Singapore has remained the top international shipping centre for the sixth year running according to Xinhua and the Baltic Exchange annual index which sees no changes in the top eight centres from 2018.
Veteran shipbroker Denis Petropoulos has been elected as the new chairman of the Baltic Exchange Council.
Containership owner Seaspan Corp is moving ahead with an investment plan that could see it rescuing bankrupt Singapore offshore player Swiber Holdings.
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.