The Baltic Dry Index Finally Takes a Breather

The Baltic Dry Index lost 41 points or 2.592% to settle at 1,541. That’s one of the only drops in the BDI over the last 2 weeks.

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) Premuda SpA anticipates its net income to be approximately at the break-even.

2) China Merchants Energy Shipping Co Ltd is going to issue approximately 858,349,420 class A shares at a price around RMB 3.37 per share. This capital raising will be a private placement.

3) Norwegian Car Carriers ASA lengthened for 12 months 2 time charters for NOCC Pamplona and Dyvi Puebla.

4) Malaysian Bulk Carriers Berhad announced a voluntary closure of its 3 subsidiaries – South Pasadena Limited, Kohing Investments Limited, and Libertos International Limited.

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