The Baltic Dry Index is Trending
Shipping by sea became a bit more expensive Thursday. The Baltic Dry Index 0.693% or 10 points to settle at 1,453. That comes after a 15 point rise on Wednesday.
Here is your Cheat Sheet for interesting news at marine transportation companies:
1) Alexander & Baldwin, Inc., a transportation and real estate company, appointed Joel Wineas new CFO, treasurer and senior vice president starting on September 1, 2011. The previous CFO, Christopher J. Benjamin, will become president of A&B Land Group.
2) Marco Polo Marine Ltd was awarded a ship-building contract by an Indonesian firm. The contract is for 5 barges worth SGD10 million.
3) PT Trada Maritime Tbk raised its share count to 8,753,478,625 through exercised warrants.
4) ATI Corp. got a new largest shareholder which is a Japanese company owning 35.58% of voting rights. The former biggest shareholder decreased its stake from 44.22%to 8.64%.