LONDON, March 27 (Reuters) - The Baltic Exchange has opted to keep its benchmark shipping indices unchanged, despite calls from some market players for the data provider to include fuel cleaning systems that vessels can fit due to a major regulatory change next year. From January 2020, UN shipping agency the International Maritime Organization (IMO) will ban ships from using … [Read more...]
Baltic Exchange to Launch New Container Shipping Index
LONDON, April 25 (Reuters) - London's Baltic Exchange is developing a container shipping index with Hong Kong-headquartered group Freightos in another sign that the centuries-old business is moving into new markets. Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates, including ones used by the … [Read more...]
Baltic Exchange Sets Course Towards Grains, Gas and Even Air Freight
By Jonathan Saul LONDON, April 25 (Reuters) - The Baltic Exchange, owned by Singapore Exchange, plans to launch new indexes for grains, gas and potentially air freight in its biggest shake-up for more than a decade, according to executives and two sources familiar with the matter. The London-run company operates the world's leading shipping freight index, which tracks rates … [Read more...]
Baltic Index Approaches 6-Month Low
by Arpan Varghese (Reuters) - The Baltic Exchange’s main sea freight index extended its slide to a fourth straight session to touch a near six-month low on Thursday, as rates fell for all vessel segments amid a seasonal slowdown in demand. The overall index, which tracks rates for ships carrying dry bulk commodities, dropped by 38 points, or 3.3 percent, to 1,114 points, the … [Read more...]
London’s Baltic Exchange to Close Ship Futures Platform Baltex
LONDON, July 31 (Reuters) - The Baltic Exchange will close its freight derivatives platform Baltex at the end of the year after a review, the London-run business said on Monday. Baltex was launched by the centuries-old Baltic Exchange in June 2011 as the first central electronic marketplace for freight forward agreements (FFA), which allow investors to take positions on … [Read more...]