The Baltic Dry Index Falls 3.8%

The Baltic Dry Index 3.823% or 50 points to settle at 1258.

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

1) He Jiale, CFO of China Cosco Holdings Co. Ltd., resigned from his position. The new appointment for this position is Feng Jinhua.

2) Erria AS has sold all of its interest in tankers and Ibex Maritime Ltd., a commercial tanker firm, to United Shipping & Trading Company AS (USTC). Erria will receive cash payment and 15% equity stake in USTC.

3) AP Moeller Maersk AS was awarded 4 contracts from Petrobras (NYSE:PBR) and Exxon Mobil (NYSE:XOM). The total value is $256.51 million.

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

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