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- November 17, 2011
Baltic Dry Index ( BDI ) - 1898 Up 14
Baltic Cape Index ( BCI ) - 3258 Up 35
Baltic Panamax Index ( BPI ) - 1806 Up 12
Supramax Index ( BSI ) - 1368 Up 12
Below these are the Top Shipping Stocks Performance of the day Stocks November 17, 2011.
Ticker Company Change
TOPS Top Ships Inc. 4.17%
PRGN Paragon Shipping Inc. 2.47%
NM Navios Maritime Holdings Inc. 1.61%
FRO Frontline Ltd. 1.06%
GASS StealthGas, Inc. 0.76%
STNG Scorpio Tankers Inc. 0.61%
TGP Teekay LNG Partners LP. 0.58%
GSL Global Ship Lease, Inc. 0.57%
GLBS Globus Maritime Ltd. 0.49%
EGLE Eagle Bulk Shipping, Inc. 0.00%
GMR General Maritime Corp. 0.00%
TK Teekay Corporation -0.07%
TOO Teekay Offshore Partners LP -0.11%
DAC Danaos Corporation -0.30%
NAT Nordic American Tankers Limited -0.42%
SB Safe Bulkers, Inc. -0.44%
SFL Ship Finance International Limited -0.48%
GLNG Golar LNG Ltd. -0.52%
NMM Navios Maritime Partners L.P. -0.59%
TNP Tsakos Energy Navigation Ltd. -0.65%
ESEA Euroseas, Ltd. -0.96%
TRMD TORM A/S -1.08%
SSW Seaspan Corp. -1.13%
GMLP Golar LNG Partners LP -1.17%
KEX Kirby Corporation -1.33%
BALT Baltic Trading Limited -1.52%
SBLK Star Bulk Carriers Corp. -1.55%
CMRE Costamare Inc. -1.56%
NNA Navios Maritime Acquisition Corporation -1.58%
DCIX Diana Containerships Inc. -1.83%
VLCCF Knightsbridge Tankers Limited -1.84%
CKH Seacor Holdings Inc. -1.93%
SHIP Seanergy Maritime Holdings Corp. -2.23%
OSG Overseas Shipholding Group Inc. -2.27%
RLOG Rand Logistics, Inc. -2.38%
CPLP Capital Product Partners L.P. -2.41%
ISH International Shipholding Corp. -2.63%
TDW Tidewater Inc. -2.64%
GNK Genco Shipping & Trading Ltd. -3.09%
DSX Diana Shipping Inc. -3.17%
TEU Box Ships Inc. -3.22%
ALEX Alexander & Baldwin, Inc. -3.27%
DHT DHT Holdings, Inc. -4.55%
ULTR Ultrapetrol (Bahamas) Ltd. -4.58%
BHO B+H Ocean Carriers Ltd. -4.73%
TRBR Trailer Bridge Inc. -6.25%
TMM Grupo TMM S.A.B. -6.72%
DRYS DryShips, Inc. -6.91%
EXM Excel Maritime Carriers, Ltd. -6.99%
TNK Teekay Tankers Ltd. -7.55%
FREE FreeSeas Inc. -9.78%
TBSI TBS International PLC -10.53%
NEWL NewLead Holdings Ltd. -14.89%
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