The Baltic Dry Index Drops Over 1%

The Baltic Dry Index lost 1.067% or 20 points to settle at 1854.

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

1) Hainan Strait Shipping Company Limited received an approval from the government for new route around Haikou and Paracel Islands.

2) Naigai Trans Line Limited completed a stock offering of 50,000 shares at 1570 yen per share. The transaction took place on Tokyo Stock Exchange on Monday.

3) China Cosco Holdings Company Limited appointed Jiang Lijun as President after resignation of Zhang Liang who held this post previously.

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

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