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 28, 2011
Baltic Dry Index ( BDI ) - 2091 Down 54
Baltic Cape Index ( BCI ) - 3481 Down 131
Baltic Panamax Index ( BPI ) -1945 Down 16
Supramax Index ( BSI ) - -1559 Down 12
Below these are the Top Shipping Stocks Performance of the Week ended October 30, 2011.
Ticker Company Change
ULTR Ultrapetrol (Bahamas) Ltd. 32.05%
FRO Frontline Ltd. 23.36%
TOPS Top Ships Inc. 22.61%
STNG Scorpio Tankers Inc. 21.68%
TRMD TORM A/S 16.84%
EGLE Eagle Bulk Shipping, Inc. 16.67%
GMLP Golar LNG Partners LP 14.85%
TMM Grupo TMM S.A.B. 14.84%
GSL Global Ship Lease, Inc. 13.87%
DAC Danaos Corporation 13.04%
DRYS DryShips, Inc. 12.84%
TDW Tidewater Inc. 11.08%
KEX Kirby Corporation 9.53%
NM Navios Maritime Holdings Inc. 9.42%
SFL Ship Finance International Limited 8.30%
SB Safe Bulkers, Inc. 8.01%
NAT Nordic American Tanker Shipping Ltd. 7.62%
GLNG Golar LNG Ltd. 7.29%
DSX Diana Shipping Inc. 6.86%
ISH International Shipholding Corp. 6.84%
TOO Teekay Offshore Partners LP 5.98%
EXM Excel Maritime Carriers, Ltd. 5.71%
TNK Teekay Tankers Ltd. 5.28%
SSW Seaspan Corp. 4.93%
NMM Navios Maritime Partners L.P. 4.82%
ALEX Alexander & Baldwin, Inc. 4.82%
ESEA Euroseas, Ltd. 4.81%
OSG Overseas Shipholding Group Inc. 4.14%
CMRE Costamare Inc. 3.86%
SBLK Star Bulk Carriers Corp. 3.62%
GNK Genco Shipping & Trading Ltd. 3.49%
TK Teekay Corporation 3.46%
CKH Seacor Holdings Inc. 3.40%
OCNF OceanFreight, Inc. 3.32%
HRZ Horizon Lines, Inc. 3.13%
NNA Navios Maritime Acquisition Corporation 3.09%
VLCCF Knightsbridge Tankers Limited 2.88%
SHIP Seanergy Maritime Holdings Corp. 2.58%
RLOG Rand Logistics, Inc. 2.44%
BALT Baltic Trading Limited 2.23%
GASS StealthGas, Inc. 1.94%
TGP Teekay LNG Partners LP. 1.46%
TNP Tsakos Energy Navigation Ltd. 1.34%
DCIX Diana Containerships Inc. 1.31%
CPLP Capital Product Partners L.P. 0.43%
GLBS Globus Maritime Ltd. 0.00%
NEWL NewLead Holdings Ltd. -1.30%
TEU Box Ships Inc. Common Shares -3.25%
GMR General Maritime Corp. -3.57%
PRGN Paragon Shipping Inc. -5.13%
TBSI TBS International Plc -5.41%
BHO B+H Ocean Carriers Ltd. -6.15%
DHT DHT Holdings, Inc. -9.44%
FREE FreeSeas Inc. -15.84%
TRBR Trailer Bridge Inc. -21.43%
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