The Baltic Dry Index Holds Above 1900
The Baltic Dry Index lost 1.038% or 20 points to settle at 1,907.
Here is your Cheat Sheet for interesting news at marine transportation companies:
1) DFDS A.S. agreed with AS Baltic Scandinavian Lines (NYSE:BSL) to a joint operation over the BSL’s rout between Paldiski and Kapellskar. The firms will own 67% and 33% of the operation respectively.
2) Rand Logistics priced its 2.8 million shares publicly offered at $6 each. The offering will close on September 21.
3) STX Pan Ocean Co. created a new subsidiary, STX Container (Japan) Company Ltd. The subsidiary has paid-up capital of 10 million yen.