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 13, 2011
Baltic Dry Index ( BDI ) - 1306 Down 2
Baltic Cape Index ( BCI ) - 1494 Down 4
Baltic Panamax Index ( BPI ) - 1720 Down 50
Supramax Index ( BSI ) - 1392 Down 3
Below these are the Top Shipping Stocks Performance of the Week ended May 13, 2011.
Ticker Company Change
ONAV Omega Navigation Enterprises, Inc. 8.68%
NAT Nordic American Tanker Shipping Ltd. 8.66%
DAC Danaos Corporation 7.14%
GMLP Golar LNG Partners LP 6.62%
ESEA Euroseas, Ltd. 5.87%
GSL Global Ship Lease, Inc. 5.48%
TNK Teekay Tankers Ltd. 5.33%
SB Safe Bulkers, Inc. 4.81%
VLCCF Knightsbridge Tankers Limited 3.24%
SSW Seaspan Corp. 3.16%
TGP Teekay LNG Partners LP. 2.50%
ULTR Ultrapetrol (Bahamas) Ltd. 2.50%
CMRE Costamare Inc. 1.89%
OSG Overseas Shipholding Group Inc. 1.62%
SFL Ship Finance International Limited 1.54%
GMR General Maritime Corp. 1.47%
TDW Tidewater Inc. 1.37%
DSX Diana Shipping Inc. 1.07%
TRBR Trailer Bridge Inc. 0.89%
TOO Teekay Offshore Partners LP 0.83%
NEWL NewLead Holdings Ltd. 0.45%
PRGN Paragon Shipping Inc. 0.33%
NMM Navios Maritime Partners L.P. 0.30%
GLBS Globus Maritime Ltd. 0.00%
KEX Kirby Corporation -0.02%
TNP Tsakos Energy Navigation Ltd. -0.10%
HOS Hornbeck Offshore Services, Inc. -0.12%
CKH Seacor Holdings Inc. -0.23%
NM Navios Maritime Holdings Inc. -0.37%
ISH International Shipholding Corp. -0.38%
SBLK Star Bulk Carriers Corp. -0.42%
KSP K-SEA Transportation Partners LP -0.61%
FRO Frontline Ltd. -0.81%
EGLE Eagle Bulk Shipping, Inc. -0.96%
DHT DHT Holdings, Inc. -0.96%
GASS StealthGas, Inc. -1.06%
ALEX Alexander & Baldwin, Inc. -1.46%
CPLP Capital Product Partners L.P. -1.82%
TK Teekay Corporation -1.84%
FREE FreeSeas Inc. -2.29%
STNG Scorpio Tankers Inc. -2.89%
RLOG Rand Logistics, Inc. -2.96%
DRYS DryShips, Inc. -3.30%
TMM Grupo TMM S.A.B. -3.30%
TEU Box Ships Inc. Common Shares -3.33%
TRMD TORM A/S -3.56%
OCNF OceanFreight, Inc. -5.06%
EXM Excel Maritime Carriers, Ltd. -5.64%
GNK Genco Shipping & Trading Ltd. -6.00%
GLNG Golar LNG Ltd. -6.05%
BALT Baltic Trading Limited -7.29%
DCIX Diana Containerships Inc. -11.15%
TOPS Top Ships Inc. -12.16%
TBSI TBS International Plc -22.35%
HRZ Horizon Lines, Inc. -25.71%
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