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. Low demand for coal in China will cut into demand for shipping, according to analysts. It's not the news that was needed to be heard in an industry already suffering from a significant oversupply of vessels. On watch: DRYS, PRGN, DSX
Baltic Dry Index ( BDI ) - 1162 Up 5
Baltic Cape Index ( BCI ) - 15.01 Up 8
Baltic Panamax Index ( BPI ) - 1145 Up 16
Supramax Index ( BSI ) - 1299 Up 3
Below these are the Top Shipping Stocks Performance of the day Stocks July 9, 2012.
Ticker Company Change
NEWL NewLead Holdings Ltd. 3.73%
RLOG Rand Logistics, Inc. 3.05%
ALEX Alexander & Baldwin, Inc. 2.82%
CKH Seacor Holdings Inc. 1.63%
ULTR Ultrapetrol (Bahamas) Ltd. 1.56%
CPLP Capital Product Partners L.P. 0.90%
BALT Baltic Trading Limited 0.83%
TGP Teekay LNG Partners LP. 0.68%
ISH International Shipholding Corp. 0.21%
TDW Tidewater Inc. 0.19%
TOO Teekay Offshore Partners LP 0.07%
NNA Navios Maritime Acquisition Corporation 0.00%
FREE FreeSeas Inc. 0.00%
KEX Kirby Corporation -0.06%
CMRE Costamare Inc. -0.07%
TK Teekay Corporation -0.34%
TEU Box Ships Inc. -0.48%
GLNG Golar LNG Ltd. -0.62%
DCIX Diana Containerships Inc. -0.92%
GLBS Globus Maritime Limited -1.01%
OSG Overseas Shipholding Group Inc. -1.05%
SFL Ship Finance International Limited -1.20%
SB Safe Bulkers, Inc. -1.43%
DHT DHT Holdings, Inc. -1.49%
ESEA Euroseas, Ltd. -1.60%
NAT Nordic American Tankers Limited -1.61%
NMM Navios Maritime Partners L.P. -1.74%
EXM Excel Maritime Carriers, Ltd. -1.79%
PRGN Paragon Shipping Inc. -1.82%
SHIP Seanergy Maritime Holdings Corp. -1.86%
TNK Teekay Tankers Ltd. -2.09%
TOPS Top Ships Inc. -2.17%
GASS StealthGas, Inc. -2.19%
GLOG GasLog Ltd. -2.24%
VLCCF Knightsbridge Tankers Limited -2.27%
DSX Diana Shipping Inc. -2.33%
FRO Frontline Ltd. -2.48%
EGLE Eagle Bulk Shipping, Inc. -2.69%
SSW Seaspan Corp. -2.79%
TRMD TORM A/S -3.12%
GNK Genco Shipping & Trading Ltd. -3.15%
STNG Scorpio Tankers Inc. -3.19%
DAC Danaos Corporation -3.23%
GSL Global Ship Lease, Inc. -3.25%
GMLP Golar LNG Partners LP -3.50%
NM Navios Maritime Holdings Inc. -3.51%
TNP Tsakos Energy Navigation Ltd. -4.42%
DRYS DryShips, Inc. -4.47%
SBLK Star Bulk Carriers Corp. -6.41%
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