The Baltic Exchange and Singapore Exchange (SGX) have agreed to extend the period of exclusive discussions regarding an offer for the Baltic from 30 June 2016 to 31 August 2016. The exclusivity agreement was signed on 25 May 2016 to allow the Baltic to consult with stakeholders and undertake discussions with SGX.

Over the past weeks the Baltic and SGX have together met with Baltic shareholders, members and panellists as well as the wider stakeholder community to discuss the potential transaction and have made good progress in consultations. The extension to the period of exclusivity allows this dialogue to continue.