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 16, 2011
Baltic Dry Index ( BDI ) - 1888 Down 1
Baltic Cape Index ( BCI ) - 3572 Up 1
Baltic Panamax Index ( BPI) - 1775 Up 3
Supramax Index ( BSI ) - 1193 Down 3Below these are the Top Shipping Stocks Performance of the Week ended December 18, 2011.
Ticker Company Change (Week)
SSW Seaspan Corp. 23.13%
CMRE Costamare Inc. 7.73%
FRO Frontline Ltd. 5.22%
ISH International Shipholding Corp. 4.32%
TGP Teekay LNG Partners LP. 3.73%
DCIX Diana Containerships Inc. 1.07%
STNG Scorpio Tankers Inc. 1.01%
DSX Diana Shipping Inc. 0.25%
GMR General Maritime Corp. 0.00%
CKH Seacor Holdings Inc. -0.52%
BALT Baltic Trading Limited -0.59%
EGLE Eagle Bulk Shipping, Inc. -0.93%
TNP Tsakos Energy Navigation Ltd. -0.95%
KEX Kirby Corporation -1.14%
SB Safe Bulkers, Inc. -1.61%
OSG Overseas Shipholding Group Inc. -1.64%
ULTR Ultrapetrol (Bahamas) Ltd. -2.06%
TNK Teekay Tankers Ltd. -2.45%
GMLP Golar LNG Partners LP -2.68%
TK Teekay Corporation -2.86%
GLNG Golar LNG Ltd. -3.02%
NEWL NewLead Holdings Ltd. -3.08%
TOO Teekay Offshore Partners LP -3.74%
GASS StealthGas, Inc. -3.97%
TEU Box Ships Inc. -4.13%
NNA Navios Maritime Acquisition Corporation -4.29%
ALEX Alexander & Baldwin, Inc. -4.76%
PRGN Paragon Shipping Inc. -5.71%
NAT Nordic American Tankers Limited -5.75%
TMM Grupo TMM S.A.B. -6.67%
NMM Navios Maritime Partners L.P. -6.94%
NM Navios Maritime Holdings Inc. -7.07%
VLCCF Knightsbridge Tankers Limited -7.20%
ESEA Euroseas, Ltd. -7.81%
TRMD TORM A/S -8.00%
RLOG Rand Logistics, Inc. -8.18%
TDW Tidewater Inc. -8.35%
CPLP Capital Product Partners L.P. -8.95%
SBLK Star Bulk Carriers Corp. -9.17%
TBSI TBS International PLC -11.11%
GNK Genco Shipping & Trading Ltd. -11.38%
DRYS DryShips, Inc. -11.39%
DAC Danaos Corporation -11.55%
SFL Ship Finance International Limited -12.14%
EXM Excel Maritime Carriers, Ltd. -13.33%
SHIP Seanergy Maritime Holdings Corp. -13.67%
GSL Global Ship Lease, Inc. -14.22%
TOPS Top Ships Inc. -15.77%
DHT DHT Holdings, Inc. -16.27%
FREE FreeSeas Inc. -18.03%
GLBS Globus Maritime Ltd. -28.91%
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