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 ) - 771 Up 8
Baltic Cape Index ( BCI ) - 1525 Down 2
Baltic Panamax Index ( BPI) - 844 Up 5
Supramax Index ( BSI ) - 745 Up 13Below these are the Top Shipping Stocks Performance of the Week ended March 4, 2012.
Ticker Company Change (Week)
SSW Seaspan Corp. 16.30%
GLBS Globus Maritime Limited 12.93%
NM Navios Maritime Holdings Inc. 6.19%
NNA Navios Maritime Acquisition Corporation 6.09%
GASS StealthGas, Inc. 5.24%
ALEX Alexander & Baldwin, Inc. 4.88%
STNG Scorpio Tankers Inc. 2.90%
TK Teekay Corporation 2.59%
NMM Navios Maritime Partners L.P. 2.49%
FREE FreeSeas Inc. 2.46%
GMLP Golar LNG Partners LP 2.24%
TMM Grupo TMM S.A.B. 2.22%
TGP Teekay LNG Partners LP. 1.19%
SB Safe Bulkers, Inc. 0.55%
KEX Kirby Corporation 0.47%
CMRE Costamare Inc. 0.41%
CKH Seacor Holdings Inc. -0.52%
VLCCF Knightsbridge Tankers Limited -1.28%
TDW Tidewater Inc. -1.28%
DAC Danaos Corporation -1.41%
TOO Teekay Offshore Partners LP -1.51%
TNP Tsakos Energy Navigation Ltd. -1.52%
FRO Frontline Ltd. -1.81%
SFL Ship Finance International Limited -1.84%
DSX Diana Shipping Inc. -1.84%
SBLK Star Bulk Carriers Corp. -2.05%
TNK Teekay Tankers Ltd. -2.22%
DRYS DryShips, Inc. -2.62%
DCIX Diana Containerships Inc. -2.80%
GNK Genco Shipping & Trading Ltd. -3.57%
ULTR Ultrapetrol (Bahamas) Ltd. -4.26%
RLOG Rand Logistics, Inc. -4.40%
GLNG Golar LNG Ltd. -4.46%
NAT Nordic American Tankers Limited -4.66%
BALT Baltic Trading Limited -5.03%
TEU Box Ships Inc. -5.41%
CPLP Capital Product Partners L.P. -6.06%
ISH International Shipholding Corp. -6.61%
GSL Global Ship Lease, Inc. -8.05%
PRGN Paragon Shipping Inc. -10.54%
EXM Excel Maritime Carriers, Ltd. -11.68%
OSG Overseas Shipholding Group Inc. -11.81%
ESEA Euroseas, Ltd. -12.07%
NEWL NewLead Holdings Ltd. -15.00%
DHT DHT Holdings, Inc. -15.32%
SHIP Seanergy Maritime Holdings Corp. -16.20%
EGLE Eagle Bulk Shipping, Inc. -20.21%
TOPS Top Ships Inc. -20.79%
TRMD TORM A/S -24.00%
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