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 21, 2011
Baltic Dry Index ( BDI ) - 1254 Down 8
Baltic Cape Index ( BCI ) - 1540 no change
Baltic Panamax Index ( BPI ) - 1377 Down 38
Supramax Index ( BSI ) - 1401 Down 3
Below these are the Top Shipping Stocks Performance of the Week ended April 24, 2011.
Ticker Company Change
ULTR Ultrapetrol (Bahamas) Ltd. 14.71%
GLNG Golar LNG Ltd. 14.47%
CKH Seacor Holdings Inc. 5.37%
SSW Seaspan Corp. 4.65%
NMM Navios Maritime Partners L.P. 3.65%
TRMD TORM A/S 3.15%
TDW Tidewater Inc. 3.12%
TGP Teekay LNG Partners LP. 2.92%
STNG Scorpio Tankers Inc. 2.32%
CPLP Capital Product Partners L.P. 2.22%
KEX Kirby Corporation 1.69%
TOO Teekay Offshore Partners LP 1.54%
SFL Ship Finance International Limited 0.45%
KSP K-SEA Transportation Partners LP 0.12%
ALEX Alexander & Baldwin, Inc. 0.08%
DCIX Diana Containerships Inc. 0.00%
OCNF OceanFreight, Inc. 0.00%
SBLK Star Bulk Carriers Corp. 0.00%
HOS Hornbeck Offshore Services, Inc. -0.24%
TK Teekay Corporation -0.37%
OSG Overseas Shipholding Group Inc. -0.57%
DRYS DryShips, Inc. -0.64%
SB Safe Bulkers, Inc. -0.84%
CMRE Costamare Inc. -0.91%
NEWL NewLead Holdings Ltd. -1.10%
RLOG Rand Logistics, Inc. -1.13%
GLBS Globus Maritime Ltd. -1.50%
GSL Global Ship Lease, Inc. -1.70%
FREE FreeSeas Inc. -1.95%
TMM Grupo TMM S.A.B. -2.13%
DAC Danaos Corporation -2.19%
ISH International Shipholding Corp. -2.20%
ESEA Euroseas, Ltd. -2.29%
TNP Tsakos Energy Navigation Ltd. -2.62%
TBSI TBS International Plc -2.86%
DHT DHT Holdings, Inc. -2.86%
FRO Frontline Ltd. -2.97%
NM Navios Maritime Holdings Inc. -3.02%
PRGN Paragon Shipping Inc. -3.45%
TNK Teekay Tankers Ltd. -3.54%
DSX Diana Shipping Inc. -3.78%
NAT Nordic American Tanker Shipping Ltd. -4.36%
VLCCF Knightsbridge Tankers Limited -4.60%
ONAV Omega Navigation Enterprises, Inc. -4.67%
EGLE Eagle Bulk Shipping, Inc. -5.06%
BALT Baltic Trading Limited -5.85%
GMR General Maritime Corp. -6.58%
BHO B+H Ocean Carriers Ltd. -6.58%
TRBR Trailer Bridge Inc. -6.94%
EXM Excel Maritime Carriers, Ltd. -8.22%
TOPS Top Ships Inc. -8.41%
GASS StealthGas, Inc. -9.82%
GNK Genco Shipping & Trading Ltd. -17.72%
HRZ Horizon Lines, Inc. -24.06%
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