The Baltic Exchange is moving the time of the publication of its nine capesize routes and index (BCI) forward by two hours to 1100 (London) from today (1 February 2013). The move underlines the increased levels of chartering authority in the Asia-Pacific region and follows a period of consultation with the market.
Baltic Exchange Chief Executive Jeremy Penn said: “Whether it’s changing publishing times or vessel descriptions, the Baltic Exchange works hard to ensure that its products reflect the ever-changing shipping markets, and especially the needs of the users of our services in Asia. This change reflects the reality of today’s capesize market.”
The Baltic Exchange publishes a series of freight rate assessments for the shipping markets from both its London and Singapore offices which are widely accepted as the benchmark rates for the dry and wet bulk shipping sectors.
The Baltic Exchange publishes the following daily assessments for the capesize market:
|C2||160000lt Tubarao -Rotterdam|
|C3||160000mt or 170, 000mt Tubarao – Qingdao|
|C4||150000mt Richards Bay – Rotterdam|
|C5||160000mt or 170, 000mt W Australia – Qingdao|
|C7||150000mt Bolivar – Rotterdam|
|C8_03||172000mt Gibraltar/Hamburg trans Atlantic RV|
|C9_03||172000mt Continent/Mediterranean trip Far East|
|C10_03||172000mt Pacific RV|
|C11_03||172000mt China/Japan trip Mediterranean/Cont|
The Baltic Exchange
The Baltic Exchange is the world’s only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 600 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic.
Baltic Exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels.
In June 2011 the Baltic launched Baltex, an FSA approved Multilateral Trading Facility for dry freight derivatives. Baltex brings the dry bulk FFA market to one central location, enabling traders, brokers, shipowners and charterers to trade electronically.
Baltic Exchange services • Independent, high quality dry, wet and gas freight market information • Self-regulated chartering, sale and purchase and freight derivatives markets • Central forum for competing freight market interests • Framework ensuring high standards of business practice and co-operation • London-based business facilities for members