The Baltic Dry Index Streak of Pain Continues

Shipping by sea got cheaper even more on Thursday. The Baltic Dry Index slipped 0.226% or 3 points to settle at 1,325. The index has been spilling red arrows for almost 2 calendar weeks now.

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

1) DHT Holdings, Inc. (NYSE:DHT) is extending its offer of Saga Tankers shares until July 28. Currently, DHT has gotten acceptances for 84% (73 million) of Saga shares.

2) Oceanfreight Inc. (NASDAQ:OCNF) regained compliance with NASDAQ’s minimum price bid rule.

3) Dryships Inc. (NASDAQ:DRYS) sold 2 Panamax and 2 Capesize vessels for the aggregate amount of $75.5 million. The company recorded a book loss of $106.9 million.

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

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