The Baltic Dry Index is on a Real Winning Streak

Marine shipping is surprisingly strong. The Baltic Dry Index was up 27 points or 2% to settle at 1,371.

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) Ocean Wilsons Holdings Limited, acting through its subsidiary, acquired 3 tugboats from Navemar Transportes e Comércio Marítimo Ltda. The purchase price is BRL19 million.

2) Gaston Enrique Bastias Roman, CEO of Antofagasta Terminal Internacional SA, resigned from his post at the firm effective August 31.

3) MISC Berhad appointed Datuk Manharlal Ratilal as new chairman of the board. He has replaced Dato’ Shamsul Azhar bin Abbas at this post.

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