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 19, 2011
Baltic Dry Index ( BDI ) - 1329 Up 58
Baltic Cape Index ( BCI ) - 1604 Up 145
Baltic Panamax Index ( BPI ) - 1615 Up 18
Supramax Index ( BSI ) - 1408 Up 9
Below these are the Top Shipping Stocks Performance of the day Stocks May 18, 2011.
Ticker Company Change
GLNG Golar LNG Ltd. 7.68%
HRZ Horizon Lines, Inc. 6.32%
NEWL NewLead Holdings Ltd. 5.12%
VLCCF Knightsbridge Tankers Limited 4.59%
GMLP Golar LNG Partners LP 4.50%
TNK Teekay Tankers Ltd. 3.58%
TDW Tidewater Inc. 3.57%
CKH Seacor Holdings Inc. 3.32%
HOS Hornbeck Offshore Services, Inc. 2.99%
ALEX Alexander & Baldwin, Inc. 2.79%
ONAV Omega Navigation Enterprises, Inc. 2.44%
SFL Ship Finance International Limited 2.35%
NMM Navios Maritime Partners L.P. 2.21%
TK Teekay Corporation 2.08%
OSG Overseas Shipholding Group Inc. 2.02%
DHT DHT Holdings, Inc. 1.98%
TOO Teekay Offshore Partners LP 1.84%
KEX Kirby Corporation 1.83%
GASS StealthGas, Inc. 1.82%
TOPS Top Ships Inc. 1.67%
TGP Teekay LNG Partners LP. 1.63%
DSX Diana Shipping Inc. 1.62%
NM Navios Maritime Holdings Inc. 1.56%
GMR General Maritime Corp. 1.55%
ULTR Ultrapetrol (Bahamas) Ltd. 1.34%
DRYS DryShips, Inc. 1.25%
FREE FreeSeas Inc. 1.22%
GNK Genco Shipping & Trading Ltd. 0.94%
BALT Baltic Trading Limited 0.62%
CPLP Capital Product Partners L.P. 0.60%
RLOG Rand Logistics, Inc. 0.59%
NAT Nordic American Tanker Shipping Ltd. 0.55%
TEU Box Ships Inc. Common Shares 0.40%
DCIX Diana Containerships Inc. 0.18%
KSP K-SEA Transportation Partners LP 0.12%
CMRE Costamare Inc. 0.06%
SSW Seaspan Corp. 0.06%
STNG Scorpio Tankers Inc. 0.00%
FRO Frontline Ltd. 0.00%
PRGN Paragon Shipping Inc. 0.00%
GSL Global Ship Lease, Inc. 0.00%
GLBS Globus Maritime Ltd. -0.22%
TNP Tsakos Energy Navigation Ltd. -0.29%
SB Safe Bulkers, Inc. -0.51%
ISH International Shipholding Corp. -0.73%
TBSI TBS International Plc -0.76%
EXM Excel Maritime Carriers, Ltd. -0.87%
DAC Danaos Corporation -1.03%
ESEA Euroseas, Ltd. -1.51%
TMM Grupo TMM S.A.B. -1.96%
SBLK Star Bulk Carriers Corp. -2.21%
OCNF OceanFreight, Inc. -2.27%
TRMD TORM A/S -3.17%
EGLE Eagle Bulk Shipping, Inc. -5.48%
TRBR Trailer Bridge Inc. -14.14%
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