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- July 10, 2011
Baltic Dry Index ( BDI ) - 1449 Down 4
Baltic Cape Index ( BCI ) - 2115 Down 11
Baltic Panamax Index ( BPI ) - 1684 Up 21
Supramax Index ( BSI ) - 1277 Down 5
Below these are the Top Shipping Stocks Performance of the Week ended July 10, 2011.
Ticker Company Change
TOPSD TOP Ships Inc. 25.00%
NEWL NewLead Holdings Ltd. 20.31%
TBSI TBS International Plc 19.46%
GLNG Golar LNG Ltd. 11.72%
SSW Seaspan Corp. 10.68%
ALEX Alexander & Baldwin, Inc. 6.91%
OCNF OceanFreight, Inc. 6.06%
TMM Grupo TMM S.A.B. 5.17%
HOS Hornbeck Offshore Services, Inc. 5.05%
CKH Seacor Holdings Inc. 4.82%
BHO B+H Ocean Carriers Ltd. 4.18%
SB Safe Bulkers, Inc. 3.67%
TGP Teekay LNG Partners LP. 3.41%
KEX Kirby Corporation 3.23%
EXM Excel Maritime Carriers, Ltd. 2.90%
NMM Navios Maritime Partners L.P. 2.56%
TDW Tidewater Inc. 2.23%
TOO Teekay Offshore Partners LP 2.01%
ISH International Shipholding Corp. 1.60%
VLCCF Knightsbridge Tankers Limited 1.50%
TEU Box Ships Inc. Common Shares 1.21%
GMLP Golar LNG Partners LP 0.95%
RLOG Rand Logistics, Inc. 0.82%
SFL Ship Finance International Limited 0.78%
CPLP Capital Product Partners L.P. 0.66%
CRU Crude Carriers Corp. 0.59%
CMRE Costamare Inc. 0.53%
DSX Diana Shipping Inc. 0.36%
DAC Danaos Corporation 0.36%
TK Teekay Corporation 0.26%
ULTR Ultrapetrol (Bahamas) Ltd. -0.20%
ESEA Euroseas, Ltd. -0.23%
NM Navios Maritime Holdings Inc. -0.39%
SBLK Star Bulk Carriers Corp. -0.48%
FREE FreeSeas Inc. -0.76%
DHT DHT Holdings, Inc. -0.78%
TNP Tsakos Energy Navigation Ltd. -0.80%
OSG Overseas Shipholding Group Inc. -1.00%
DRYS DryShips, Inc. -1.19%
NAT Nordic American Tanker Shipping Ltd. -1.54%
DCIX Diana Containerships Inc. -1.54%
GSL Global Ship Lease, Inc. -1.69%
GASS StealthGas, Inc. -1.87%
GNK Genco Shipping & Trading Ltd. -2.39%
STNG Scorpio Tankers Inc. -2.60%
TNK Teekay Tankers Ltd. -2.77%
PRGN Paragon Shipping Inc. -2.96%
EGLE Eagle Bulk Shipping, Inc. -4.03%
HRZ Horizon Lines, Inc. -4.13%
BALT Baltic Trading Limited -5.23%
GLBS Globus Maritime Ltd. -8.52%
TRMD TORM A/S -8.96%
FRO Frontline Ltd. -9.57%
TRBR Trailer Bridge Inc. -13.71%
GMR General Maritime Corp. -22.22%
SHIPD Seanergy Maritime Holdings Corp -22.88%
ONAV Omega Navigation Enterprises, Inc. -61.36%
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