ASL Marine and Yangzijiang among 12 constituents to form new Maritime Index

Wednesday, September 9, 2009

ASL Marine and Yangzijiang are among the 12 constituents of the new FTSE ST Maritime Index launched by Singapore Press Holdings (SPH), Singapore Exchange Limited (SGX) and FTSE Group (FTSE).

FTSE ST Maritime Index – ASL Marine Holdings, Cosco Corp, Courage Marine Group, First Ship Lease Trust, Jaya Holdings, JES International Holdings, Mercator Lines, Neptune Orient Lines, Rickmers Maritime, STX Pan Ocean, Swissco International, Yangzijiang Shipbuilding Holdings.

The index reflects the strength of the maritime component of companies in the energy, offshore and shipping industries listed on SGX; underlines the Exchange’s efforts in enhancing this sector.

The FTSE ST Maritime Index comprises 12 companies that have at least 55% of their revenue derived from maritime related activities including the manufacturing, ownership, operation and repairing of commercial and/or cargo vessels.

The new index provides investors and analysts a benchmark tool to track and measure the performance of SGX listed companies in the maritime industry that meet the indexing standards required by international investors.


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