The Baltic Dry Index Resumes an Increase in Shipping Prices

The Baltic Dry Index rose 8 points or 0.37% to settle at 2161. Shipping rates continue to look good heading into the holiday season.

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

1) DHT Maritime Incorporated declared a dividend of 3 cents payable on November 16. The stock will go ex dividend on November 9.

2) Meiji Shipping Company Limited updated its mid-year earnings forecast. The figures are as follows: revenue of JPY 10.066 billion, operating profit of JPY 288 million, ordinary loss of JPY 420 million, and net profit of JPY 40 million.

3) Latvijas Kugnieciba A.S. appointed Simon Blaydes as chairman starting November 15. He will replace Paul Thomas.

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