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 ) - 1269 Up 10
Baltic Cape Index ( BCI ) - 1564 Down 2
Baltic Panamax Index ( BPI ) - 1450 Up 58
Supramax Index ( BSI ) - 1310 Up 2
Below these are the Top Shipping Stocks Performance of the Week ended May 01, 2011.
Ticker Company Change
HRZ Horizon Lines, Inc. 24.65%
ONAV Omega Navigation Enterprises, Inc. 12.50%
STNG Scorpio Tankers Inc. 11.14%
TOPS Top Ships Inc. 10.45%
TRMD TORM A/S 10.02%
GLNG Golar LNG Ltd. 7.46%
PRGN Paragon Shipping Inc. 5.71%
TEU Box Ships Inc. Common Shares 5.11%
TOO Teekay Offshore Partners LP 4.29%
TNP Tsakos Energy Navigation Ltd. 3.59%
NM Navios Maritime Holdings Inc. 3.12%
NAT Nordic American Tanker Shipping Ltd. 2.82%
FREE FreeSeas Inc. 2.78%
GNK Genco Shipping & Trading Ltd. 2.69%
ESEA Euroseas, Ltd. 2.58%
EXM Excel Maritime Carriers, Ltd. 2.56%
HOS Hornbeck Offshore Services, Inc. 2.38%
CPLP Capital Product Partners L.P. 2.26%
SBLK Star Bulk Carriers Corp. 2.17%
BHO B+H Ocean Carriers Ltd. 2.15%
TDW Tidewater Inc. 1.78%
KEX Kirby Corporation 1.76%
ISH International Shipholding Corp. 1.74%
EGLE Eagle Bulk Shipping, Inc. 1.48%
NMM Navios Maritime Partners L.P. 1.48%
DAC Danaos Corporation 1.44%
TBSI TBS International Plc 1.18%
FRO Frontline Ltd. 1.10%
CKH Seacor Holdings Inc. 1.01%
DSX Diana Shipping Inc. 0.63%
SSW Seaspan Corp. 0.58%
GMR General Maritime Corp. 0.47%
NEWL NewLead Holdings Ltd. 0.45%
DRYS DryShips, Inc. 0.43%
ALEX Alexander & Baldwin, Inc. 0.30%
SFL Ship Finance International Limited 0.25%
DHT DHT Holdings, Inc. 0.23%
CMRE Costamare Inc. 0.17%
DCIX Diana Containerships Inc. 0.00%
KSP K-SEA Transportation Partners LP -0.24%
BALT Baltic Trading Limited -0.37%
GLBS Globus Maritime Ltd. -0.78%
OSG Overseas Shipholding Group Inc. -0.92%
SB Safe Bulkers, Inc. -0.97%
GSL Global Ship Lease, Inc. -1.42%
GMLP Golar LNG Partners LP -1.65%
RLOG Rand Logistics, Inc. -2.16%
TGP Teekay LNG Partners LP. -2.34%
TK Teekay Corporation -2.69%
VLCCF Knightsbridge Tankers Limited -2.69%
GASS StealthGas, Inc. -2.76%
OCNF OceanFreight, Inc. -3.45%
TNK Teekay Tankers Ltd. -4.08%
TMM Grupo TMM S.A.B. -4.35%
ULTR Ultrapetrol (Bahamas) Ltd. -6.84%
TRBR Trailer Bridge Inc. -8.58%
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