SGX Backs Baltic Exchange as It Disputes Mercuria TD3C Benchmark Claim

An update from Singapore Exchange ( (SG:S68) ) is now available.

Singapore Exchange has responded to media reports that its subsidiary, Baltic Exchange Information Services, is facing a claim from Mercuria Energy Trading over the production of the TD3C tanker freight benchmark amid ongoing events in the Gulf. SGX said the Baltic denies allegations that it failed to meet statutory and contractual obligations and emphasised that the benchmarks are produced under robust governance, with the Baltic expressing full confidence in its processes and vowing to contest the claim vigorously.

The dispute puts a spotlight on the integrity and oversight of critical shipping benchmarks that underpin trading and risk management in global energy markets. By publicly backing the Baltic’s methodologies and governance framework, SGX is signalling its intent to protect the credibility of its benchmark business and reassure market participants who rely on these indices for pricing and hedging decisions.

The most recent analyst rating on (SG:S68) stock is a Buy with a S$22.50 price target. To see the full list of analyst forecasts on Singapore Exchange stock, see the SG:S68 Stock Forecast page.

More about Singapore Exchange

Singapore Exchange (SGX Group) is Singapore’s primary securities and derivatives marketplace, operating trading, clearing and market data services across equities, fixed income, currencies and commodities. Through its subsidiary Baltic Exchange Information Services, it provides key maritime freight benchmarks used globally by energy and shipping market participants for pricing and risk management.

Average Trading Volume: 3,266,812

Technical Sentiment Signal: Buy

Current Market Cap: S$23.24B

Learn more about S68 stock on TipRanks’ Stock Analysis page.