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. Shippers are seeing strong upside in today's trade, as reports suggest many carriers are dropping anchor until rates increase further and Alcoa's earnings surprise may indicate a more accelerated global shipping recovery. DRYS +8.2%, FRO +3.1%, NEWL +72%, FREE +12.1%, EGLE +5.6%, DSX +2%, TNK +3%.
Dry Bulk Shipping Rates- April 11, 2012
Baltic Dry Index ( BDI ) - 944 Up 16
Baltic Cape Index ( BCI ) - 1561 Up 30
Baltic Panamax Index ( BPI ) - 1072 Up 32
Supramax Index ( BSI ) - 925 Down 11
Below these are the Top Shipping Stocks Performance of the day Stocks April 11, 2012.
Ticker Company Change
NEWL NewLead Holdings Ltd. 78.80%
SHIP Seanergy Maritime Holdings Corp. 20.00%
FREE FreeSeas Inc. 16.16%
TOPS Top Ships Inc. 13.33%
DRYS DryShips, Inc. 9.79%
DHT DHT Holdings, Inc. 8.96%
EGLE Eagle Bulk Shipping, Inc. 7.50%
GSL Global Ship Lease, Inc. 7.14%
CMRE Costamare Inc. 5.15%
STNG Scorpio Tankers Inc. 4.70%
EXM Excel Maritime Carriers, Ltd. 4.37%
TNK Teekay Tankers Ltd. 3.09%
TEU Box Ships Inc. 2.92%
SFL Ship Finance International Limited 2.53%
DAC Danaos Corporation 2.46%
RLOG Rand Logistics, Inc. 2.45%
DSX Diana Shipping Inc. 2.39%
NAT Nordic American Tankers Limited 2.35%
FRO Frontline Ltd. 2.33%
TK Teekay Corporation 2.32%
SB Safe Bulkers, Inc. 2.29%
TNP Tsakos Energy Navigation Ltd. 2.28%
GASS StealthGas, Inc. 2.22%
NM Navios Maritime Holdings Inc. 2.19%
DCIX Diana Containerships Inc. 2.17%
ISH International Shipholding Corp. 2.17%
CPLP Capital Product Partners L.P. 2.08%
ULTR Ultrapetrol (Bahamas) Ltd. 2.06%
TRMD TORM A/S 2.00%
TOO Teekay Offshore Partners LP 1.83%
SSW Seaspan Corp. 1.80%
NMM Navios Maritime Partners L.P. 1.60%
PRGN Paragon Shipping Inc. 1.45%
TDW Tidewater Inc. 1.24%
GNK Genco Shipping & Trading Ltd. 1.13%
ESEA Euroseas, Ltd. 1.05%
GLBS Globus Maritime Limited 0.78%
KEX Kirby Corporation 0.65%
CKH Seacor Holdings Inc. 0.62%
VLCCF Knightsbridge Tankers Limited 0.39%
BALT Baltic Trading Limited 0.25%
TGP Teekay LNG Partners LP. 0.21%
GMLP Golar LNG Partners LP 0.11%
OSG Overseas Shipholding Group Inc. -0.29%
ALEX Alexander & Baldwin, Inc. -0.52%
GLNG Golar LNG Ltd. -0.57%
SBLK Star Bulk Carriers Corp. -0.57%
TMM Grupo TMM S.A.B. -1.53%
GLOG GasLog Ltd. -2.00%
NNA Navios Maritime Acquisition Corporation -4.43%
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