Baltic Exchange

Baltic Exchange and Veson Nautical launch revamped Baltic99 Questionnaire to enhance bulk carrier vetting processes

27 February 2025

Baltic Exchange and Veson Nautical launch revamped Baltic99 Questionnaire to enhance bulk carrier vetting processes

Boston/London – February 27, 2025: Baltic Exchange, the world’s only independent source of maritime market information for the trading and settlement of physical and derivative contracts, and Veson Nautical, a global leader in maritime data and freight management solutions, have joined forces to launch the latest version of the official Baltic99 questionnaire for...

https://allaboutshipping.co.uk/2025/02/27/baltic-exchange-and-veson-nautical-launch-revamped-baltic99-questionnaire-to-enhance-bulk-carrier-vetting-processes/

Baltic Exchange enters the Chemical Tanker Market with New Chemical and Agricultural Oil Freight Assessments 

Baltic Exchange has launched a new series of chemical and agricultural oil assessments to meet the evolving needs of the maritime freight market.

Baltic Exchange has launched a new series of chemical and agricultural oil assessments in order to meet the evolving needs of the maritime freight market and bring its renowned expertise and benchmarking data to the chemical and agri-oil shipping sectors. 

The Baltic Chemical and Agricultural Oil Assessments (BCAA) will be produced on a weekly basis as...

https://allaboutshipping.co.uk/2025/02/05/baltic-exchange-enters-the-chemical-tanker-market-with-new-chemical-and-agricultural-oil-freight-assessments/

Rapid rate declines expected in February

Vespucci Maritime CEO Lars Jensen said in a Baltic Exchange report that the alliance reshuffling is expected to result in short-term overcapacity in February.

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jQuery(document).ready(function(){ jQuery(‘#dd_ba85988625b3b063a4b42354b64d3bcd’).on(‘change’, function() {...

https://container-news.com/rapid-rate-declines-expected-in-february/

US East Coast strike risk could mean more spikes in freight rates

There is a real risk of labour disruptions in US East Coast ports, given the breakdown in negotiations between the union and the terminals in June, according to Baltic Exchange’s latest container shipping report.

Writing in the report, Vespucci Maritime CEO Lars Jensen said any strike in US East Coast ports will dramatically worsen the global supply/demand dynamics as it will create significant port congestion and vessel delays.

Jensen noted that when Ever Given got stuck in the Suez Canal, this...

https://container-news.com/us-east-coast-strike-risk-could-mean-more-spikes-in-freight-rates/

Weekly Composite Index of Container Freight Rates by Ningbo Shipping Exchange

The Ningbo Containerised Freight Index (NCFI), compiled by the Ningbo Shipping Exchange and promoted by the Baltic Exchange, provides a weekly composite of container freight rates. The index covers rates for 20ft, 40ft, and Hi-Cube containers.

Weekly Index Overview

The NCFI is updated every Friday at 1600 (Beijing) except during Chinese holidays. For the week ending on June 14, 2024, the index showed the following changes compared to the previous week (June 7, 2024):

  • Ningbo to Europe: 3043.72, up...

https://mfame.guru/weekly-composite-index-of-container-freight-rates-by-ningbo-shipping-exchange/

Red Sea developments fail to overcome seasonal lull as rates correct

With the Chinese New Year over and liner operators adjusting their operations to accommodate the diversions round the Cape of Good Hope, rates have peaked and are likely to face downward pressure until the next pick-up in the third quarter, according to the Baltic Exchange’s report.

Freightos’ research lead, Judah Levine, one of the report’s writers, noted that rates from Asia to North Europe and the Mediterranean declined throughout February. North Europe rates decreased by 17% to US$4,553/FEU...

https://container-news.com/red-sea-developments-fail-to-overcome-seasonal-lull-as-rates-correct/

Red Sea crisis changes container shipping situation from glut to tightness

The closure of the Suez route has changed the fundamental outlook for container shipping in 2024, with a potential capacity crunch in Asia looming in the short term, according to the January report of the Baltic Exchange.

In the report, Vespucci Maritime CEO Lars Jensen wrote that up until mid-December 2023, the baseline outlook for 2024 was for a continued cyclical downturn likely with freight rates bottoming out in late 1Q or early 2Q 2024.

Jensen wrote, “After this, it was anticipated that...

https://container-news.com/red-sea-crisis-changes-container-shipping-situation-from-glut-to-tightness/

Tankers International, Baltic Exchange team up to boost data sharing for VLCC fixture app

Tankers International, a London-based shipping pool for very large crude carriers (VLCCs), revealed it will be partnering with the Baltic Exchange to further enhance data sharing and the provision of market insights for its VLCC fixture app.

The post Tankers International, Baltic Exchange team up...

https://www.offshore-energy.biz/tankers-international-baltic-exchange-team-up-to-boost-data-sharing-for-vlcc-fixture-app/

Baltic Exchange Gas Report : VLGC Auction Price Is Playing On People’s Minds

LNG

With Australia-Japan BLNG1g hovering with a close of $146,642 (a rise of just shy of $2,000) on the week, there have been firm enquiries made for Australia liftings in December with a few other FOB cargoes reported in the AG. Tonnage is available with sublet ships being shown, while currently major players are well covered on their own programs.

The US market saw some drops on the indices but there is no doubt the VLGC auction price is playing on people’s minds. With ships looking at huge...

https://mfame.guru/baltic-exchange-gas-report-vlgc-auction-price-is-playing-on-peoples-minds/

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