The Baltic Dry Index Flirts with Retaking 1800
The Baltic Dry Index went up 1.76% or 31 points to settle at 1795. It’s struggling to retake 1800.
Here is your Cheat Sheet for interesting news at marine transportation companies:
1) United Arab Shipping’s stock was suspended from trading on Egyptian Stock Exchange until the Exchange receives UAS financial statements for the past fiscal year (ends June 30, 2011).
2) International Container Terminal Service created ICTSI Africa (NYSE:PTY) Ltd. last week. The new operation is based in Cape Town, South Africa, and it will provide port and terminal services.
3) YCO Group Plc received a joint contract with a counterpart in Europe for an 80-meter motor yacht. The delivery is expected in the 2nd half of 2014.