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- September 30, 2011
Baltic Dry Index ( BDI ) - 1899 Down 14
Baltic Cape Index ( BCI ) - 3116 Down 71
Baltic Panamax Index ( BPI ) -1726 Up 21
Supramax Index ( BSI ) - 1499 Down 2
Below these are the Top Shipping Stocks Performance of the Week ended September 30, 2011.
Ticker Company Change
GMR General Maritime Corp. 13.04%
BHO B+H Ocean Carriers Ltd. 7.57%
CPLP Capital Product Partners L.P. 5.97%
TMM Grupo TMM S.A.B. 5.88%
ESEA Euroseas, Ltd. 5.69%
CRU Crude Carriers Corp. 5.37%
TEU Box Ships Inc. Common Shares 4.22%
DAC Danaos Corporation 3.43%
FREE FreeSeas Inc. 3.37%
ISH International Shipholding Corp. 3.12%
GMLP Golar LNG Partners LP 2.94%
GASS StealthGas, Inc. 2.89%
STNG Scorpio Tankers Inc. 2.72%
EXM Excel Maritime Carriers, Ltd. 2.46%
SBLK Star Bulk Carriers Corp. 2.38%
TRMD TORM A/S 0.73%
SFL Ship Finance International Limited 0.70%
NEWL NewLead Holdings Ltd. 0.00%
GLNG Golar LNG Ltd. -0.03%
OCNF OceanFreight, Inc. -0.28%
KEX Kirby Corporation -0.47%
VLCCF Knightsbridge Tankers Limited -0.84%
RLOG Rand Logistics, Inc. -1.11%
CKH Seacor Holdings Inc. -1.41%
NNA Navios Maritime Acquisition Corporation -1.45%
BALT Baltic Trading Limited -1.90%
TNP Tsakos Energy Navigation Ltd. -1.93%
TGP Teekay LNG Partners LP. -2.14%
HRZ Horizon Lines, Inc. -2.73%
ALEX Alexander & Baldwin, Inc. -2.79%
GLBS Globus Maritime Ltd. -2.80%
TOO Teekay Offshore Partners LP -2.85%
TOPS Top Ships Inc. -3.34%
SB Safe Bulkers, Inc. -4.18%
GSL Global Ship Lease, Inc. -4.55%
TK Teekay Corporation -4.56%
GNK Genco Shipping & Trading Ltd. -4.87%
CMRE Costamare Inc. -4.93%
NM Navios Maritime Holdings Inc. -6.21%
NMM Navios Maritime Partners L.P. -6.40%
DSX Diana Shipping Inc. -6.55%
EGLE Eagle Bulk Shipping, Inc. -7.10%
SSW Seaspan Corp. -7.58%
DHT DHT Holdings, Inc. -8.52%
TDW Tidewater Inc. -8.69%
TBSI TBS International Plc -8.97%
DCIX Diana Containerships Inc. -10.02%
NAT Nordic American Tanker Shipping Ltd. -10.13%
FRO Frontline Ltd. -10.35%
DRYS DryShips, Inc. -12.03%
TRBR Trailer Bridge Inc. -13.44%
OSG Overseas Shipholding Group Inc. -13.53%
TNK Teekay Tankers Ltd. -15.13%
ULTR Ultrapetrol (Bahamas) Ltd. -16.85%
PRGN Paragon Shipping Inc. -17.71%
SHIP Seanergy Maritime Holdings Corp. -18.21%
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