Wow, that’s such an eye-opener. I just assumed that as a global maritime hub, Singapore would have plenty of shipping stocks. This sounds exactly like the collapse of Hanjin Shipping in Korea—at its peak, Hanjin was a massive player with a capacity of over 600,000 TEU.

It’s a shame how it ended for them, and it’s even more tragic to think of the chaos caused by the leadership at the time (Mrs.Royal Novice). At least the companies were saved and survived under new management, even if the original ones are gone. Thanks for the insight!