The Baltic Dry Index Finally Reverses Trend

The Baltic Dry Index advanced 1.54% or 28 points to settle at 1846.

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

1) Dampskibsselskabet Norden AS updated its earnings guidance to the following figures: EBITDA of $160 – $180 million and EBIT of $80 – $100 million.

2) Rederi AB Transatlantic appointed Helene Mellquist as CFO starting January 1, 2012 and replacing Gunnar Modalen, an interim CFO.

3) Latvijas Kugnieciba AS replaced Paul Thomas, the firm’s chairman, by Simon Blaydes effective November 15.

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