The Baltic Dry Index Continues to Strengthen

The Baltic Dry Index went up 18 points or 0.835% to settle at 2173. Shipping rates continue to strengthen.

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) Odfjell SE agreed to buy MT Holly Galaxy, a chemical tanker, with delivery this December. The capacity of the tanker is 19,975, and it was built in 2006.

2) Wan Hai Lines Ltd transferred a ship to its subsidiary for NTD 38 million.

3) AP Moeller Maersk A/S bought 2 tankers, TORM Mette and TORM Marianne. The tankers will be delivered within the next 2.5 months.

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