The Singapore Exchange (SGX) has moved a step closer to acquiring the Baltic Exchange as the two parties enter into exclusive discussions.
South Korea’s Hanjin Shipping announced that it has sold its London office for KRW66.7bn ($57.2m) as the shipowner attempts to ease its liquidity shortage and reduce debts.
Hellenic Carriers is mulling de-listing from AIM - the London Stock Exchange market for smaller, growing companies - after its losses doubled to $33.9m 2015 from $16.9m the previous year.
Classification society ABS has promoted London-based Dr. Kirsi Tikka to the role of executive vp – global marine, thereby centralising its strategic planning, client development, and product and service offerings.
Bob Baker has been appointed to succeed outgoing chief harbour master David Phillips at the Port of London Authority (PLA), after a 14-year stint in the same capacity at Forth Ports.
There is a tendency in the UK to talk about London as though it were the only place fit to do business, and with a rich maritime history, the Baltic Exchange and the headquarters of the IMO on its side, shipping is no exception.