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.
CMA CGM has passed the 90% ownership threshold of Neptune Orient Lines (NOL) and now plans to delist the company from the Singapore Exchange (SGX).
The Baltic Exchange has responded to a new broker association that is concerned over data that they supply for its indices should a sale to the Singapore Exchange (SGX) go ahead.
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.