Economic Fears Hit Marine Transporters Again

Troubles continued for marine transporters on Friday. The Baltic Dry Index was down 14 points or 1.024% to settle at 1,353.

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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.

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