Singapore’s listed shipping and maritime companies continue to rank poorly in terms of governance and transparency, according to an annual index.
Seatrium, which was rebranded from Sembcorp Marine in April 2023, was the highest-placed company on the Singapore Governance and Transparency Index (SGTI) in 38th place, but this was down from 24th place a year ago.
The SGTI looks to evaluate companies based on their corporate governance practices and disclosures, as well as the timeliness, accessibility and transparency of their financial results.
