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 ) - 877 Up 5
Baltic Cape Index ( BCI ) - 1223 Down 9
Baltic Panamax Index ( BPI) - 914 Up 32
Supramax Index ( BSI ) - 1000 Down 1Below these are the Top Shipping Stocks Performance of the Week ended June 8, 2012.
Ticker Company Change (Week)
RLOG Rand Logistics, Inc. 18.95%
ULTR Ultrapetrol (Bahamas) Ltd. 12.95%
NAT Nordic American Tankers Limited 9.31%
DHT DHT Holdings, Inc. 7.94%
OSG Overseas Shipholding Group Inc. 7.78%
TK Teekay Corporation 5.28%
TNK Teekay Tankers Ltd. 5.05%
TDW Tidewater Inc. 4.97%
ALEX Alexander & Baldwin, Inc. 4.80%
DCIX Diana Containerships Inc. 4.78%
GLOG GasLog Ltd. 4.55%
GSL Global Ship Lease, Inc. 4.53%
GASS StealthGas, Inc. 4.32%
SFL Ship Finance International Limited 4.22%
CMRE Costamare Inc. 3.66%
GNK Genco Shipping & Trading Ltd. 3.31%
EGLE Eagle Bulk Shipping, Inc. 3.27%
GLNG Golar LNG Ltd. 3.15%
SSW Seaspan Corp. 3.09%
STNG Scorpio Tankers Inc. 2.96%
NMM Navios Maritime Partners L.P. 2.95%
SHIP Seanergy Maritime Holdings Corp. 2.76%
PRGN Paragon Shipping Inc. 1.82%
DAC Danaos Corporation 1.76%
FREE FreeSeas Inc. 1.19%
ISH International Shipholding Corp. 1.06%
CPLP Capital Product Partners L.P. 0.92%
NM Navios Maritime Holdings Inc. 0.92%
CKH Seacor Holdings Inc. 0.78%
TOO Teekay Offshore Partners LP 0.29%
DRYS DryShips, Inc. 0.00%
TNP Tsakos Energy Navigation Ltd. -0.20%
KEX Kirby Corporation -0.57%
SB Safe Bulkers, Inc. -0.78%
TGP Teekay LNG Partners LP. -0.79%
TEU Box Ships Inc. -1.39%
GMLP Golar LNG Partners LP -1.75%
ESEA Euroseas, Ltd. -2.52%
NEWL NewLead Holdings Ltd. -2.80%
EXM Excel Maritime Carriers, Ltd. -2.90%
FRO Frontline Ltd. -3.28%
TOPS Top Ships Inc. -3.62%
SBLK Star Bulk Carriers Corp. -3.95%
VLCCF Knightsbridge Tankers Limited -4.20%
DSX Diana Shipping Inc. -4.94%
TMM Grupo TMM S.A.B. -5.03%
TRMD TORM A/S -5.85%
NNA Navios Maritime Acquisition Corporation -6.59%
BALT Baltic Trading Limited -9.89%
GLBS Globus Maritime Limited -13.57%
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