The Baltic Dry Index Holds Steady Amidst Volatile Markets

The Baltic Dry Index lost 0.052% or 1 point to settle at 1,927. 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) GC Rieber AS’s offer for all outstanding shares of GC Rieber Shipping ASA is valid until September 30. GC Rieber AS expects to increase its stake from 54.21% to 66.70%.

2) Green Shipping AS entered into agreement with Caiano AS for the sale and leaseback of 6 ships. The capacity of these vessels is 265,770 cubic feet.

3) Norwegian Car Carriers ASA appointed new CFO, Engebret Dahm. He will start on October 1, 2011.

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