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Key shareholders of Poh Tiong Choon Logistics to review their holdings

THE co-founders of Poh Tiong Choon Logistics (PTC Logistics) and some substantial shareholders, who collectively hold a 41.3 per cent interest, are seeking a strategic review of their stakes. They have sent a letter dated Sept 19 to the company, saying that they are in the process of appointing KPMG Corporate Finance for the review. On Sept 20, PTC Logistics requested at 10.25 am a trading halt w...


S'pore plans intelligent forecasts for shipping

AS the saying goes, it is difficult to focus on draining the swamp when you are up to your neck in crocodiles. Right now the ramifications of the Hanjin collapse are probably much higher on the "to do list" of most in the global shipping industry than plotting a course into the 2030s. Long term thinking is, though, essential, and it is good to hear that the Maritime and Port Authority of Singapore...


Finnish marine group puts up five industrial properties for sale

AS part of its global exercise to go asset-light, Wartsila Singapore - the Singapore unit of Finland-listed marine and energy player Wartsila - is putting up five industrial properties here for sale via an expression of interest (EOI). Two properties located at 11 Pandan Crescent and 14 Benoi Crescent will be sold on sale-and-leaseback arrangements, while the other three properties at 43, 45 and...


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