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.
Baltic Dry Index ( BDI ) - 718 Up 12
Baltic Cape Index ( BCI ) - 1504 Up 33
Baltic Panamax Index ( BPI) - 836 Down 13
Supramax Index ( BSI ) - 662 Up 15Below these are the Top Shipping Stocks Performance of the Week ended February 26, 2012.
Ticker Company Change (Week)
TOPS Top Ships Inc. 44.25%
SHIP Seanergy Maritime Holdings Corp. 24.61%
FRO Frontline Ltd. 13.76%
TEU Box Ships Inc. 11.48%
SFL Ship Finance International Limited 9.76%
SSW Seaspan Corp. 7.99%
RLOG Rand Logistics, Inc. 7.07%
GLBS Globus Maritime Limited 6.91%
TNK Teekay Tankers Ltd. 6.12%
DAC Danaos Corporation 5.69%
ISH International Shipholding Corp. 4.15%
GMLP Golar LNG Partners LP 3.75%
TMM Grupo TMM S.A.B. 3.45%
KEX Kirby Corporation 2.97%
STNG Scorpio Tankers Inc. 2.48%
TGP Teekay LNG Partners LP. 2.13%
GASS StealthGas, Inc. 1.92%
TK Teekay Corporation 1.84%
DRYS DryShips, Inc. 1.69%
NAT Nordic American Tankers Limited 0.83%
CPLP Capital Product Partners L.P. 0.78%
ESEA Euroseas, Ltd. 0.24%
DHT DHT Holdings, Inc. 0.00%
CKH Seacor Holdings Inc. -0.05%
TOO Teekay Offshore Partners LP -0.17%
TNP Tsakos Energy Navigation Ltd. -0.30%
TDW Tidewater Inc. -0.43%
BALT Baltic Trading Limited -0.44%
VLCCF Knightsbridge Tankers Limited -0.73%
SB Safe Bulkers, Inc. -0.95%
NNA Navios Maritime Acquisition Corporation -1.43%
NMM Navios Maritime Partners L.P. -1.53%
CMRE Costamare Inc. -2.14%
ALEX Alexander & Baldwin, Inc. -2.45%
TRMD TORM A/S -2.60%
DCIX Diana Containerships Inc. -3.00%
SBLK Star Bulk Carriers Corp. -3.29%
PRGN Paragon Shipping Inc. -3.68%
GLNG Golar LNG Ltd. -5.08%
DSX Diana Shipping Inc. -5.44%
GSL Global Ship Lease, Inc. -6.79%
EXM Excel Maritime Carriers, Ltd. -7.51%
ULTR Ultrapetrol (Bahamas) Ltd. -8.14%
NM Navios Maritime Holdings Inc. -9.35%
OSG Overseas Shipholding Group Inc. -9.48%
EGLE Eagle Bulk Shipping, Inc. -11.32%
TBSI TBS International PLC -15.38%
FREE FreeSeas Inc. -15.86%
GNK Genco Shipping & Trading Ltd. -21.44%
NEWL NewLead Holdings Ltd. -28.57%
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