The Baltic Dry Index Cracks Below 2000

The Baltic Dry Index retreated 2.626% or 53 points to settle at 1965.

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

1) Shinwa Kaiun Kaisha Limited provided earnings guidance for fiscal year ending March 31, 2012. The expectation is as follows: revenue of JPY 138 billion, operating profit of JPY 1.8 billion, no ordinary profit (0) and net profit of JPY 800 million.

2) Iino Kaiun Kaisha Limited updated its earnings guidance for FY ending March 31, 2012. The firm anticipates revenue of JPY 77 billion, operating profit of JPY 1 billion, and net loss of JPY 700 million.

3) KSS Line Company Limited agreed to provide labor service to Vitol SA for KRW 33.8b million.

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