The Baltic Dry Index is in Wait and See Mode

The Baltic Dry Index lost 0.363% or 7 points to settle at 1,920. 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) Green Reefers ASA will receive $36 million for the sale of 6 ships the company announced on September 26. The firm expects to get $2 million in profit from the transaction.

2) PT Marcopolo Shipyard received a vessel upgrading contract worth 8.5 million Singapore dollars for Batam shipyard. The firm is a subsidiary of Marco Polo Marine Limited.

3) Rand Logistics Incorporated closed its public offering of 2.8 million shares at $6 per share. Net proceed from the transaction were $16.1 million, and the company plans to use part of the proceeds to acquire 2 vessels.

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