Troubles continued for marine transporters on Friday. The Baltic Dry Index was down 14 points or 1.024% to settle at 1,353.
Here is your Cheat Sheet for interesting news at marine transportation companies:
1) MISC Berhad named Datuk Manharlal Ratilalto to replace Dato’ Shamsul Azhar bin Abbas as chairman of the company.
2) Zhangjiagang Freetrade Sci & Tech gave profit guidance for the first 6 months of this year to rise by 110% to 140%. The comparable figure for the period last year was RMB 33,882,200.
3) Mitsui & Co., Ltd. wants to acquire Portek International Limited. Mitsui & Co., Ltd. Mitsui announced its willingness to buy 152,585,960 shares for the price not exceeding SGD 221 million.