January in review

Welcome to the Baltic Monthly Review, bringing you the latest news and comment on industry developments from the heart of the Baltic Exchange. We’ll be including updates on our services and exclusive invites to some of our 40 events across the globe each year.

To find out more about the benefits of joining the Baltic, click the on link below.

Using Baltic Exchange data for financial settlement

You may have seen a recent advertisement placed by the Baltic Exchange across the shipping industry press, highlighting its data licence policy.

Baltic Data is widely referenced in the maritime and financial markets. It is also used for the settlement of both physical and derivative contracts. It is clear that in some cases, users are unaware that a licence needs to be in place in order for the data to be utilised in this manner.

Please be advised that use of Baltic Data without the proper licence is a breach of the Baltic’s terms of use and Baltic Exchange Data Policy as well as an infringement of the Baltic’s rights in and to Baltic Data. Read more

News

New Baltic Code
For the past year the Baltic – working with Norton Rose Fulbright – has been reviewing the Code with the aim of updating it to better reflect the compliance and operational challenges.
Read more

2019 volatility lifts freight derivative volumes
The freight derivatives markets for both tankers and dry cargo vessels saw increased traded volumes in 2019 according to data released by the Baltic Exchange.
Read more

Make room for LPG as a marine fuel
In the race to take first place in the competition for shipping’s best alternative to high sulphur fuel oil, much has been made of the advantages of liquefied natural gas (LNG).
Read more

Legal test for “usual and customary route”
Court delivers clarity on what is a contractual route and what is a deviation.
Read more

Slow climb out of the trough
The International Monetary Fund’s release of full-year economic data for 2019 makes uncomfortable reading.
Read more

IEA: “This is not the end of coal”
A historic drop in coal-fired electricity generation will not sway global coal demand from its upward trajectory through to 2024, though growth will not be as steep as it has previously been.
Read more

Recent market updates

Circular 04/20 – Capesize 5TC Forward Curves, here
Circular 03/20 – Cape Update, here
Circular 02/20 – Baltic Exchange January 2020 Non-Publishing Date, here
Circular 01/20 – Baltic Exchange Panamax reporting, here
Access all circulars here

Upcoming events & training

Baltic ICS Series: Lecture 3 – Economics
11 Feb, Athens/London
Hear from James Leake, NS Lemos & Co on shipping cycles, current market trends and future drivers. Or from Dr Konstantinos Galanis, MICS on the evolution of ship recycling.
Find out more

Baltic Exchange Quiz Night
13 Feb, London
Join us for the annual Baltic Pub Quiz. Tickets are available in groups of six, with food provided. With limited availbility, book ASAP to register your space.
Find out more

Tanker Freight Risk Forum
24 Feb, London
Join the freight side of oil commodity markets, alongside charterers, owners and broker,s for the market gathering of what has been one of the most volatile years on record.
Find out more

Houston Tanker Derivatives Lunch
4 Mar, Houston
Join us for a meeting with the FFA Brokers Association and an in-depth analysis of the physical freight, tanker, LNG and FFA markets.
Find out more

Freight Derivatives & Shipping Risk Management
9,10 Mar, London
The aim of this course is to raise market awareness of risks involved in shipping businesses and how various physical and derivatives instruments can be used to control such risks efficiently and effectively.
Find out more

Advanced Freight Modelling & Trading
11, 12 Mar, London
This module focuses on modelling freight rate dynamics and pricing options on freight. From constructing forward curves on freight, modelling freight rate volatility to hedging and trading strategies using freight options.
Find out more

The Baltic Irish Society Dinner
14 Mar, London
With over 400 attendees from across the globe, join us on 14 March for one of the best attended shipbroker events of the year.
Find out more

View all upcoming events

If you have any questions or queries about the benefits of subscribing to the Baltic’s data and services, please do not hesitate to get in touch.

The Baltic Exchange

January in review

Using Baltic Exchange data for financial settlement

News

Recent market updates

Upcoming events & training

ESPO Monthly Overview – January 2020

How does Coronavirus affect shipping? Read BIMCO’s Shipping Number of the Week

You may also like

Leave a Comment Cancel Reply