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 09, 2011
Baltic Dry Index ( BDI ) - 1314 Down 4
Baltic Cape Index ( BCI ) - 1529 Down 28
Baltic Panamax Index ( BPI ) - 1821 Up23
Supramax Index ( BSI ) - 1403 Up 6
Below these are the Top Shipping Stocks Performance of the day Stocks May 10, 2011.
Ticker Company Change
TNK Teekay Tankers Ltd. 4.09%
EGLE Eagle Bulk Shipping, Inc. 3.55%
GMLP Golar LNG Partners LP 3.17%
RLOG Rand Logistics, Inc. 3.00%
DAC Danaos Corporation 2.63%
SSW Seaspan Corp. 2.60%
TK Teekay Corporation 2.01%
DHT DHT Holdings, Inc. 1.94%
OSG Overseas Shipholding Group Inc. 1.88%
GMR General Maritime Corp. 1.64%
DSX Diana Shipping Inc. 1.61%
NMM Navios Maritime Partners L.P. 1.55%
NM Navios Maritime Holdings Inc. 1.42%
GNK Genco Shipping & Trading Ltd. 1.22%
ISH International Shipholding Corp. 1.12%
BALT Baltic Trading Limited 1.11%
DRYS DryShips, Inc. 1.09%
SFL Ship Finance International Limited 1.04%
HOS Hornbeck Offshore Services, Inc. 1.03%
TOO Teekay Offshore Partners LP 1.02%
ESEA Euroseas, Ltd. 0.94%
EXM Excel Maritime Carriers, Ltd. 0.74%
TGP Teekay LNG Partners LP. 0.64%
KEX Kirby Corporation 0.63%
TDW Tidewater Inc. 0.61%
CMRE Costamare Inc. 0.59%
SBLK Star Bulk Carriers Corp. 0.42%
SB Safe Bulkers, Inc. 0.37%
CKH Seacor Holdings Inc. 0.22%
FREE FreeSeas Inc. 0.16%
FRO Frontline Ltd. 0.14%
KSP K-SEA Transportation Partners LP 0.13%
GLNG Golar LNG Ltd. 0.10%
CPLP Capital Product Partners L.P. 0.10%
BHO B+H Ocean Carriers Ltd. 0.00%
NEWL NewLead Holdings Ltd. 0.00%
PRGN Paragon Shipping Inc. 0.00%
TEU Box Ships Inc. Common Shares 0.00%
TBSI TBS International Plc 0.00%
TOPS Top Ships Inc. 0.00%
TRBR Trailer Bridge Inc. 0.00%
NAT Nordic American Tanker Shipping Ltd. -0.25%
VLCCF Knightsbridge Tankers Limited -0.26%
TRMD TORM A/S -0.34%
TNP Tsakos Energy Navigation Ltd. -0.38%
ALEX Alexander & Baldwin, Inc. -0.40%
GSL Global Ship Lease, Inc. -0.45%
STNG Scorpio Tankers Inc. -0.45%
ULTR Ultrapetrol (Bahamas) Ltd. -0.56%
OCNF OceanFreight, Inc. -1.27%
GASS StealthGas, Inc. -1.68%
ONAV Omega Navigation Enterprises, Inc. -2.09%
GLBS Globus Maritime Ltd. -5.26%
DCIX Diana Containerships Inc. -5.46%
TMM Grupo TMM S.A.B. -10.00%
HRZ Horizon Lines, Inc. -12.09%
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