The following companies may have unusual price changes in Singapore trading today. Singapore’s Straits Times Index fell 0.4% to 3,149.36.

Bulk shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, gained 0.9% in London yesterday.

 

Cosco Corp. Singapore (COS SP), a China- based shipbuilder that also operates bulk carriers, slipped 2.1% to $1.86. Mercator Lines (Singapore)  (MRLN SP), an Indian bulk carrier, rose 1.% to 29 Singapore cents. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, lost 2.5% to $14.30.

 

Here are some stocks to watch say Bloomberg and Thomson Reuters

 

Noble Group (NOBL SP), a Hong Kong-based commodities supplier, fell 2% to S$1.95. Olam International (OLAM SP), a Singapore-based supplier of agricultural commodities, declined 2.2%t to $3.11.

 

China Aviation Oil Singapore Corp. (CAO SP): The supplier of jet fuel to China said the company and BP Plc, its second- largest shareholder, have entered into an agreement for a collaboration, which will take effect on Jan. 1, 2011. China Aviation dropped 3.1% to $1.56.

 

CSC Holdings (CSC SP): The construction company has won contracts worth more than $50 million for foundation works in the past three months, it said in a release. The shares retreated 2.9% to 17 cents.

 

Freight Links Express Holdings (FLE SP): The provider of freight forwarding and warehousing services plans to raise about $600 million selling shares in an initial public offering for a Shariah-compliant real-estate investment trust, the Business Times reported. Freight links plans to list the REIT, which would hold about $850 million of industrial properties in Singapore, by the end of this year, the newspaper said, citing people it didn’t identify. The shares jumped 6.7% to 8 cents.

 

Singapore Press Holdings  (SPH SP): The company said full-year net income rose to $497.9 million from $421.9 million the previous year. Analysts had expected profit of $511.2 million, based on 15 estimates compiled by Bloomberg. The stock slid 0.2% to $4.22.

 

Yangzijiang Shipbuilding Holdings (YZJ SP): The China- based shipbuilder said it set up a new subsidiary in China that will engage in supply of marine equipment and materials, according to a company statement. The stock fell 0.5 % to $1.87.

 

ECS Holdings (ECHS.SI) Information technology firm ECS Holdings said on Tuesday it is considering a proposal to offer and list Taiwan Depository Receipts, comprising new ordinary shares, on the Taiwan Stock Exchange.