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.
Singapore is aiming to play a role in the pricing of LNG in Asia with a new weekly index, forming part of its ambitions to be a trading hub for LNG.
Triton Investments No.8 have bought a 80.77% stake in struggling Singapore-listed offshore player Japser Investments for just SGD1.25m ($899,487), a discount of 93.33% over its last traded price.
The share price of offshore yard group Vard plunged around 28% in early trading, prompting an investigation from the Singapore Stock Exchange (SGX).
Leading dry bulk players believe the worst maybe over for the capesize market with a high volume of scrapping, and a lack of forward cover by charterers, giving the possibility of spikes in the market.
Despite an extremely weak dry bulk in April the Singapore Exchange (SGX) reported a 700% increase year-on-year for freight derivative volumes.
Noble Group’s shareholders overwhelmingly voted to approve the company’s accounts on Friday, following recent allegations of improper accounting.