Thursday was another negative day for shipping rates. Baltic Dry Index went down 0.493% or 7 points to settle at 1,413.Here is a cheat sheet for shippers.
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Here is your Cheat Sheet for interesting news at marine transportation companies:
1) Kirby Corporation (NYSE:KEX) gave details about preliminary unitholders’ decisions about merger between K-Sea (NYSE:KSP) and a subsidiary of Kirby. Each K-Sea common unit will receive either $8.15 in cash or $4.075 in cash and 0.0734 Kirby shares.
2) Teledata Marine Solutions Ltd will have its shares traded on the Exchange in the list of ‘T’ Group Securities effective June 29.
3) Penguin International Limited made a sale and purchase agreement with SIF Group. The aggregate consideraytion
Check Out: Investing In Transportation: Risk Factors for Marine Shippers .