The Baltic Dry Index strengthened 1.6 % or 32 points to settle at 2032. Shipping rates seem to have caught tailwind.
Here is your Cheat Sheet for interesting news at marine transportation companies:
1) InterBulk Group PLC said that its revenue is anticipated to be close to market expectations of GBP 305 million.
2) ATC Cargo SA updated its earnings guidance. For fiscal year 2011, income and net profit are expected to be PLN 110.5 million and PLN 3.4 million respectively, and for FY 2012, these figures are PLN 81-84 million and PLN 2.38 million respectively.
3) Complete Logistic Services Berhad is in the process of buying Guper Properties Sdn Bhd and 65% of Ecocentre Sdn Bhd for MYR 61,000 and MYR 242,000 in cash respectively.