The Baltic Dry Index Continues to Go Nowhere

Another negative day for dry bulk carriers was on Tuesday. The Baltic Dry Index went down 7 points or 0.554% to settle at 1,257.

Don’t Miss: Wall St. Cheat Sheet’s newest Feature Trades of the Month!

Here is your Cheat Sheet for interesting news at marine transportation companies:

1) Viet Nam Ocean Shipping JSC created Vosco Maritime Services One Member Limited Company, a fully owned subsidiary with capital of VND 15 billion. The new subsidiary is located in Ho Chi Minh City.

2) Hyundai Merchant Marine Co. Ltd. is investing KRW 695 billion in construction of 5 container ships.

3) Fushiki Kairiku Unso Co., Ltd. revised upward its yearly earnings guidance to the following figures: revenue of JPY 10,540 million, operating profit of JPY 553 million, and net profit of JPY 204 million.

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