The Baltic Exchange on SALE

Baltic Exchange might be taken over for $2.55bn by Chinese interests. 270 year old The Baltic Exchange story arrives courtesy of the The Southeast Asian bourse operator Singapore Exchange Ltd (SGX). the SGX is leading in Iron Ore and LNG. Singapore soon will be Asian maritime centre and The Baltic Exchange is clearly now on the sales block. SGX is unlikely to be the only bidder. The Baltic Exchange is not a huge business in financial terms, probably worth less than $150m, but it has a big strategic importance to shipping and maritime. The Baltic Exchange soon will lose its independence.