Launch of new FTSE ST Maritime Index reflects SGX’s sector strength

Launch of new FTSE ST Maritime Index reflects SGX’s sector strength


Singapore Press Holdings (SPH), Singapore Exchange Limited (SGX) and FTSE Group (FTSE) will launch the new FTSE ST Maritime Index on 1 September 2009.

The launch of the FTSE ST Maritime Index reflects the strength of the maritime component of companies in the energy, offshore and shipping industries listed on SGX; and underlines the Exchange’s efforts in enhancing this sector. This is in line with Singapore’s aim to be a leading international maritime centre. The new index provides investors and analysts a benchmark tool to track and measure the performance of SGXlisted companies in the maritime industry that meet the indexing standards required by international investors.

As an extension of the FTSE ST Index Series, 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. Companies are classified using ICB, the leading sector classification system. This system enables companies in the index to be used by investors worldwide in peer-to-peer comparisons on a regional and global basis, leading to increased international understanding of Singapore’s maritime sector.

The FTSE ST Maritime Index is based on FTSE ST All-Share Index and all constituents are subject to FTSE’s globally recognised index methodology and eligibility criteria. The list of starting index constituents is available in Appendix 1. The index will be next reviewed in March 2010.

The FTSE ST Maritime Index values will be displayed alongside the real-time, intra-day values of the STI and other FTSE ST indices displayed at the following websites:



FTSE will distribute the new index in real-time to distributors globally via its Global Distribution System, and will also display the end-of-day index values on its website at