The Baltic Dry Index Continues to Move Opposite Stocks
The Baltic Dry Index advanced 0.891% or 16 points to settle at 1,811. The BDI continues to move opposite stocks.
Here is your Cheat Sheet for interesting news at marine transportation companies:
1) Marco Polo Marine Limited received a vessel building contract worth around $10.5 million from P.T. Pelayaran Nasional Bina Buana Raya. The contract is for 5 cargo barges with delivery in July 2012.
2) Kirby Corporationupdated its earnings guidance projecting EPS of 90 cents (US) and above. The previous projection was EPS between 82 and 87 cents.
3) Shinwa Kaiun KaishaLimited updated its mid-year forecast for the current fiscal year as follows: revenue of 66 billion yen, operating profit of 400 million yen, and net loss of 400 million yen.