM S.A.B. 2.42%
TOPS Top Ships Inc. 2.37%
TRMD TORM A/S 2.29%
KEX Kirby Corporation 2.09%
SB Safe Bulkers, Inc. 1.82%
TEU Box Ships Inc. Common Shares 1.69%
RLOG Rand Logistics, Inc. 1.66%
ALEX Alexander & Baldwin, Inc. 1.57%
TNP Tsakos Energy Navigation Ltd. 1.51%
ISH International Shipholding Corp. 0.84%
NNA Navios Maritime Acquisition Corporation 0.59%
GASS StealthGas, Inc. 0.49%
TDW Tidewater Inc. 0.08%
VLCCF Knightsbridge Tankers Limited -0.17%
GMLP Golar LNG Partners LP -0.42%
TBSI TBS International Plc -0.66%
OCNF OceanFreight, Inc. -0.90%
FREE FreeSeas Inc. -1.11%
SBLK Star Bulk Carriers Corp. -1.46%
NMM Navios Maritime Partners L.P. -2.32%
SFL Ship Finance International Limited -2.42%
NAT Nordic American Tanker Shipping Ltd. -2.97%
GSL Global Ship Lease, Inc. -3.32%
PRGN Paragon Shipping Inc. -3.33%
NM Navios Maritime Holdings Inc. -3.38%
CKH Seacor Holdings Inc. -3.91%
BHO B+H Ocean Carriers Ltd. -4.63%
DHT DHT Holdings, Inc. -4.66%
DRYS DryShips, Inc. -5.11%
DSX Diana Shipping Inc. -5.92%
GLBS Globus Maritime Ltd. -6.20%
SHIP Seanergy Maritime Holdings Corp. -6.72%
STNG Scorpio Tankers Inc. -7.41%
ESEA Euroseas, Ltd. -7.94%
EGLE Eagle Bulk Shipping, Inc. -8.24%
ULTR Ultrapetrol (Bahamas) Ltd. -8.95%
GNK Genco Shipping & Trading Ltd. -9.04%
FRO Frontline Ltd. -9.43%
NEWL NewLead Holdings Ltd. -11.76%
OSG Overseas Shipholding Group Inc. -13.12%
TRBR Trailer Bridge Inc. -16.28%
GMR General Maritime Corp. -22.58%
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