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 stocks showed strong gains, led by Genco (GNK +12.3%) and DryShips (DRYS +8.7%) as capesize shipping rates have doubled to $7,569/day since Friday. The Baltic Dry Index is up 15% since Friday following recent developments in Europe; many dry bulk shippers are based out of Greece.
Baltic Dry Index ( BDI ) - 1138 Up 35
Baltic Cape Index ( BCI ) - 1455 Up 86
Baltic Panamax Index ( BPI ) - 1090 Up 39
Supramax Index ( BSI ) - 1293 Up 9
Below these are the Top Shipping Stocks Performance of the day Stocks July 5, 2012.
Ticker Company Change
ALEX Alexander & Baldwin, Inc. 13.27%
GNK Genco Shipping & Trading Ltd. 12.34%
SHIP Seanergy Maritime Holdings Corp. 12.20%
DRYS DryShips, Inc. 8.66%
BALT Baltic Trading Limited 6.30%
NNA Navios Maritime Acquisition Corporation 4.53%
EGLE Eagle Bulk Shipping, Inc. 4.29%
FREE FreeSeas Inc. 3.44%
NEWL NewLead Holdings Ltd. 2.84%
ESEA Euroseas, Ltd. 2.50%
CMRE Costamare Inc. 1.79%
GLOG GasLog Ltd. 1.68%
VLCCF Knightsbridge Tankers Limited 1.67%
TOO Teekay Offshore Partners LP 1.64%
DHT DHT Holdings, Inc. 1.59%
NM Navios Maritime Holdings Inc. 1.45%
NMM Navios Maritime Partners L.P. 1.24%
GSL Global Ship Lease, Inc. 0.90%
CPLP Capital Product Partners L.P. 0.77%
SB Safe Bulkers, Inc. 0.64%
TK Teekay Corporation 0.58%
FRO Frontline Ltd. 0.43%
STNG Scorpio Tankers Inc. 0.30%
DCIX Diana Containerships Inc. 0.13%
CKH Seacor Holdings Inc. 0.12%
GMLP Golar LNG Partners LP 0.12%
EXM Excel Maritime Carriers, Ltd. 0.00%
SBLK Star Bulk Carriers Corp. 0.00%
TGP Teekay LNG Partners LP. -0.15%
GASS StealthGas, Inc. -0.34%
TNP Tsakos Energy Navigation Ltd. -0.38%
TNK Teekay Tankers Ltd. -0.45%
ISH International Shipholding Corp. -0.56%
RLOG Rand Logistics, Inc. -0.59%
SFL Ship Finance International Limited -0.75%
TDW Tidewater Inc. -0.79%
NAT Nordic American Tankers Limited -0.80%
KEX Kirby Corporation -1.00%
TOPS Top Ships Inc. -1.20%
TEU Box Ships Inc. -1.22%
TRMD TORM A/S -1.25%
GLBS Globus Maritime Limited -1.34%
GLNG Golar LNG Ltd. -1.48%
OSG Overseas Shipholding Group Inc. -1.74%
DAC Danaos Corporation -2.12%
SSW Seaspan Corp. -2.60%
DSX Diana Shipping Inc. -2.97%
PRGN Paragon Shipping Inc. -3.20%
ULTR Ultrapetrol (Bahamas) Ltd. -4.38%
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