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- December 09, 2011
Baltic Dry Index ( BDI ) - 1922 Up 40
Baltic Cape Index ( BCI ) - 3697 Up 168
Baltic Panamax Index ( BPI) - 1713 Up 20
Supramax Index ( BSI ) - 1230 Down 18Below these are the Top Shipping Stocks Performance of the Week ended December 11, 2011.
Ticker Company Change (Week)
TRMD TORM A/S 20.97%
FRO Frontline Ltd. 19.74%
DAC Danaos Corporation 13.73%
GLBS Globus Maritime Ltd. 12.53%
NNA Navios Maritime Acquisition Corporation 12.00%
CPLP Capital Product Partners L.P. 9.83%
CMRE Costamare Inc. 9.49%
NAT Nordic American Tankers Limited 7.70%
DHT DHT Holdings, Inc. 7.51%
DSX Diana Shipping Inc. 4.87%
SFL Ship Finance International Limited 4.32%
TDW Tidewater Inc. 4.03%
ULTR Ultrapetrol (Bahamas) Ltd. 3.19%
GNK Genco Shipping & Trading Ltd. 2.89%
ISH International Shipholding Corp. 2.87%
KEX Kirby Corporation 2.78%
GLNG Golar LNG Ltd. 2.26%
TNP Tsakos Energy Navigation Ltd. 2.14%
SSW Seaspan Corp. 1.71%
SB Safe Bulkers, Inc. 1.64%
GMLP Golar LNG Partners LP 1.40%
TEU Box Ships Inc. 1.09%
GASS StealthGas, Inc. 1.01%
BALT Baltic Trading Limited 0.99%
CKH Seacor Holdings Inc. 0.69%
FREE FreeSeas Inc. 0.00%
GMR General Maritime Corp. 0.00%
NMM Navios Maritime Partners L.P. 0.00%
NEWL NewLead Holdings Ltd. 0.00%
TOPS Top Ships Inc. 0.00%
NM Navios Maritime Holdings Inc. -0.26%
VLCCF Knightsbridge Tankers Limited -0.32%
RLOG Rand Logistics, Inc. -0.45%
ESEA Euroseas, Ltd. -0.74%
EXM Excel Maritime Carriers, Ltd. -1.02%
SBLK Star Bulk Carriers Corp. -1.80%
OSG Overseas Shipholding Group Inc. -2.00%
DRYS DryShips, Inc. -2.07%
TK Teekay Corporation -2.11%
DCIX Diana Containerships Inc. -2.29%
TGP Teekay LNG Partners LP. -2.38%
TOO Teekay Offshore Partners LP -2.67%
TNK Teekay Tankers Ltd. -3.16%
TBSI TBS International PLC -3.57%
ALEX Alexander & Baldwin, Inc. -3.96%
STNG Scorpio Tankers Inc. -6.60%
PRGN Paragon Shipping Inc. -6.67%
GSL Global Ship Lease, Inc. -6.85%
SHIP Seanergy Maritime Holdings Corp. -6.91%
EGLE Eagle Bulk Shipping, Inc. -8.47%
TMM Grupo TMM S.A.B. -10.18%
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