The Baltic Dry Index Ticks Down

The Baltic Dry Index lost 16 points or 0.74% to settle at 2145.

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

1) Kirby Corporation issued earnings guidance. It stated EPS range of 97 cents to $1.02 for Q4 2011 and $3.30 to $3.35 for FY 2011.

2) U Sea Bulk Shipping AS provided update on its earnings outlook. The firm expects EBITDA of 1 to 5 million US dollars. The firm also pointed out that some of its customers scaled back on shipping services due to pessimistic view of the world economy.

3) Rederi AB Transatlantic appointed Helene Mellquist as new CFO starting January 1 of 2012. She will replace Gunnar Modalen, interim CFO since April.

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