The Business Times
Tay Peck Gek

Tay Peck Gek

SENIOR CORRESPONDENT

Former fixture at the supreme court house where this reporter had the privilege to see how the razor-sharp minds exercise their wisdom in upholding justice. From following the smart minds to following the smart money now, this newshound hopes to report quality transportation, logistics and legal news.

emailpeckgek@sph.com.sg
Shares of SIA have fallen 7.4% since the Middle East conflict erupted.
BROKERS’ TAKE

CGSI cuts SIA’s earnings projections for FY2027 by nearly 40% as fuel prices surge

Research house also trims its forecast for group’s FY2026 core net profit by 4%

Low Tuck Kwong was the fourth-wealthiest person in Indonesia in 2025, says Forbes.

Low Tuck Kwong sues Peter Kwee for A$9.6 million over alleged material defects

This pertains to a S$32.2 million agreement to buy out Kwee’s shares in three companies that own properties

OCBC has been ordered to pay the costs of the appeal of S$100,000 to the insurers because they won their appeal.

OCBC cannot claim US$56 million from insurers for the capsized vessel it funded: Court of Appeal

Court says bank had not proved rig was lost by peril of the seas as it did not offer a cause of seawater entering vessel by chance

Maersk's intermodal fuel fee for Singapore is S$50 a trip within Jurong, and S$65 a trip outside the area.

Maersk, Hapag-Lloyd, Japan’s Ocean Network slapping on fuel surcharge for road transport

Inland part of intermodal freight covers all transport over land using modes such as trucks, and is typically bundled with ocean freight

World Gateway II is Maersk's largest investment in Singapore to date.

Maersk’s S$200 million, fully automated warehouse opens in Singapore

It will double the company’s footprint to more than 2 million sq ft and is equipped with the latest in automation tech

Container shipping indices are reflecting the increases in freight costs.

Singapore sea freight companies hit with 50% fuel surcharge; war insurance premium also jacking up costs

One firm had to reroute cargo of used car parts to Dubai via India, raising the shipping cost five times

Asia bunker premiums have reached record highs in anticipation of tighter supplies, with some ships struggling to refuel.

No significant changes in vessel arrivals; Singapore has adequate marine fuel, says MPA

The authority’s responses are to queries on pre-emptive actions it is taking to address possible congestion, shortages

The Straits Times Index was 0.1% lower than a week ago.

Elevated crude prices rein in Singapore shares performance; STI down 0.3%

Decliners beat gainers 313 to 266 across the broader market, with 1.4 billion securities worth S$1.8 billion transacted

The Straits Times Index is down 8.48 points at 4,855.33, while the iEdge Singapore Next 50 Index is up eight points at 1,445.12.
STOCKS

Blue chips close lower in Singapore; STI slides 0.2%

Across the broader market, decliners beat gainers 302 to 262, as 1.5 billion securities worth S$2 billion change hands

Yangzijiang Shipbuilding gains 0.5% on Mar 11 on news it will buy a 10% stake in Poseidon Corp, the parent company of Seaspan Corporation, which is the world’s largest lessor of container ships.

Singapore blue chips edge up 0.1% as lower oil prices ease war anxieties

The iEdge Singapore Next 50 Index rises 20.06 points or 1.4% to 1,437.12 points

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