The Baltic Dry Index Edges Up, Diana Shipping Announces Earnings

The Baltic Dry Index gained 2 points or 0.111% and settled at 1809.

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) Diana Shipping Inc. (NYSE:DSX) reported Q3 results. Net income was $26.4 million, down 22% from a year ago, while revenue was down 10% to $64.6 million.

2) Manhattan Resources Limited appointed Low Yi Ngo, a director on the board, to assume CEO and MD duties after resignation of Ho Soo Ching, the current CEO.

3) Cosco Shipping Company Limited appointed Liu Xueliang the new CFO. The position was previously held by Lin Jingwei.

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