Shipping Company Executives Make Moves
The Baltic Dry Index rose 1.352% or 19 points to settle at 1,424.
Here is your Cheat Sheet for interesting news at marine transportation companies:
Teekay Corp. (NYSE:TK) has reached an agreement with Bill Berry who will join the company’s board of directors. Berry will replace J. Rod Clark who will retire this year.
Eagle Bulk Shipping (NASDAQ:EGLE) had various service agreements with Delphin Shipping, a company affiliated with Eagle’s CEO Zoulas. As a result, Eagle’s shareholders sued certain current and former officers of the company for breaching fiduciary duty.
Aboitiz Transport System Corporation’s resignation of Jon Ramon M. Aboitiz as director and chairman was approved.