Oceanfreight Reports a Net Loss while The Baltic Dry Index Stalls
The Baltic Dry Index lost 4 points or 0.26% to settle at 1,537. The BDI has been rallying lately.
Here is your Cheat Sheet for interesting news at marine transportation companies:
1) Oceanfreight Inc. (OCNFD) recently reported Q2 results. The firm posted a net loss of $1 million influenced by $2 million loss on the sale of M/T Olinda.
2) Azuma Shipping Co., Ltd. is going to establish 2 subsidiaries, Azuma Mongolia LLC and Tandem Mongolia LLC, in September. The subsidiaries will be engaged in delivery of machines and air & ocean shipping respectively.
3) Teledata Marine Solutions Ltd.’s decision to extend its financial year was approved by the Chennai Registrar of Companies.