The Baltic Dry Index Pops 3.8%

The Baltic Dry Index leaped 3.891% or 63 points to settle at 1,682. The BDI has rallied 34% in the past month!

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) Maersk Oil, a subsidiary of AP Moeller Maersk A.S., entered into long-term agreement with HMN Gashandel to supply natural gas.

2) Odfjell SE showed interest in Noord Natie Terminal‘s Antwerpen facility by signing a letter of intent to take an equity stake. The money raised from this potential transaction wil be used increase the terminal capacity by 112,000 cubic meters.

3) Ob’-Irtyshskoye Rechnoye Parokhodstvo OAO has a new large shareholder. This shareholder is Tomash Leonid Yanoshovich who boosted his stake from 0.01 % to 17.54%.

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