Please note the following for Baltic Exchange freight market information publication:
The last 2016 publishing day for all spot/physical rates is this Friday (23 December).
BFA/BOA curves will be published on 28,29 & 30 December for dry and wet.
23 December is a rollover day, therefore the “current month” changes to January. On Capes, FFA Panellists will no longer be asked for their 4TC curves as the Baltic will derive the 4TC value from the 5TC (see below for details).
Please note that 23 December is also a relevant date for the Tankers as we will thereafter need to reflect the 2017 Flat rates in the curves, see below.
Click here to download details of 2017 Baltic information non-publication dates.
Worldscale flat rate change reminder (Baltic circular 38/16)
- As we are approaching the end of the year, it is worthwhile to remind everyone of the guidance notes from the Guide to Market Benchmarks (Appendix 3, 5b), regarding the end of year Worldscale change.
Panellists are required to report their assessments according to the current Worldscale rates prevailing up to the last reporting day of the year (23 December 2016). Thereafter (3 January 2017 onwards) the next year’s Worldscale rates will apply.
- Where fixtures are concluded in 2017 on the old (2016 Worldscale), we would respectfully remind and request that panellists should take this in to consideration and calculate the new equivalent on 2017 Worldscale rates.
- With regards to the Tanker BFA curves, since the last settlement day of the year is 23 December 2016 this is also rollover, so the current month for that day and 28, 29 & 30 December 2016, when the curves are still produced, will be January and the new Worldscale rates will also apply since current year is then 2017.
Capesize reporting changes – reminder (Baltic circular 40/16)
Following Circulars 30/16, 29/15 & 35/15 and previous announcements we would like to remind all users that the following differential will be applied to generate the published value for the 172,000 4TC average from 3 January 2017.
From 3 January 2017 the differential to the 180,000 5TC average will be -$1,064.
As this Friday is a rollover day, the current month will change to January, therefore this change will be implemented from 23 December onwards for the BFA Cape curves.
From 23 December 2016 FFA Panellists will no longer provide the curves for the 172,000 4TC, as the Baltic will publish a derived value basis the above differential.
All relevant data is available from the Baltic Exchange website.
Any questions or comments should be referred to email@example.com.