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. Dennis Gartman says he’s pulling back on stocks after the big run-up: "The time’s come to be defensive for the next several weeks... We shall strongly urge those who are long to become less so, taking defensive actions where necessary to reduce exposures." But Gartman still likes shipping companies, even as the sector surges, notably DRYS +7.8%, DSX +3.7%, GNK +2.8%.
Dry Bulk Shipping Rates- February 14, 2012
Baltic Dry Index ( BDI ) - 734 Up 5
Baltic Cape Index ( BCI ) - 1468 Up 5
Baltic Panamax Index ( BPI ) - 1015 Up 10
Supramax Index ( BSI ) - 652 Up 1
Below these are the Top Shipping Stocks Performance of the day Stocks November 14 2011.
Ticker Company Change
NEWL NewLead Holdings Ltd. 43.34%
FREE FreeSeas Inc. 40.00%
PRGN Paragon Shipping Inc. 22.88%
SHIP Seanergy Maritime Holdings Corp. 18.89%
TOPS Top Ships Inc. 16.02%
EGLE Eagle Bulk Shipping, Inc. 15.68%
TRMD TORM A/S 13.97%
DRYS DryShips, Inc. 13.47%
OSG Overseas Shipholding Group Inc. 8.96%
BALT Baltic Trading Limited 7.23%
EXM Excel Maritime Carriers, Ltd. 7.07%
SBLK Star Bulk Carriers Corp. 7.02%
FRO Frontline Ltd. 6.55%
DSX Diana Shipping Inc. 6.30%
NM Navios Maritime Holdings Inc. 6.17%
GLNG Golar LNG Ltd. 5.81%
GNK Genco Shipping & Trading Ltd. 5.55%
DAC Danaos Corporation 4.64%
TK Teekay Corporation 3.19%
TBSI TBS International PLC 3.13%
SB Safe Bulkers, Inc. 3.12%
ESEA Euroseas, Ltd. 2.95%
TEU Box Ships Inc. 2.57%
DCIX Diana Containerships Inc. 2.22%
NAT Nordic American Tankers Limited 1.89%
TNP Tsakos Energy Navigation Ltd. 1.73%
SFL Ship Finance International Limited 1.69%
NMM Navios Maritime Partners L.P. 1.55%
TMM Grupo TMM S.A.B. 1.48%
GLBS Globus Maritime Limited 1.46%
VLCCF Knightsbridge Tankers Limited 1.28%
CMRE Costamare Inc. 1.27%
TNK Teekay Tankers Ltd. 0.97%
GASS StealthGas, Inc. 0.66%
KEX Kirby Corporation 0.44%
ULTR Ultrapetrol (Bahamas) Ltd. 0.30%
GMLP Golar LNG Partners LP 0.27%
TGP Teekay LNG Partners LP. 0.24%
CKH Seacor Holdings Inc. 0.16%
TDW Tidewater Inc. 0.02%
RLOG Rand Logistics, Inc. 0.00%
ISH International Shipholding Corp. 0.00%
DHT DHT Holdings, Inc. -0.16%
SSW Seaspan Corp. -0.58%
CPLP Capital Product Partners L.P. -0.77%
TOO Teekay Offshore Partners LP -0.85%
STNG Scorpio Tankers Inc. -1.14%
GSL Global Ship Lease, Inc. -2.14%
NNA Navios Maritime Acquisition Corporation -3.90%
ALEX Alexander & Baldwin, Inc. -5.43%
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