The Baltic Dry Index Gets Bullish

The Baltic Dry Index rose 1.050% or 19 points to settle at 1828.

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

1) Tianjin Marine Shipping Company Ltd. was fined by China Securities Regulatory Commission. The amount is 300,000 yuan.

2) Lietuvos Juru Laivininkyste AB assigned auditing of its financial statements to UAB KPMG Baltic and recalled Rolandas Brazinskas from the Chairman position.

3) Lundin Petroleum AB started drilling of the appraisal well that is co-licensed with AP Moeller Maersk AS and Statoil ASA.

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