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 15, 2011
Baltic Dry Index ( BDI ) - 1296 Down 13
Baltic Cape Index ( BCI ) - 1564 Down 9
Baltic Panamax Index ( BPI ) - 1514 Down 34
Supramax Index ( BSI ) - 1414 Down 8
Below these are the Top Shipping Stocks Performance of the Week ended April 17, 2011.
Ticker Company Change
ULTR Ultrapetrol (Bahamas) Ltd. 9.44%
TBSI TBS International Plc 7.93%
DCIX Diana Containerships Inc. 5.28%
PRGN Paragon Shipping Inc. 3.91%
STNG Scorpio Tankers Inc. 3.33%
TRMD TORM A/S 2.68%
GLNG Golar LNG Ltd. 2.56%
TMM Grupo TMM S.A.B. 1.65%
NMM Navios Maritime Partners L.P. 1.04%
CKH Seacor Holdings Inc. 0.91%
NEWL NewLead Holdings Ltd. 0.46%
KSP K-SEA Transportation Partners LP 0.25%
CMRE Costamare Inc. -0.39%
GLBS Globus Maritime Ltd. -0.56%
HOS Hornbeck Offshore Services, Inc. -0.62%
SBLK Star Bulk Carriers Corp. -0.84%
ALEX Alexander & Baldwin, Inc. -0.87%
KEX Kirby Corporation -1.00%
HRZ Horizon Lines, Inc. -1.14%
TOPS Top Ships Inc. -1.41%
VLCCF Knightsbridge Tankers Limited -1.45%
TOO Teekay Offshore Partners LP -1.52%
SSW Seaspan Corp. -1.62%
BHO B+H Ocean Carriers Ltd. -1.74%
GASS StealthGas, Inc. -1.83%
TGP Teekay LNG Partners LP. -2.27%
CPLP Capital Product Partners L.P. -2.53%
TNK Teekay Tankers Ltd. -2.64%
DAC Danaos Corporation -2.71%
TDW Tidewater Inc. -2.77%
TNP Tsakos Energy Navigation Ltd. -2.87%
RLOG Rand Logistics, Inc. -3.11%
SFL Ship Finance International Limited -3.15%
ESEA Euroseas, Ltd. -3.29%
GMR General Maritime Corp. -4.22%
DSX Diana Shipping Inc. -4.25%
GSL Global Ship Lease, Inc. -4.28%
FRO Frontline Ltd. -4.42%
TK Teekay Corporation -4.59%
EGLE Eagle Bulk Shipping, Inc. -5.07%
NAT Nordic American Tanker Shipping Ltd. -5.08%
DRYS DryShips, Inc. -5.96%
NM Navios Maritime Holdings Inc. -6.01%
EXM Excel Maritime Carriers, Ltd. -6.14%
DHT DHT Holdings, Inc. -6.58%
FREE FreeSeas Inc. -6.62%
BALT Baltic Trading Limited -6.89%
ISH International Shipholding Corp. -7.21%
GNK Genco Shipping & Trading Ltd. -7.63%
TRBR Trailer Bridge Inc. -7.69%
OSG Overseas Shipholding Group Inc. -10.04%
SB Safe Bulkers, Inc. -11.50%
OCNF OceanFreight, Inc. -15.15%
ONAV Omega Navigation Enterprises, Inc. -23.72%
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