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The Baltic Dry Index added 14 points or 0.743% to settle at 1898. The BDI has moved up 3 trading sessions in a row.
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Here is your Cheat Sheet for interesting news at marine transportation companies:
1) Terje Askvig of Eitzen Chemical resigned from the CEO position while Per Hermod Rasmussen resigned from the CFO position. Per Sylvester Jensen will assume the CEO role. He is currently COO.
2) Azuma Shipping Company Limited created Azuma Shipping Mongolia LLC, a new subsidiary, to transport cars and construction equipment.
3) Trailer Bridge Incorporated will be delisted from NASDAQ on November 28. The firm filed for bankruptcy under Chapter 11 two days ago.
Check Out: Investing In Transportation: Risk Factors for Marine Shippers.
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