The Baltic Dry Index Loses 5 Points, Diana Shipping Enters Deal

The Baltic Dry Index lost 5 point or 0.27% on Friday to settle at 1835.

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Here is your Cheat Sheet for interesting news at marine transportation companies:

1) AP Moeller Maersk AS entered into agreement with Lundin Petroleum to rent out a rig for Norwegian Brynhilde field expansion. The contract will start in 2013.

2) Toei Reefer Line Limited updated its earnings guidance as follows: revenue of 12 billion yen, operating loss of 250 million yen, and net loss of 300 million yen.

3) Diana Shipping Inc. entered into charter agreement with Hyundai Merchant Marine Company Limited for the m/v Erato, a Panamax vessel. The charter will start next month at a daily gross rate of $12,200.

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