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- April 26, 2011
Baltic Dry Index ( BDI ) - 1250 Down 4
Baltic Cape Index ( BCI ) - 1546 Up 6
Baltic Panamax Index ( BPI ) - 1364 Down 13
Supramax Index ( BSI ) - 1392 Down 9
Below these are the Top Shipping Stocks Performance of the day Stocks April 26, 2011.
Ticker Company Change
TOPS Top Ships Inc. 7.14%
HRZ Horizon Lines, Inc. 6.51%
ONAV Omega Navigation Enterprises, Inc. 5.13%
PRGN Paragon Shipping Inc. 2.84%
NM Navios Maritime Holdings Inc. 2.40%
TEU Box Ships Inc. Common Shares 2.06%
TRMD TORM A/S 2.03%
GMLP Golar LNG Partners LP 1.50%
GMR General Maritime Corp. 1.42%
EXM Excel Maritime Carriers, Ltd. 1.38%
FREE FreeSeas Inc. 1.19%
TBSI TBS International Plc 1.17%
EGLE Eagle Bulk Shipping, Inc. 0.89%
KEX Kirby Corporation 0.85%
ALEX Alexander & Baldwin, Inc. 0.77%
BALT Baltic Trading Limited 0.74%
FRO Frontline Ltd. 0.73%
RLOG Rand Logistics, Inc. 0.64%
NMM Navios Maritime Partners L.P. 0.62%
SFL Ship Finance International Limited 0.60%
NEWL NewLead Holdings Ltd. 0.50%
ESEA Euroseas, Ltd. 0.47%
TNP Tsakos Energy Navigation Ltd. 0.32%
HOS Hornbeck Offshore Services, Inc. 0.32%
VLCCF Knightsbridge Tankers Limited 0.26%
ISH International Shipholding Corp. 0.25%
KSP K-SEA Transportation Partners LP 0.25%
SB Safe Bulkers, Inc. 0.24%
CKH Seacor Holdings Inc. 0.10%
TOO Teekay Offshore Partners LP 0.10%
TNK Teekay Tankers Ltd. 0.10%
STNG Scorpio Tankers Inc. 0.00%
BHO B+H Ocean Carriers Ltd. 0.00%
GLBS Globus Maritime Ltd. 0.00%
TGP Teekay LNG Partners LP. -0.05%
DSX Diana Shipping Inc. -0.11%
GNK Genco Shipping & Trading Ltd. -0.12%
NAT Nordic American Tanker Shipping Ltd. -0.13%
DRYS DryShips, Inc. -0.22%
DHT DHT Holdings, Inc. -0.23%
GLNG Golar LNG Ltd. -0.33%
DAC Danaos Corporation -0.34%
OSG Overseas Shipholding Group Inc. -0.35%
DCIX Diana Containerships Inc. -0.39%
SBLK Star Bulk Carriers Corp. -0.43%
ULTR Ultrapetrol (Bahamas) Ltd. -0.52%
CPLP Capital Product Partners L.P. -0.54%
TDW Tidewater Inc. -0.57%
TK Teekay Corporation -0.72%
TRBR Trailer Bridge Inc. -0.74%
CMRE Costamare Inc. -0.87%
OCNF OceanFreight, Inc. -1.11%
SSW Seaspan Corp. -1.48%
GASS StealthGas, Inc. -1.63%
TMM Grupo TMM S.A.B. -3.54%
GSL Global Ship Lease, Inc. -3.63%
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