Earlier this month, Baltic Exchange chief executive, Mark Jackson, and Baltic Exchange head of Asia, Lu Su Ling, visited Melbourne for a lunch in partnership with Maritime Industry Australia.
Speaking on the purpose of the visit, Mark Jackson said:
“The Baltic has been positioning itself as, and I think achieving, a global membership organisation.
“We have an office in Singapore… but the fact is, there is still quite an active shipping community here on the bulk side of things in Australia and we want to see if we can capture some of that interest and provide services from the Baltic.”
The Baltic Exchange Chief Executive also spoke of the impact of the acquisition by the Singapore Exchange.
“What has changed is that the Baltic is now owned by a regulated entity that is also a regulator of its own marketplace. We have put in place stricter audit controls which also led into us now having an application to our own regulator (the Financial Conduct Authority in the UK) and I think that having SGX and their knowledge of marketplaces process procedure has helped us ‘up our game’.”