Baltic Exchange Information Services Limited (BEISL) has published its latest independent assurance reports following its most recent audit by PricewaterhouseCoopers LLP (PwC).
The independent audits, which are commissioned annually by the directors of BEISL, are conducted to ensure the way Baltic Exchange assesses ocean bulk and container markets remains robust and complies with the national and international regulations, guidelines and principles it is required to adhere to. These include...
Baltic Exchange has launched the maritime industry’s first-ever free Fuel Equivalence Converter, a reliable, easy-to-use digital calculator that helps owners, traders, brokers and charterers to navigate the complexity of the physical properties of the wide variety of marine fuels that are currently available on the market.
The Fuel Equivalence Converter is the latest resource provided by Baltic Exchange to help shipping players...
The week in the capesize market concluded with a continued trend of declining rates. In the Pacific region, despite the addition of a second major player later in the week, trading remained lacklustre. Rates for C5 fell by a total of $2.20 throughout the week, reflecting the prevailing bearish sentiment. The tonnage list expanded, adding further pressure to rates. Brokers had noticed an increase in coal cargo activity from Indonesia and the East Coast of...
https://mfame.guru/baltic-exchange-bulk-report-rates-for-c5-fell-by-a-total-of-2-20/
2021 record year for dry freight derivative volumes
The freight derivatives market for dry cargo vessels saw increased traded volumes in 2021, according to data released by the Baltic Exchange.
Dry Forward Freight Agreement (FFA) volumes hit 2,524,271 lots, up 61% on 2020. Options trading in the dry market hit an all-time high of 409,255, up 25% on the previous year. The most heavily traded contract was settled against the Baltic Exchange’s panamax timecharter assessment (PTC) which saw 1,202,432...
https://allaboutshipping.co.uk/2022/01/11/2021-record-year-for-dry-freight-derivative-volumes/
Baltic Dry Freight & Commodities Forum
When: Thursday 11 November, 13:00-17:00
Where:Hotel President Wilson, a Luxury Collection Hotel, Geneva
The FFA Brokers Association (FFABA) and Baltic Exchange are delighted to invite guests to join the first major in-person Dry Freight & Commodities Forum since 2019, taking place on the 11 November from 13:00 in Geneva.
After decade high rates for dry cargo markets, the Forum looks at the future, what’s driving the underlying and what lies ahead for dry bulk...
https://allaboutshipping.co.uk/2021/10/13/baltic-dry-freight-commodities-forum/
PWC completes Baltic Exchange benchmark assurance audit
Independent auditor PricewaterhouseCoopers LLP (PwC) has undertaken the first annual audit to test the design and operating effectiveness of the Baltic Exchange’s controls for its market benchmark services.
The 73-page report, voluntarily commissioned by Baltic Exchange Information Services Ltd (BEISL), audited the controls implemented by the Baltic Exchange in relation to the bulk freight market which are designed to be...
https://allaboutshipping.co.uk/2021/04/16/pwc-completes-baltic-exchange-benchmark-assurance-audit/
The Baltic Freight and Commodity Forum, Dry bulk: Speakers confirmed
| The Baltic Freight and Commodity Forum – Dry bulk Singapore Maritime Week 2021 |
| When: 20 April 2021, 16:00 – 17:30, Singapore / 09:00 – 10:30, London Where: To watch live or receive a recording register here |
| Join the Baltic Exchange for our dry bulk freight and commodity forum on 20 April 2021 during Singapore Maritime Week. Get the latest updates on the Baltic, and hear from leading market experts on the... |
A recent news published in Yahoo edited by Devika Syamnath says that higher capesize rates buoy Baltic index.
Capesize indexThe capesize index...
https://mfame.guru/demand-for-capesize-vessels-baltic-index-climbs-up/
Baltic Exchange adds new LNG powered seaborne gas assessments
A new set of independent indices for the Liquified Natural Gas (LNG) seaborne trade went live this week (2 March), based on the carriers burning LNG, rather than marine fuel oil or marine gas oil, as their primary fuel.
Published twice weekly, the new indices have been given the acronym (BLNGg) and will be published alongside the current LNG indices which are based on LNG carriers burning Very Low Sulphur Fuel Oil...
The Baltic Exchange building in the City of London
Baltic Exchange Expands its Escrow Service Offering to Support Chartering Deals
The Baltic Exchange is expanding its escrow service with an offering to mitigate counter party risk during the chartering process. Amongst various uses, the service can support a chartering deal by facilitating and holding a security sum in a dedicated escrow account.
The security sum typically represents a portion of a charter hire amount, which is pre-agreed between...