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 11, 2011
Baltic Dry Index ( BDI ) - 1835 Down 5
Baltic Cape Index ( BCI ) - 3150 Down 12
Baltic Panamax Index ( BPI ) 1761 No Change
Supramax Index ( BSI ) - -1324 Down 5 Below these are the Top Shipping Stocks Performance of the Week ended November 11, 2011.
Ticker Company Change (Week)
FRO Frontline Ltd. 35.24%
TMM Grupo TMM S.A.B. 21.69%
FREE FreeSeas Inc. 19.34%
OSG Overseas Shipholding Group Inc. 13.00%
STNG Scorpio Tankers Inc. 11.38%
GNK Genco Shipping & Trading Ltd. 11.02%
ULTR Ultrapetrol (Bahamas) Ltd. 11.00%
TK Teekay Corporation 5.77%
DAC Danaos Corporation 5.21%
TNP Tsakos Energy Navigation Ltd. 4.38%
DRYS DryShips, Inc. 4.35%
SFL Ship Finance International Limited 3.19%
TEU Box Ships Inc. 3.07%
NEWL NewLead Holdings Ltd. 2.63%
VLCCF Knightsbridge Tankers Limited 2.36%
NAT Nordic American Tankers Limited 2.04%
RLOG Rand Logistics, Inc. 2.04%
GLNG Golar LNG Ltd. 1.51%
DSX Diana Shipping Inc. 1.33%
ISH International Shipholding Corp. 1.14%
DCIX Diana Containerships Inc. 1.01%
TDW Tidewater Inc. 0.76%
TOO Teekay Offshore Partners LP 0.75%
GLBS Globus Maritime Ltd. 0.24%
GMLP Golar LNG Partners LP 0.14%
CKH Seacor Holdings Inc. 0.10%
KEX Kirby Corporation 0.02%
BALT Baltic Trading Limited 0.00%
CMRE Costamare Inc. -0.08%
SB Safe Bulkers, Inc. -0.59%
CPLP Capital Product Partners L.P. -1.22%
NNA Navios Maritime Acquisition Corporation -2.13%
PRGN Paragon Shipping Inc. -2.17%
NM Navios Maritime Holdings Inc. -2.41%
TNK Teekay Tankers Ltd. -2.43%
EGLE Eagle Bulk Shipping, Inc. -2.76%
TGP Teekay LNG Partners LP. -2.86%
ESEA Euroseas, Ltd. -2.87%
SBLK Star Bulk Carriers Corp. -2.94%
GASS StealthGas, Inc. -3.17%
EXM Excel Maritime Carriers, Ltd. -3.66%
NMM Navios Maritime Partners L.P. -4.23%
GSL Global Ship Lease, Inc. -4.55%
ALEX Alexander & Baldwin, Inc. -5.23%
GMR General Maritime Corp. -5.26%
SHIP Seanergy Maritime Holdings Corp. -7.08%
DHT DHT Holdings, Inc. -8.09%
SSW Seaspan Corp. -8.42%
TOPS Top Ships Inc. -9.20%
BHO B+H Ocean Carriers Ltd. -10.00%
TRBR Trailer Bridge Inc. -10.26%
TRMD TORM A/S -12.93%
TBSI TBS International PLC -16.44%
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