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 ) - 908 Up 8
Baltic Cape Index ( BCI ) - 1369 Down 15
Baltic Panamax Index ( BPI) - 1036 Up 10
Supramax Index ( BSI ) - 1035 Up 11Below these are the Top Shipping Stocks Performance of the Week ended March 23, 2012.
Ticker Company Change (Week)
NEWL NewLead Holdings Ltd. 41.60%
TNP Tsakos Energy Navigation Ltd. 4.71%
GASS StealthGas, Inc. 3.98%
CPLP Capital Product Partners L.P. 2.96%
STNG Scorpio Tankers Inc. 2.69%
EGLE Eagle Bulk Shipping, Inc. 2.27%
TMM Grupo TMM S.A.B. 2.13%
GSL Global Ship Lease, Inc. 2.06%
TEU Box Ships Inc. 1.71%
TGP Teekay LNG Partners LP. 1.53%
NNA Navios Maritime Acquisition Corporation 1.49%
TK Teekay Corporation 1.47%
RLOG Rand Logistics, Inc. 0.94%
GMLP Golar LNG Partners LP 0.87%
ISH International Shipholding Corp. 0.71%
NMM Navios Maritime Partners L.P. 0.54%
TNK Teekay Tankers Ltd. 0.00%
PRGN Paragon Shipping Inc. -1.16%
DCIX Diana Containerships Inc. -1.61%
NM Navios Maritime Holdings Inc. -1.63%
ESEA Euroseas, Ltd. -1.68%
TOO Teekay Offshore Partners LP -2.31%
CKH Seacor Holdings Inc. -2.43%
KEX Kirby Corporation -2.73%
VLCCF Knightsbridge Tankers Limited -2.91%
TDW Tidewater Inc. -2.92%
BALT Baltic Trading Limited -2.93%
NAT Nordic American Tankers Limited -3.27%
SFL Ship Finance International Limited -3.77%
SB Safe Bulkers, Inc. -3.78%
GLBS Globus Maritime Limited -4.31%
ALEX Alexander & Baldwin, Inc. -4.73%
DSX Diana Shipping Inc. -4.82%
GNK Genco Shipping & Trading Ltd. -5.00%
TOPS Top Ships Inc. -5.24%
TRMD TORM A/S -5.29%
GLNG Golar LNG Ltd. -5.72%
FRO Frontline Ltd. -6.67%
SBLK Star Bulk Carriers Corp. -6.93%
DRYS DryShips, Inc. -7.14%
DAC Danaos Corporation -7.53%
CMRE Costamare Inc. -8.86%
EXM Excel Maritime Carriers, Ltd. -9.05%
SSW Seaspan Corp. -9.14%
SHIP Seanergy Maritime Holdings Corp. -10.58%
ULTR Ultrapetrol (Bahamas) Ltd. -11.57%
OSG Overseas Shipholding Group Inc. -12.47%
FREE FreeSeas Inc. -16.28%
DHT DHT Holdings, Inc. -17.60%
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