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 13, 2012
Baltic Dry Index ( BDI ) - 1053 Down 52
Baltic Cape Index ( BCI ) - 1723 Down 75
Baltic Panamax Index ( BPI) - 1264 Down 74
Supramax Index ( BSI ) - 971 Down 28Below these are the Top Shipping Stocks Performance of the Week ended January 15, 2012.
Ticker Company Change (Week)
OSG Overseas Shipholding Group Inc. 19.38%
DCIX Diana Containerships Inc. 14.04%
NAT Nordic American Tankers Limited 12.67%
TNK Teekay Tankers Ltd. 11.08%
CPLP Capital Product Partners L.P. 10.93%
ESEA Euroseas, Ltd. 9.18%
NEWL NewLead Holdings Ltd. 8.72%
FRO Frontline Ltd. 8.47%
ISH International Shipholding Corp. 7.53%
NM Navios Maritime Holdings Inc. 7.47%
EGLE Eagle Bulk Shipping, Inc. 7.07%
GASS StealthGas, Inc. 5.61%
TNP Tsakos Energy Navigation Ltd. 5.33%
SFL Ship Finance International Limited 4.69%
STNG Scorpio Tankers Inc. 4.24%
SSW Seaspan Corp. 3.96%
VLCCF Knightsbridge Tankers Limited 3.84%
GNK Genco Shipping & Trading Ltd. 3.30%
SB Safe Bulkers, Inc. 3.22%
DHT DHT Holdings, Inc. 2.58%
GMLP Golar LNG Partners LP 2.39%
GSL Global Ship Lease, Inc. 2.27%
RLOG Rand Logistics, Inc. 2.24%
NNA Navios Maritime Acquisition Corporation 2.19%
BALT Baltic Trading Limited 2.09%
NMM Navios Maritime Partners L.P. 1.95%
TOO Teekay Offshore Partners LP 1.93%
TK Teekay Corporation 1.50%
ALEX Alexander & Baldwin, Inc. 0.83%
DRYS DryShips, Inc. 0.46%
TGP Teekay LNG Partners LP. 0.29%
EXM Excel Maritime Carriers, Ltd. 0.00%
KEX Kirby Corporation -0.12%
TDW Tidewater Inc. -0.52%
DSX Diana Shipping Inc. -0.88%
CKH Seacor Holdings Inc. -1.26%
CMRE Costamare Inc. -2.08%
TOPS Top Ships Inc. -2.17%
SBLK Star Bulk Carriers Corp. -3.15%
GLBS Globus Maritime Limited -3.78%
ULTR Ultrapetrol (Bahamas) Ltd. -4.04%
PRGN Paragon Shipping Inc. -5.43%
GLNG Golar LNG Ltd. -6.91%
DAC Danaos Corporation -7.16%
TEU Box Ships Inc. -7.55%
SHIP Seanergy Maritime Holdings Corp. -7.55%
TBSI TBS International PLC -10.56%
TMM Grupo TMM S.A.B. -10.90%
FREE FreeSeas Inc. -17.02%
TRMD TORM A/S -28.89%
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