Singapore shares may open a tad lower on Tuesday after main Wall Street indices slipped overnight on concerns Europe’s credit woes may spread despite an agreement to bailout Ireland. Singapore’s benchmark Straits Times Index <.FTSTI> ended flat on Monday at 3,158.21 points. Here are some stocks and factors to watch, say Bloomberg and Thomson Reuters:

Bulk-shipping companies: The Baltic Dry Index, which measures the cost of shipping commodities, fell 1.2% in London yesterday, extending its three-day decline to 3.1%. Cosco Corp. Singapore (COS SP), a China-based shipbuilder that also operates bulk carriers, slipped 0.5% to $2.05. STX Pan Ocean Co. (STX SP), South Korea’s biggest bulk carrier, lost 1.7% to $13.66.

Global Logistic Properties (GLP SP): The logistics company, whose customers include Wal-Mart China, Deutsche Post AG’s DHL and FedEx Corp., said second-quarter net income more than tripled to $112.7 million from $36 million a year earlier. The shares gained 0.5% to $2.22.

Stats Chippac (STAT SP): The Singapore-based provider of semiconductor test and assembly services said it has shipped more than 100 million chips using copper wire bonds this year and expects production to grow by another 75% by the end of the year due to strong demand. The stock was unchanged at 90 cents.