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- January 27, 2012
Baltic Dry Index ( BDI ) - 726 Down 27
Baltic Cape Index ( BCI ) - 1465 Down 12
Baltic Panamax Index ( BPI) - 815 Down 48
Supramax Index ( BSI ) - 695 Down 26Below these are the Top Shipping Stocks Performance of the Week ended January 29, 2012.
Ticker Company Change (Week)
TBSI TBS International PLC 25.00%
NEWL NewLead Holdings Ltd. 22.81%
SBLK Star Bulk Carriers Corp. 21.74%
EGLE Eagle Bulk Shipping, Inc. 18.18%
DHT DHT Holdings, Inc. 11.54%
TMM Grupo TMM S.A.B. 10.00%
SB Safe Bulkers, Inc. 9.15%
TRMD TORM A/S 8.96%
FRO Frontline Ltd. 8.86%
FREE FreeSeas Inc. 6.79%
TNP Tsakos Energy Navigation Ltd. 6.32%
TOO Teekay Offshore Partners LP 5.37%
CPLP Capital Product Partners L.P. 4.62%
GMLP Golar LNG Partners LP 4.52%
ISH International Shipholding Corp. 4.38%
VLCCF Knightsbridge Tankers Limited 4.26%
DAC Danaos Corporation 3.45%
ALEX Alexander & Baldwin, Inc. 2.85%
TGP Teekay LNG Partners LP. 2.67%
ESEA Euroseas, Ltd. 2.56%
NMM Navios Maritime Partners L.P. 2.01%
NM Navios Maritime Holdings Inc. 1.93%
TNK Teekay Tankers Ltd. 1.77%
TDW Tidewater Inc. 1.30%
NAT Nordic American Tankers Limited 0.86%
RLOG Rand Logistics, Inc. 0.72%
SFL Ship Finance International Limited 0.53%
TK Teekay Corporation -0.04%
GLNG Golar LNG Ltd. -0.29%
NNA Navios Maritime Acquisition Corporation -0.33%
GLBS Globus Maritime Limited -0.46%
DSX Diana Shipping Inc. -1.18%
CKH Seacor Holdings Inc. -1.19%
DCIX Diana Containerships Inc. -1.28%
SSW Seaspan Corp. -1.42%
TEU Box Ships Inc. -1.67%
PRGN Paragon Shipping Inc. -1.71%
STNG Scorpio Tankers Inc. -2.24%
CMRE Costamare Inc. -2.47%
KEX Kirby Corporation -3.33%
OSG Overseas Shipholding Group Inc. -3.92%
GNK Genco Shipping & Trading Ltd. -4.13%
ULTR Ultrapetrol (Bahamas) Ltd. -4.95%
GASS StealthGas, Inc. -6.17%
DRYS DryShips, Inc. -6.36%
TOPS Top Ships Inc. -7.10%
BALT Baltic Trading Limited -8.04%
EXM Excel Maritime Carriers, Ltd. -8.75%
SHIP Seanergy Maritime Holdings Corp. -8.86%
GSL Global Ship Lease, Inc. -9.95%
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