Sunday, May 22, 2011

Top Shipping Stocks of the Week ( May 22, 2011)

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 20, 2011

Baltic Dry Index ( BDI ) -1349 Up 20
Baltic Cape Index ( BCI ) - 1633 Up 29
Baltic Panamax Index ( BPI ) - 1666 Up 51
Supramax Index ( BSI ) - 1413 Up 5

Below these are the Top Shipping Stocks Performance of the Week ended May 21, 2011.

Ticker Company Change
GLNG Golar LNG Ltd. 8.35%
GMLP Golar LNG Partners LP 5.94%
HOS Hornbeck Offshore Services, Inc. 4.13%
ESEA Euroseas, Ltd. 2.00%
VLCCF Knightsbridge Tankers Limited 1.70%
ALEX Alexander & Baldwin, Inc. 1.61%
SFL Ship Finance International Limited 1.11%
DSX Diana Shipping Inc. 0.80%
DHT DHT Holdings, Inc. 0.73%
TNP Tsakos Energy Navigation Ltd. 0.67%
GLBS Globus Maritime Ltd. 0.45%
KSP K-SEA Transportation Partners LP 0.12%
NAT Nordic American Tanker Shipping Ltd. 0.08%
NEWL NewLead Holdings Ltd. 0.00%
KEX Kirby Corporation -0.38%
CMRE Costamare Inc. -0.46%
CKH Seacor Holdings Inc. -0.79%
TOO Teekay Offshore Partners LP -0.79%
OSG Overseas Shipholding Group Inc. -0.92%
GASS StealthGas, Inc. -0.97%
ONAV Omega Navigation Enterprises, Inc. -1.22%
TEU Box Ships Inc. Common Shares -1.28%
ISH International Shipholding Corp. -1.41%
FRO Frontline Ltd. -1.54%
RLOG Rand Logistics, Inc. -2.08%
SSW Seaspan Corp. -2.28%
STNG Scorpio Tankers Inc. -2.33%
TRMD TORM A/S -2.35%
TNK Teekay Tankers Ltd. -2.44%
CPLP Capital Product Partners L.P. -2.50%
TK Teekay Corporation -2.53%
TGP Teekay LNG Partners LP. -2.77%
BALT Baltic Trading Limited -3.26%
TDW Tidewater Inc. -3.49%
NMM Navios Maritime Partners L.P. -3.75%
FREE FreeSeas Inc. -3.89%
DCIX Diana Containerships Inc. -4.18%
SBLK Star Bulk Carriers Corp. -4.35%
SB Safe Bulkers, Inc. -4.43%
ULTR Ultrapetrol (Bahamas) Ltd. -5.43%
PRGN Paragon Shipping Inc. -5.56%
NM Navios Maritime Holdings Inc. -5.73%
DAC Danaos Corporation -6.67%
TMM Grupo TMM S.A.B. -7.32%
TOPS Top Ships Inc. -7.69%
GNK Genco Shipping & Trading Ltd. -8.05%
GMR General Maritime Corp. -10.14%
DRYS DryShips, Inc. -13.18%
GSL Global Ship Lease, Inc. -13.28%
OCNF OceanFreight, Inc. -13.34%
TBSI TBS International Plc -15.53%
EGLE Eagle Bulk Shipping, Inc. -16.08%
EXM Excel Maritime Carriers, Ltd. -18.70%
TRBR Trailer Bridge Inc. -20.70%
HRZ Horizon Lines, Inc. -31.63%