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The Baltic Dry Index lost 1.816% or 33 points settling at 1784. The index has not ceased dropping since breaking below 2000.
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Here is your Cheat Sheet for interesting news at marine transportation companies:
1) Great Harvest Maeta Group Holdings Limited anticipates its earnings for the first 6 months of 2012 to drop by 50% on a year-over-year basis. The reason for downbeat forecast is market factors.
2) KSS Line Company Limited entered into agreement with Vitol SA to provide labor service with contract value of 22.8 million Korean won.
3) Inui Steamship Company Limited updated its earnings guidance figures as follows: revenue of 15 billion yen, operating loss of 100 million yen, and net loss of 200 million yen.
Check Out: Investing In Transportation: Risk Factors for Marine Shippers.
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