Baltic Dry Index 101
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Date updated:08-06-2008

Despite its importance in signaling current global growth trends, the Baltic Dry Bulk Index is hardly talked about by financial media pundits.
The Baltic Dry Index is an index covering dry bulk shipping rates and managed by the Baltic Exchange in London.
The Baltic Dry Bulk Index is an assessment of the price of moving the major raw materials by sea. Taking in 26 shipping routes measured on a timecharter and voyage basis, the index covers Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain.
Basically, it is an index, which signings how global trade and growth is currently fairing. And with the index down 14 consecutive days in a row, many market participants feel that global growth is indeed slowing.

symbol name last price % change open
  • +
  • DRYS
    Dryships Inc.
  • $6.77
  • +8.49%
  • $6.40

Dry Ships (DRYS): Which is the leading shipper of iron ore, coal, and grain DryShips currently owns a fleet of 46 dry bulk carriers with an aggregate carrying capacity of approximately 4.2 million deadweight tons (dwt) and consists of 5 Capesize, 31 Panamax, 2 Supramax and 8 newbuilding dry bulk vessels. Since the company’s inception, Dry Ships has 113% Return on Equity, with profit margins of 80% The company also has a very hot sub-company, mainly focused in the ultra-deep drilling market. Dry Ships is looking to ship this stub which it is looking to spin-off in the coming months.

People owning DRYS also tend to own: ACICBICMIFTKJECTBSIACH

TheStreet.com Rating: D+ What is this?

  • +
  • EGLE
    Eagle Bulk Shippi
  • $5.66
  • +16.70%
  • $5.06

Eagle Bulk Shipping (EGLE): EGLE is one of the major bulk shippers of iron-ore (1,121,200MM tons), Coal (983,119MM tons), various Gains (901,790MM tons), Other Ores( 865,714MM tons) Cement (542,118MM tons), Coke (529,858MM tons) and Steel (617,589MM tons). They have an extremely young fleet of ships (average age of 5), meaning that Eagle won’t be affected by increases in commodity prices for sometime

People owning EGLE also tend to own: CVPCZNFGPGMRKEDKYNNCT

TheStreet.com Rating: C- What is this?

  • +
  • SBLK
    Star Bulk Carrier
  • $3.23
  • 0.00%
  • $N/A

No Analysis added

People owning SBLK also tend to own: BBNICNXCSCOGMEHEPHMTW

TheStreet.com Rating: C What is this?

  • +
  • TOPS
    Top Ships Inc.
  • $0.98
  • 0.00%
  • $N/A

No Analysis added

People owning TOPS also tend to own: ADVNABCSBTEETFCFMDFNFHTE

TheStreet.com Rating: D What is this?

  • +
  • EXM
    Excel Maritime Ca
  • $6.59
  • 0.00%
  • $N/A

No Analysis added

People owning EXM also tend to own: FROOSGBDVCZNEPDGMRGSTL

TheStreet.com Rating: D+ What is this?

  • +
  • GNK
    Genco Shipping
  • $23.76
  • 0.00%
  • $N/A

No Analysis added

People owning GNK also tend to own: BDGBRNCDHRDISHFPLJOYGMRK

TheStreet.com Rating: C What is this?

  • +
  • FRO
    Frontline Ltd
  • $24.18
  • +2.15%
  • $24.30

No Analysis added

People owning FRO also tend to own: AEMBRYCLFCMCCOGCPOCR

TheStreet.com Rating: C What is this?

  • +
  • TK
    Teekay Corp
  • $22.50
  • 0.00%
  • $N/A

No Analysis added

People owning TK also tend to own: ANATBGBTUCITCNHCPOETR

TheStreet.com Rating: C- What is this?

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Q. opinion on long drys?
11.12.09 | 18:22 PM Asked by kuch64

A. If you mean DryShips, Inc. (DRYS), it
looks like a good short term
speculation.

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