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 18, 2011
Baltic Dry Index ( BDI ) - 1895 Down 3
Baltic Cape Index ( BCI ) - 3235 Down 23
Baltic Panamax Index ( BPI ) 1831 Up 25
Supramax Index ( BSI ) - 1381 Up 13 Below these are the Top Shipping Stocks Performance of the Week ended November 18, 2011.
Ticker Company Change (Week)
TOPS Top Ships Inc. 10.13%
TEU Box Ships Inc. 4.50%
NM Navios Maritime Holdings Inc. 3.57%
GLNG Golar LNG Ltd. 2.67%
NEWL NewLead Holdings Ltd. 2.56%
ESEA Euroseas, Ltd. 2.30%
TGP Teekay LNG Partners LP. 1.98%
BHO B+H Ocean Carriers Ltd. 1.59%
TOO Teekay Offshore Partners LP 1.48%
TK Teekay Corporation 1.41%
SB Safe Bulkers, Inc. 1.35%
SHIP Seanergy Maritime Holdings Corp. 0.60%
NMM Navios Maritime Partners L.P. 0.33%
GASS StealthGas, Inc. 0.25%
GMLP Golar LNG Partners LP -0.07%
RLOG Rand Logistics, Inc. -0.31%
GLBS Globus Maritime Ltd. -0.48%
KEX Kirby Corporation -0.79%
NAT Nordic American Tankers Limited -1.04%
TNP Tsakos Energy Navigation Ltd. -1.29%
DCIX Diana Containerships Inc. -1.59%
DAC Danaos Corporation -1.75%
OSG Overseas Shipholding Group Inc. -1.89%
TDW Tidewater Inc. -2.19%
TNK Teekay Tankers Ltd. -2.36%
SFL Ship Finance International Limited -3.02%
CMRE Costamare Inc. -3.38%
SSW Seaspan Corp. -3.40%
TMM Grupo TMM S.A.B. -3.48%
SBLK Star Bulk Carriers Corp. -3.79%
DSX Diana Shipping Inc. -3.80%
VLCCF Knightsbridge Tankers Limited -3.88%
CKH Seacor Holdings Inc. -4.32%
CPLP Capital Product Partners L.P. -4.33%
STNG Scorpio Tankers Inc. -5.11%
GMR General Maritime Corp. -5.88%
ALEX Alexander & Baldwin, Inc. -6.15%
FREE FreeSeas Inc. -6.59%
GNK Genco Shipping & Trading Ltd. -8.88%
BALT Baltic Trading Limited -8.96%
FRO Frontline Ltd. -9.11%
PRGN Paragon Shipping Inc. -9.78%
ISH International Shipholding Corp. -9.82%
EGLE Eagle Bulk Shipping, Inc. -9.93%
NNA Navios Maritime Acquisition Corporation -9.94%
GSL Global Ship Lease, Inc. -10.00%
DRYS DryShips, Inc. -11.81%
EXM Excel Maritime Carriers, Ltd. -12.66%
DHT DHT Holdings, Inc. -15.20%
ULTR Ultrapetrol (Bahamas) Ltd. -19.20%
TRMD TORM A/S -20.79%
TBSI TBS International PLC -26.23%
TRBR Trailer Bridge Inc. -71.43%
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