Shippers caught a headwind on Monday. The Baltic Dry Index retreated 0.351% or 5 points to settle at 1,418.
Here is your Cheat Sheet for interesting news at marine transportation companies:
Eagle Bulk Shipping Inc. (NASDAQ:EGLE) held its annual meeting on Friday, and the following matters were voted upon. Pricewaterhouse Coopers LLP was picked to audit the firm, executive compensation was approved, and two Class 3 directors, 2 Class 1 directors, and three Class 2 directors were voted to stay on the board.
Chu Kong Shipping Development Company appointed Liu Weiqing as non-executive director and chairman of the board. The appointment is effective as of June 20th 2011.