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 has launched an escrow service for ship sales, which it is looking to expand to other areas.

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.

The Baltic Exchange has formed an LNG Panelists Group as it looks to develop an LNG shipping index.

Singapore-listed offshore vessel owner Pacific Radiance is seeking to restructure some $519m in debt.

Yinson Holdings has raised $100m from a perpetual bond issue through its Yinson Juniper unit under its $500m multi-currency perpetual securities programme, the FPSO player said in a stock market announcement.

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