29 May '16, 11am

Singapore bourse in Baltic Exchange talks

The Baltic Exchange, one of the City’s oldest institutions, may be set for foreign ownership after it agreed to exclusive talks with SGX, the Singapore Exchange. This is more than two months after the Baltic Exchange , which compiles the Baltic Dry index that charts the cost of transporting commodities, such as iron ore and grain in bulk across the globe, first revealed it was in discussions with a number of suitors. The price tag was about $100m then. However, talks were stalled by concerns among Baltic’s members that a new owner would raise prices sharply. SGX , one of Asia’s largest bourses, wants to build links with London to extend Singapore’s position as a global maritime hub. The city state is the world’s second busiest port by tonnage and the largest bunkering (refuelling and storage of petroleum products) and trans-shipment hub. The Baltic has developed forward fr...

Full article: http://cultureacross.com/singapore-bourse-in-baltic-excha...

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Singapore bourse in Baltic Exchange talks

livefeatured.com 29 May '16, 10pm

The Baltic Exchange, one of the City’s oldest institutions, may be set for foreign ownership after it agreed to exclusive ...

Singapore bourse in Baltic Exchange talks

essentialsecho.com 25 May '16, 4pm

The Baltic Exchange, one of the City’s oldest institutions, may be set for foreign ownership after it agreed to exclusive ...

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