The Baltic Dry Index Goes Flat

The Baltic Dry Index was down 13 points or 0.685% to settle at 1886. The BDI still remains in rally mode.

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) Daiichi Chuo Kisen Kaisha will dispose of a vessel for 1,112 million yen. The firm is anticipated to record a profit of JPY 529 million from the transaction.

2) Mitsui O.S.K. Lines Limited announced its latest earnings guidance for mid-year: revenue of JPY 725,000 million, operating loss of 9 billion yen, and net loss of 17 billion yen.

3) Capital Product Partners LP finished the purchase of Crude Carriers Corporation. The transaction was unit-for-share.

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