Shipping Funds and Indexes

ship on the ocean full of cargoList of low-cost shipping funds and shipping indices.

There are five types of ships transporting goods around the world:

  • Container ships, which carry finished products
  • Bulkers carry dry cargo such as iron ore and grains, finished steel, coal, etc.
  • Tankers carry liquid bulk, oil, chemicals, molasses and so on
  • Ro Ro carries “roll on, roll off” goods, such as cars
  • Reefers ship bananas, oranges and similar items

The BDI covers the second type of ship, bulkers.

Shipping Stocks

Symbol Company Desc
DRYS DryShips  
DSX Diana Shipping  
GNK Genco Shipping  
EXM Excel Maritime Carriers  
EGLE Eagle Bulk Shipping  
TBSI TBS International  
NM Navios Maritime Holdings  
SB Safe Bulkers  
SBLK Star Bulk Carriers Corp.  
PRGN Paragon Shipping  
ESEA Euroseas  
OCNF OceanFreight  
NMM Navios Maritime Partners  
FREE Freeseas  
FRO Frontline  
ONAV Omega Navigation Enterprises  

Shipping Funds

SEA - Claymore/Delta Global Shipping Index. Emulates the Delta Global Shipping index. 0.65% expense ratio (temporary cap).

Shipping Indices

Baltic Dry Index

A shipping and trade index created by the London-based Baltic Exchange that measures changes in the cost to transport raw materials such as metals, grains and fossil fuels by sea. The Baltic Exchange directly contacts shipping brokers to assess price levels for a given route, product to transport and time to delivery (speed).

The Baltic Dry Index is considered a leading indicator of the economy.

Delta Global Shipping Index

The Index is designed to measure the performance of companies listed on global developed market exchanges within the maritime shipping industry. Companies that generate in excess of 80% of their revenues (significant) from the operating and/or leasing of seaborne ships which transport dry bulk, tanker, container, specialty chemical or LNG goods.

Resources

Baltic Dry Index - in-depth look at the Baltic Dry Index.

Comments

Add a comment

All fields are required. Email will not be published.