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- May 06, 2011
Baltic Dry Index ( BDI ) - 1340 Up 26
Baltic Cape Index ( BCI ) - 1566 Up 24
Baltic Panamax Index ( BPI ) - 1769 Up 46
Supramax Index ( BSI ) - 1386 Up 15
Below these are the Top Shipping Stocks Performance of the day Stocks May 06, 2011.
Ticker Company Change
TEU Box Ships Inc. Common Shares -4.12%
OCNF OceanFreight, Inc. -3.42%
FREE FreeSeas Inc. -2.96%
DCIX Diana Containerships Inc. -2.82%
HOS Hornbeck Offshore Services, Inc. -2.19%
SSW Seaspan Corp. -1.57%
DAC Danaos Corporation -1.04%
ESEA Euroseas, Ltd. -0.97%
GASS StealthGas, Inc. -0.87%
PRGN Paragon Shipping Inc. -0.68%
GMR General Maritime Corp. -0.48%
DHT DHT Holdings, Inc. -0.48%
FRO Frontline Ltd. -0.33%
TRMD TORM A/S -0.16%
ONAV Omega Navigation Enterprises, Inc. -0.14%
TNK Teekay Tankers Ltd. -0.11%
TNP Tsakos Energy Navigation Ltd. -0.10%
STNG Scorpio Tankers Inc. -0.09%
ALEX Alexander & Baldwin, Inc. -0.04%
BHO B+H Ocean Carriers Ltd. 0.00%
CMRE Costamare Inc. 0.00%
GLBS Globus Maritime Ltd. 0.00%
NEWL NewLead Holdings Ltd. 0.00%
TMM Grupo TMM S.A.B. 0.00%
KSP K-SEA Transportation Partners LP 0.12%
TOO Teekay Offshore Partners LP 0.14%
SFL Ship Finance International Limited 0.24%
RLOG Rand Logistics, Inc. 0.27%
GMLP Golar LNG Partners LP 0.33%
TDW Tidewater Inc. 0.35%
KEX Kirby Corporation 0.42%
SBLK Star Bulk Carriers Corp. 0.43%
DSX Diana Shipping Inc. 0.54%
VLCCF Knightsbridge Tankers Limited 0.54%
DRYS DryShips, Inc. 0.66%
CKH Seacor Holdings Inc. 0.68%
NMM Navios Maritime Partners L.P. 0.71%
GLNG Golar LNG Ltd. 0.86%
SB Safe Bulkers, Inc. 0.89%
EGLE Eagle Bulk Shipping, Inc. 0.97%
ISH International Shipholding Corp. 1.01%
CPLP Capital Product Partners L.P. 1.20%
NAT Nordic American Tanker Shipping Ltd. 1.30%
TRBR Trailer Bridge Inc. 1.33%
TK Teekay Corporation 1.39%
OSG Overseas Shipholding Group Inc. 1.40%
GSL Global Ship Lease, Inc. 1.58%
TGP Teekay LNG Partners LP. 1.62%
HRZ Horizon Lines, Inc. 1.75%
NM Navios Maritime Holdings Inc. 2.10%
TBSI TBS International Plc 4.27%
BALT Baltic Trading Limited 4.29%
EXM Excel Maritime Carriers, Ltd. 4.33%
ULTR Ultrapetrol (Bahamas) Ltd. 4.55%
GNK Genco Shipping & Trading Ltd. 6.44%
TOPS Top Ships Inc. 7.07%
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