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 29, 2011
Baltic Dry Index ( BDI ) - 1269 Up 10
Baltic Cape Index ( BCI ) - 1564 Down 2
Baltic Panamax Index ( BPI ) - 1450 Up 58
Supramax Index ( BSI ) - 1390 Down 2
Below these are the Top Shipping Stocks Performance of the day Stocks April 29, 2011.
Ticker Company Change
TRMD TORM A/S 2.78%
STNG Scorpio Tankers Inc. 2.64%
GMLP Golar LNG Partners LP 1.71%
TNK Teekay Tankers Ltd. 1.31%
DAC Danaos Corporation 1.29%
TEU Box Ships Inc. Common Shares 0.93%
GASS StealthGas, Inc. 0.83%
OSG Overseas Shipholding Group Inc. 0.69%
ISH International Shipholding Corp. 0.67%
HOS Hornbeck Offshore Services, Inc. 0.59%
CKH Seacor Holdings Inc. 0.57%
ALEX Alexander & Baldwin, Inc. 0.55%
VLCCF Knightsbridge Tankers Limited 0.27%
CPLP Capital Product Partners L.P. 0.27%
SB Safe Bulkers, Inc. 0.25%
TOO Teekay Offshore Partners LP 0.23%
SSW Seaspan Corp. 0.21%
DCIX Diana Containerships Inc. 0.18%
TK Teekay Corporation 0.18%
GSL Global Ship Lease, Inc. 0.16%
TGP Teekay LNG Partners LP. 0.16%
NM Navios Maritime Holdings Inc. 0.00%
SFL Ship Finance International Limited 0.00%
GLBS Globus Maritime Ltd. 0.00%
CMRE Costamare Inc. -0.12%
KEX Kirby Corporation -0.12%
TDW Tidewater Inc. -0.24%
KSP K-SEA Transportation Partners LP -0.24%
FRO Frontline Ltd. -0.27%
NMM Navios Maritime Partners L.P. -0.37%
GNK Genco Shipping & Trading Ltd. -0.48%
NAT Nordic American Tanker Shipping Ltd. -0.52%
TNP Tsakos Energy Navigation Ltd. -0.58%
DSX Diana Shipping Inc. -0.69%
BALT Baltic Trading Limited -0.74%
GLNG Golar LNG Ltd. -0.84%
ULTR Ultrapetrol (Bahamas) Ltd. -1.45%
RLOG Rand Logistics, Inc. -1.83%
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