A tumultuous week for the dry bulk freight market, though one in which the main action was off-market.

The Singapore Exchange (SGX) has moved a step closer to acquiring the Baltic Exchange as the two parties enter into exclusive discussions.

For those who went to the Baltic Exchange’s reception at the British High Commissioner’s residence, Eden Hall, in Singapore on Wednesday evening anticipating a major announcement, they were to be disappointed.

Singapore terminal operator PSA International is issuing $500m worth of bonds.

The Baltic Exchange has confirmed it has received a number of “exploratory approaches” about a possible buyout, but says no firm offer has been made at this stage.

The Singapore Exchange (SGX) has confirmed it has made a bid to acquire the Baltic Exchange.

Mermaid Maritime has added itself to the growing list of offshore marine companies warning of or reporting losses for 2015.

Singapore-listed shipping trust Rickmers Maritime is warning of a Q4 and full year loss as impairments on the value of its fleet.

CMA CGM plans to delist Neptune Orient Lines (NOL) from the Singapore Exchange (SGX) in its $2.4bn takeover.

Struggling Mercator Lines (Singapore) has asked for a stock trading suspension, as HSH Norbank applies for the appointment of interim judicial management.

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