Chris Reilly, the newly appointed chairman of Competitive Shipbrokers Ltd (CSBL), says the sale of the Baltic Exchange to SGX has cleared the way for it to shape a new future and tighten up its act.
The transaction had provided an exit from the “impasse” that had prevented the “old” Baltic from progressing.
Ownership had become concentrated in the hands of a few shareholders, whose interests were not aligned with the majority of Baltic members.
