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.

The Singapore Exchange (SGX) is making a GBP77.6m ($103.49m) all cash bid for the Baltic Exchange following over two months of exclusive discussions.

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.

Baltic Exchange has sent a new agreement to all its panelists that should pave the wave for a finalisation of an offer by the Singapore Exchange (SGX) to make a offer to buy the London-based shipping institution.

A survey by the Singapore Exchange (SGX) indicates that market participants have become more cautious about when a sustainable balance will be achieved in the dry bulk shipping market.

Exclusive discussions over the sale of Baltic Exchange to the Singapore Exchange (SGX) have been extended by up to another two months.

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