The Baltic Dry Index in a Down Trend

The Baltic Dry Index lost 1.11% or 24 points to settle at 2136. That’s a two day downtrend for the BDI.

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) Euroseas Limited chartered out M/V Monica P, a Handymax vessel, for about 23 months. The gross estimated revenue is $9 million.

2) Century Logistics Holdings Berhad issued 116,100 new shares of common stock at MYR 1.00 each. The issuance is due to warrant conversions.

3) The board of directors of Pacific Shipping Trust recommended a dividend of $0.73 per share payable on November 29 to shareholders as of October 28.

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