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Baltic Exchange announces planned departure of Chief Executive

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The Baltic ExchangeThe Baltic Exchange has announced that its Chief Executive, Jeremy Penn will step down from the position next summer after over 12.5 years in the role.

“Jeremy advised the Board some time ago of his plans and we will of course be sorry to lose him. We are now in a position to launch a formal search for his successor, which will be managed by Odgers Berndtson, ” said Guy Campbell, Chairman of the Baltic Exchange.

Jeremy Penn said:

“It has been a privilege to work for the interest of the Baltic, its members and shareholders for the last 12 years and in many ways I shall be sorry to go. However, now is the time to give myself the opportunity to pursue other projects and interests, some of which will certainly be in shipping.”


Jeremy Penn

Jeremy Penn

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 640 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.

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

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