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
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...

It costs S$50 per trip if it is within Jurong and S$65 outside of the area for Maersk's intermodal fuel fee in Singapore.

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 indexes 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

大士港口的集装箱。 Tag: PSA, Tuas Port, Containers, Cargo, Shipment, Economy, Trade, Trading, Crane, 

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

Generic image of SGX

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's acquisition of a 10 per centstake in Poseidon is viewed favourably by DBS analyst.

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

Yangzijiang Shipbuilding is the only STI constituent to close lower, with a 1.2 per cent or S$0.05 fall to S$4.05.

Singapore blue chips rise 2.2% after Trump says Iran war will end ‘very soon’

The Straits Times Index is up 104.03 points at 4,860.64

Malaysia's Employment Provident Fund (EPF) has trimmed its stake in glove manufacturer Riverstone Holdings on Oct 25, selling 1 million shares worth a total of S$884,000, which works out to a price of S$0.884 apiece. The transaction takes EPF's stake in the company down to 5.98 per cent from 6.05 per cent previously.

Singapore blue-chips tank following sharp spike in oil prices; STI down 1.9%

Only counter on the benchmark index that advanced is Wilmar International

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