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The Baltic Dry Index lost 0.396% or 7 points to settle at 1759. The index will simply not stop dropping.
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Here is your Cheat Sheet for interesting news at marine transportation companies:
1) Dal’nevostochnoye Morskoye Parokhodstvo OAO sold its entire stake in Bank Otkritie OAO amounting to 5.98%.
2) Lietuvos Juru Laivininkyste AB will have an extraordinary shareholders’ meeting on November 28 when candidacy of UAB KPMG Baltic for auditor role will be put to vote.
3) Rederi AB Transatlantic held shareholders’ meeting during which new shares issue was approved. Current shareholders have a right to subscribe to the number of shares they currently hold at a per-share price of SEK 10.
Check Out: Investing In Transportation: Risk Factors for Marine Shippers.
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