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.
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.
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.