The Baltic Dry Index Explodes Despite Economic Uncertainty

The Baltic Dry Index leaped 3.143% or 56 points to settle at 1,838. There is some economic uncertainty in the developed world, but it does not seem to bother marine transportation rates.

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) Kawasaki Kinkai Kisen Kaisha Limited updated its earnings guidance. The firm expects the following 12-month results: revenue of JPY 21 billion, operating profit of JPY 570 million, and net profit of JPY 550 million.

2) Oslo Bors who holds power to supervise a take-over approved an offer by GC Rieber AS to acquire all shares of GC Rieber Shipping ASA at NOK 31 per share.

3) Century Logistics Holdings Berhad has issued new stock due to warrant conversion. The new shares amount to 2,600 with an issue price of 1 Malaysian ringgits per share.

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

More from The Cheat Sheet