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.
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.