Singapore-listed shipping and offshore marine firms can heave a sigh of relief on hearing Singapore Exchange’s (SGX) latest announcement to review the minimum trading price (MTP) watch-list criteria.
After close to three months of exclusive discussions, the acquisition of the Baltic Exchange by Singapore Exchange (SGX) is expected to occur towards the end of November 2016.
The Maritime and Port Authority of Singapore (MPA) has introduced a new incentive that will see qualifying Singapore-listed maritime firms benefiting from a maximum of SGD50,000 ($37,000) to help with the production of a ‘Sustainability Report’.
Singapore shipping trust Rickmers Maritime reported a second quarter loss of $55.6m, and is looking at laying-up vessels as panamax rates worsen.
Dry bulk shipowner Courage Marine has proposed to convert its listing status on the main board of Singapore Exchange (SGX) from a primary listing to a secondary listing, while maintaining its primary listing status on the Hong Kong Stock Exchange (HKSE).
Singapore offshore player Vallianz claims business is continuing as usual after its largest shareholder Swiber Holdings filed for liquidation overnight.
Singapore-listed offshore firms moved to distance themselves from the collapse of Swiber on Thursday saying they were in different sectors.
Shares in Singapore offshore vessel owner Vallianz were hammered by investors on Thursday morning in the wake of the collapse of Swiber.