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.
Dry Bulk Shipping Rates- September 19, 2013
Baltic Dry Index ( BDI ) - 1860 Up 38
Baltic Cape Index ( BCI ) - 3924 Up86
Baltic Panamax Index ( BPI ) - 91415 Up 30
Supramax Index ( BSI ) - 951 Up 9
Dry bulkers up as shipping rates continue to rally.
The seemingly perpetual ascent of shipping rates continues, with capesize rates hitting $36,388, the highest level since at least November of 2010.
The usual suspects are all markedly higher: GNK +1.5%, EGLE
+12.2%, DRYS +9.1%, SBLK +1.3%, DSX +4%, BALT
+3%, SB +1.8%, NM +1.2%, FREE +23%
ETF - SEA +0.3%
Below these are the Top Shipping Stocks Performance of the day Stocks September 19, 2013.
Ticker Company Change
EGLE Eagle Bulk Shipping, Inc. 23.89%
SHIP Seanergy
Maritime Holdings Corp. 19.33%
ESEA Euroseas, Ltd. 17.01%
FREE FreeSeas Inc. 16.11%
PRGN Paragon Shipping Inc. 11.88%
DRYS DryShips, Inc. 11.24%
GNK Genco Shipping
& Trading Ltd. 10.80%
FRO Frontline Ltd. 8.34%
TOO Teekay Offshore Partners LP 5.21%
DSX Diana Shipping
Inc. 4.73%
DHT DHT Holdings,
Inc. 4.26%
SB Safe Bulkers,
Inc. 3.99%
BALT Baltic Trading Limited 3.94%
GSL Global Ship
Lease, Inc. 3.73%
DCIX Diana
Containerships Inc. 3.50%
NAT Nordic American Tankers Limited 3.44%
CMRE Costamare Inc. 3.18%
NM Navios Maritime
Holdings Inc. 3.06%
VLCCF Knightsbridge Tankers Limited 2.99%
TNP Tsakos Energy
Navigation Ltd. 2.81%
SBLK Star Bulk
Carriers Corp. 2.54%
TGP Teekay LNG Partners LP. 2.25%
TEU Box Ships Inc. 1.66%
CPLP Capital Product
Partners L.P. 1.63%
NMM Navios Maritime
Partners L.P. 1.35%
KEX Kirby Corporation 0.98%
GLOG GasLog Ltd. 0.95%
TK Teekay
Corporation 0.50%
GLNG Golar LNG Ltd. 0.30%
TNK Teekay Tankers
Ltd. 0.00%
NNA Navios Maritime
Acquisition Corporation -0.27%
SFL Ship Finance
International Limited -0.72%
STNG Scorpio Tankers
Inc. -0.90%
ASC Ardmore Shipping
Corporation -3.95%
NEWL NewLead Holdings
Ltd. -12.44%
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