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- March 8, 2012
Baltic Dry Index ( BDI ) - 812 Up 12
Baltic Cape Index ( BCI ) - 1506 Down 9
Baltic Panamax Index ( BPI ) - 873 Up 15
Supramax Index ( BSI ) - 841 Up 31
Below these are the Top Shipping Stocks Performance of the day Stocks March 9, 2012.
Ticker Company Change
GSL Global Ship Lease, Inc. 7.93%
EGLE Eagle Bulk Shipping, Inc. 7.75%
PRGN Paragon Shipping Inc. 7.20%
ISH International Shipholding Corp. 5.21%
FREE FreeSeas Inc. 5.08%
EXM Excel Maritime Carriers, Ltd. 4.47%
DRYS DryShips, Inc. 4.23%
TOPS Top Ships Inc. 3.88%
CPLP Capital Product Partners L.P. 3.57%
GNK Genco Shipping & Trading Ltd. 3.55%
GLBS Globus Maritime Limited 3.00%
FRO Frontline Ltd. 2.82%
SHIP Seanergy Maritime Holdings Corp. 2.79%
ALEX Alexander & Baldwin, Inc. 2.61%
SB Safe Bulkers, Inc. 2.11%
TK Teekay Corporation 2.00%
BALT Baltic Trading Limited 1.80%
NNA Navios Maritime Acquisition Corporation 1.50%
TDW Tidewater Inc. 1.48%
GLNG Golar LNG Ltd. 1.47%
TGP Teekay LNG Partners LP. 1.45%
CMRE Costamare Inc. 1.40%
KEX Kirby Corporation 1.19%
DSX Diana Shipping Inc. 1.17%
TMM Grupo TMM S.A.B. 1.17%
TNP Tsakos Energy Navigation Ltd. 0.92%
DCIX Diana Containerships Inc. 0.83%
GASS StealthGas, Inc. 0.81%
NAT Nordic American Tankers Limited 0.70%
TNK Teekay Tankers Ltd. 0.67%
CKH Seacor Holdings Inc. 0.61%
STNG Scorpio Tankers Inc. 0.58%
ESEA Euroseas, Ltd. 0.43%
NMM Navios Maritime Partners L.P. 0.38%
NM Navios Maritime Holdings Inc. 0.24%
RLOG Rand Logistics, Inc. 0.23%
TOO Teekay Offshore Partners LP 0.10%
SFL Ship Finance International Limited 0.09%
TEU Box Ships Inc. 0.02%
SSW Seaspan Corp. 0.00%
NEWL NewLead Holdings Ltd. 0.00%
VLCCF Knightsbridge Tankers Limited -0.37%
ULTR Ultrapetrol (Bahamas) Ltd. -0.40%
OSG Overseas Shipholding Group Inc. -0.71%
DAC Danaos Corporation -1.00%
SBLK Star Bulk Carriers Corp. -1.02%
GMLP Golar LNG Partners LP -1.80%
DHT DHT Holdings, Inc. -1.90%
TRMD TORM A/S -2.00%
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
