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 Rates June 1, 2012
Baltic Dry Index ( BDI ) - 904 Down 19
Baltic Cape Index ( BCI ) - 1298 Down 21
Baltic Panamax Index ( BPI) - 897 Down 26
Supramax Index ( BSI ) - 1023 Down 11
Below these are the Top Shipping Stocks Performance of the Week ended June 3, 2012.
Ticker Company Change (Week)
TEU Box Ships Inc. 8.23%
NNA Navios Maritime Acquisition Corporation 4.60%
SBLK Star Bulk Carriers Corp. 4.10%
DHT DHT Holdings, Inc. 2.26%
GNK Genco Shipping & Trading Ltd. 1.68%
SFL Ship Finance International Limited 1.13%
NMM Navios Maritime Partners L.P. 0.92%
ULTR Ultrapetrol (Bahamas) Ltd. 0.72%
RLOG Rand Logistics, Inc. 0.53%
DCIX Diana Containerships Inc. 0.28%
TMM Grupo TMM S.A.B. -0.56%
ISH International Shipholding Corp. -0.61%
DAC Danaos Corporation -0.75%
TNP Tsakos Energy Navigation Ltd. -0.79%
GLOG GasLog Ltd. -1.31%
GLNG Golar LNG Ltd. -1.34%
SB Safe Bulkers, Inc. -1.38%
FREE FreeSeas Inc. -1.75%
CKH Seacor Holdings Inc. -2.02%
TOO Teekay Offshore Partners LP -2.33%
STNG Scorpio Tankers Inc. -2.52%
NM Navios Maritime Holdings Inc. -2.69%
GSL Global Ship Lease, Inc. -2.83%
ALEX Alexander & Baldwin, Inc. -2.83%
TGP Teekay LNG Partners LP. -3.29%
SSW Seaspan Corp. -3.47%
DSX Diana Shipping Inc. -3.51%
TRMD TORM A/S -3.53%
CMRE Costamare Inc. -3.53%
TDW Tidewater Inc. -3.56%
GMLP Golar LNG Partners LP -4.74%
PRGN Paragon Shipping Inc. -5.17%
VLCCF Knightsbridge Tankers Limited -5.53%
DRYS DryShips, Inc. -5.78%
TNK Teekay Tankers Ltd. -5.94%
BALT Baltic Trading Limited -5.94%
GASS StealthGas, Inc. -6.00%
TOPS Top Ships Inc. -6.12%
GLBS Globus Maritime Limited -6.23%
CPLP Capital Product Partners L.P. -6.26%
OSG Overseas Shipholding Group Inc. -6.44%
NAT Nordic American Tankers Limited -7.27%
KEX Kirby Corporation -8.28%
TK Teekay Corporation -9.04%
ESEA Euroseas, Ltd. -11.19%
FRO Frontline Ltd. -14.26%
SHIP Seanergy Maritime Holdings Corp. -14.90%
NEWL NewLead Holdings Ltd. -15.88%
EGLE Eagle Bulk Shipping, Inc. -21.87%
EXM Excel Maritime Carriers, Ltd. -24.29%
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