Beleaguered commodities and shipping giant Noble Group is being jointly investigated by the Commercial Affairs Department (CAD) of the Singapore Police Force (SPF), the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) for on suspicision of issuing false and misleading statements and breaches of disclosures under the securities act.
The Baltic Exchange and digital container freight platform Freightos are launching a global container freight index.
JES International has failed in a bid to sell its shipyard business, while its former ceo has been jailed for 12 and half years.
The Baltic Exchange is dropping handysizes from its key dry bulk market index the BDI.
Singapore-listed offshore vessel owner Pacific Radiance is seeking to restructure some $519m in debt.
Navios Maritime Holdings’ planned deal to acquire a majority stake in First Ship Lease Trust (FSL Trust) has fallen through.
Engineering and fabrication shipyard Triyards Holdings has voluntarily suspended its shares trading on the Singapore Exchange (SGX) as the company revealed deeper financial troubles and is seeking to restructure its debts.