Singapore Exchange

Fortune has taken a decidedly downward trajectory for Indonesia-focused dry bulk ocean carrier Seroja, which saw a dramatic decrease in profitability in the third quarter of 2019. But that won’t worry the company – it has just agreed to sell its entire business for $32 million.

Revenues were down, costs were flat, profits were down. It was largely an unhappy first half financial year for Singapore Shipping.

Freightos raised an additional $44.4 million in a third round of funding, led by the Singapore Exchange, as it seeks to expand into risk management tools for container shipping.