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 25, 2011
Baltic Dry Index ( BDI ) - 1446 Up 48
Baltic Cape Index ( BCI ) - 1759 Up 69
Baltic Panamax Index ( BPI ) - 1832 Up 77
Supramax Index ( BSI ) - 1440 Up 11
Below these are the Top Shipping Stocks Performance of the day Stocks May 25, 2011.
Ticker Company Change
OCNF OceanFreight, Inc. 7.87%
BHO B+H Ocean Carriers Ltd. 7.74%
TOPS Top Ships Inc. 7.66%
ULTR Ultrapetrol (Bahamas) Ltd. 6.51%
GNK Genco Shipping & Trading Ltd. 6.17%
GLNG Golar LNG Ltd. 5.59%
TRBR Trailer Bridge Inc. 5.56%
ALEX Alexander & Baldwin, Inc. 3.88%
DRYS DryShips, Inc. 3.31%
EGLE Eagle Bulk Shipping, Inc. 2.30%
TK Teekay Corporation 2.16%
HOS Hornbeck Offshore Services, Inc. 2.13%
EXM Excel Maritime Carriers, Ltd. 1.95%
TDW Tidewater Inc. 1.50%
FREE FreeSeas Inc. 1.28%
OSG Overseas Shipholding Group Inc. 1.12%
CKH Seacor Holdings Inc. 1.09%
KEX Kirby Corporation 1.03%
ISH International Shipholding Corp. 0.63%
DSX Diana Shipping Inc. 0.53%
DAC Danaos Corporation 0.48%
TEU Box Ships Inc. Common Shares 0.37%
TOO Teekay Offshore Partners LP 0.32%
CMRE Costamare Inc. 0.24%
GLBS Globus Maritime Ltd. 0.22%
KSP K-SEA Transportation Partners LP 0.12%
NEWL NewLead Holdings Ltd. 0.00%
RLOG Rand Logistics, Inc. -0.14%
NMM Navios Maritime Partners L.P. -0.21%
TGP Teekay LNG Partners LP. -0.23%
DCIX Diana Containerships Inc. -0.28%
BALT Baltic Trading Limited -0.32%
GMLP Golar LNG Partners LP -0.41%
NM Navios Maritime Holdings Inc. -0.59%
ESEA Euroseas, Ltd. -0.66%
CPLP Capital Product Partners L.P. -0.85%
STNG Scorpio Tankers Inc. -0.89%
PRGN Paragon Shipping Inc. -1.08%
ONAV Omega Navigation Enterprises, Inc. -1.27%
TRMD TORM A/S -1.40%
SSW Seaspan Corp. -1.48%
TNP Tsakos Energy Navigation Ltd. -1.57%
DHT DHT Holdings, Inc. -1.70%
SBLK Star Bulk Carriers Corp. -1.86%
GASS StealthGas, Inc. -2.01%
TMM Grupo TMM S.A.B. -2.17%
SFL Ship Finance International Limited -2.51%
NAT Nordic American Tanker Shipping Ltd. -2.58%
GSL Global Ship Lease, Inc. -2.71%
TNK Teekay Tankers Ltd. -3.08%
VLCCF Knightsbridge Tankers Limited -3.11%
SB Safe Bulkers, Inc. -3.64%
GMR General Maritime Corp. -4.85%
HRZ Horizon Lines, Inc. -4.92%
FRO Frontline Ltd. -6.54%
TBSI TBS International Plc -9.17%
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