Diana Shipping and Ocean Wilsons Holdings with Big Deals in Marine Shipping

Dry bulk market continued to navigate stormy weather. The Baltic Dry Index slipped 0.15% or 2 points to settle at 1,328.

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Here is your Cheat Sheet for interesting news at marine transportation companies:

1) Diana Shipping Inc. (NYSE:DSX) chartered out Protefs, a Panamax vessel, to Cargill International S.A. The daily gross pay rate is $11,750 minus 4.75% commission to third parties, and the contract is for the period of 11 to 14 months.

2) Wuhu Port Storage & Transportation Co. gave net profit guidance of RMB 172.04 million for the first half of this fiscal year. This positive forecast was based on cost controls effectiveness after asset reorganization.

3) Ocean Wilsons Holdings Limited contracted its PSV Cormoran to Petrobras (NYSE:PBR). Ocean Wilsons also extended the agreement with Petrobras for PSVs Albatroz and Gaivota.

Check Out: Investing In Transportation: Risk Factors for Marine Shippers.