ABOUT THE CAPITAL LINK MARITIME INDICES
The Capital Link Maritime Indices were launched on Monday, June 29, 2009, by Capital Link, Inc., a New York based Investor Relations and Advisory firm with a strategic focus on shipping.
These are Stock Market Maritime Indices; their objective is to enable investors, as well as all shipping market participants, to better track the performance of individual listed shipping stocks, as well as of the shipping industry and specific sectors.
The Indices focus only on companies listed on US Exchanges, as the United States is the largest and most liquid market for listed shipping companies with a large and established peer group and with a well-developed investor base.
The Indices track the performance of the stocks of US listed shipping companies as follows:
Capital Link Maritime Index All shipping companies
Capital Link Dry Bulk Index All Dry Bulk companies
Capital Link Tanker Index All Tanker companies
Capital Link Container Index All Container shipping companies
Capital Link LNG / LPG Index All LNG / LPG companies
Capital Link Mixed Fleet Index All companies operating in more than one sector
Capital Link Maritime MLP Index All Includes all US listed shipping MPLs
INDEX METHODOLOGY & COMPOSITION
The indices are calculated daily and are based on the market capitalization weighting of the stocks in each index. These are reference indices and they are not tradable.
All US listed companies are included in the main index, the Capital Link Maritime Index.
Besides the main index (Capital Link Maritime Index), a company may be also included in additional indices, the sector index, where it primarily operates, and the mixed fleet index or the MLP Index, if and as long as it qualifies for such inclusion.
Companies that operate two thirds or more of their total fleet in a single sector are also included in that sector index, as well as in the mixed fleet index.
Companies that have been delisted are included in the Indices for the period they were listed. Also, SPACs that became Operating Companies are included in the indices as of the date they were listed as Operating Companies.
In terms of historical data, the indices go back to January 1, 2005, thereby providing investors with significant historical performance.
The index values are updated daily after the closing of the market and can be accessed at www.CapitalLinkShipping.com, Capital Link’s web-based resource linking listed companies, investors and shipping market participants.
AVAILABLE ON BLOOMBERG
The Indices can also be accessed through the Bloomberg page “CPLI” and/or with their tickers as follows:
CL Maritime Index – CPLMMARI
CL Dry Bulk Index – CPLMDRYB
CL Tanker Index – CPLMTANK
CL Container Index – CPLMCONT
CL LNG / LPG Index – CPLMLNPG
CL Mixed Fleet Index – CPLMMIXD
CL Maritime MLP Index – CPLMMLPI
HOW TO USE THE INDICES
They can be used to compare the performance of:
- Individual Shares to their Sector Index and/or to Freight Indices (like the Baltic Indices or the Breakwater Dy Bulk FFA Index)
- Sector Indices to the (Composite) Maritime Index and various Broader Stock Market Indices
- Sector Indices to Freight Indices
- Look for current patterns and historic correlations / deviations
The Indices are for information and refence only and at the sole risk of the user. Capital Link does not guarantee their accuracy, does not warrant their regular update and bears no responsibility whatsoever.