Baltic Dry Index 101 Portfolio - Stockpickr! Your Source for Stock Ideas

Baltic Dry Index 101

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Created by fnftynftynu

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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.

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: ACI CBI CMI FTK JEC TBSI ACH

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: CVP CZN FGP GMR KED KYN NCT

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: B BNI CNX CSCO GME HEPH MTW

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: ADVNA BCS BTE ETFC FMD FNF HTE

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: FRO OSG BDV CZN EPD GMR GSTL

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: BDG BRNC DHR DISH FPL JOYG MRK

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: AEM BRY CLF CMC COG CPO CR

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: ANAT BG BTU CIT CNH CPO ETR

TheStreet.com Rating: C- What is this?

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