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Friday, May 22, 2009

Baltic Dry Index Shipping Rates 5/22/09 BDI

The BDI data is critical for how the DryBulk Shipping Stocks such as DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd( EXM ), Diana Shipping Inc ( DSX ), Genco Shipping & Trading Limited ( GNK ), TBS International Limited ( TBSI ), Navios Maritime ( NM ), Eagle Bulk Shipping Inc. ( EGLE ), Paragon Shipping Inc. ( PRGN ), Star Bulk Carriers Corp. ( SBLK ), and OceanFreight Inc ( OCNF ) will trade during the day. As you probably know, the Dry Bulk Shipping index can tell you a lot about the state of the World Economy. When Bulk Shipping Rates are at all time highs, the World Economy is outstanding. When Bulk Shipping Rates are as low as they have been lately, it signifies that the world economy has come to a screeching halt!

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Dry Bulk Shipping Rates - May 22, 2009 - Up 16 Straight Days

Baltic Dry Index ( BDI ) - 2786 Up 79
Baltic Cape Index ( BCI ) - 4343 Up 352
Baltic Panamax Index ( BPI ) - 2293 Down 80
Supramax Index ( BSI ) - 1837 Down 17
Past Bulk Shipping

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