The Baltic Dry Index Loses Volatility
The Baltic Dry Index lost 1 point or 0.053% to settle at 1885. Shipping rates somewhat lost their recent day-to-day volatility.
Here is your Cheat Sheet for interesting news at marine transportation companies:
1) KSS Line Company Limited provided a shipping lease to Mitsui & Company Limited. The agreement is worth about KRW 77 billion.
2) Mitsui O.S.K. Lines Limited has had its rating A+ reiterated by Rating and Investment Information Incorporated, but the rating outlook is negative.
3) Stolt-Nielsen S.A. finished the acquisition of a 70% stake in Marstel Terminals.