The Baltic Exchange chose the occasion of Singapore Maritime Week 2018 (SMW18) to announce a raft of exciting news which has subsequently been widely covered in the press.
Baltic Exchange and Freightos to launch global container freight index
For the first time ever the global container shipping industry will have an independent, audited benchmark thanks to an innovative tie-up between the Baltic Exchange and Freightos, the digital container freight platform.
Baltic Exchange Panellist Brokers enter into charterparty management discussions
The Baltic Exchange has entered into discussions with a group of Dry Panellist Brokers with the aim of jointly developing a charterparty and recap tool for the dry bulk market. The goal is for the Baltic Exchange and Panellists to work together and produce an industry standardised recap manager and charterparty editor.
Baltic Exchange launches Escrow Service for vessel sales
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exchange members to take advantage of the Exchange’s trusted position in the marketplace when undertaking the sale or purchase of a vessel.
Baltic Exchange sets out modernised Code for freight market
The Baltic Exchange will be introducing a modernised code of conduct for shipowners, charterers and shipbrokers using the physical shipping and freight derivatives markets.
Baltic events at SMW18
In addition to these announcements, the Baltic Exchange hosted a members’ reception at the British High Commission, in addition to the Baltic Freight and Commodities Forum.
Pictures of these events can now be found on the Baltic Flickr page.