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...]
Baltic Exchange Exploring New Freight Indexes for Grain, LNG Shipping
By Jonathan Saul LONDON, June 14 (Reuters) - The Baltic Exchange is looking into launching freight indexes for grains and liquefied natural gas (LNG) as the London-run business targets new markets after its acquisition by Singapore Exchange last year, the Baltic's chief executive said. Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces … [Read more...]