Baltic Exchange
 | |
 | |
| Type | Maritime membership and data organisation |
|---|---|
| Location | City of London, England |
| Founded | 1744 |
| Owner | SGX |
| Key people | Lord Mountevans (Chairman) Mark Jackson (CEO) Janet Sykes (CCO) Mark Read (CFO) |
| Currency | GBP |
| Indices | Baltic Dry Index Baltic Panamax Index Baltic Capesize Index Baltic Supramax Index Baltic Handysize Index Baltic Dirty Tanker Index Baltic Clean Tanker Index |
| Website | balticexchange |
The Baltic Exchange (incorporated as The Baltic Exchange Limited[1]) is a membership organisation for the maritime industry, and freight market information provider for the trading and settlement of physical and derivative contracts.
Situated since Edwardian times at 24–28 St Mary Axe, London EC3, the building was destroyed by a bomb in 1992. The Baltic Exchange then relocated to 38 St Mary Axe on 15 May 1995, before establishing its headquarters at 77 Leadenhall Street in the City of London as well as further offices in Europe, across Asia, and in the United States.
Overview
Its international community of 650 member companies encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic Exchange:[2] its members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels.[3]
The Baltic Exchange traces its
Incorporated as a
The
The exchange is the source of market-wide information and publishes seven daily indices made up from a suite of wet and dry bench-marked time-charter and voyage routes:
- Baltic Dry Index (BDI)
- Baltic Panamax Index (BPI)
- Baltic Capesize Index (BCI)
- Baltic Supramax Index (BSI)
- Baltic Handysize Index (BHSI)
- Baltic Dirty Tanker Index (BDTI)
- Baltic Clean Tanker Index (BCTI)
- Baltic LNG Tanker Index (BLNG)
In April 2018, the Baltic Exchange announced a global container index called the Freightos Baltic Index (FBX)[5] in partnership with Freightos. Liquified Natural Gas (LNG) assessments launched in 2019.[6]
The exchange also provides forward curves, a dry cargo fixture list, sale and purchase values, LPG & LNG assessments, daily market news, and the market settlement data for freight derivative contracts.
BIFFEX
BIFFEX, the
Baltic Exchange management
As of 2023, the Baltic Exchange's management comprises:
- Chairman: Lord Mountevans[7]
- Chief Executive: Mark Jackson[8]
- Chief Financial Officer and Company Secretary: Mark Read
- Chief Commercial Officer: Janet Sykes
- Communications Manager: Bill Lines.
Premises
The exchange was historically located at 24–28 St Mary Axe in the City of London until it was destroyed in 1992 by a terrorist bomb attack.
The grandeur of the Baltic's
Now based at 77 Leadenhall Street, London EC3, the Baltic Exchange has further offices in Europe, Asia, and the United States.
Former chairmen
Past chairmen include:[9]
- Frank Emil Fehr (1937-1939)
See also
Notes
- ^ "Companies House entry". Retrieved 23 December 2015.
- ^ The Baltic Code
- ^ www.balticexchange.com
- ^ www.oup.com
- ^ "Press Announcements". www.balticexchange.com.[permanent dead link]
- ^ https://thebalticbriefing.com/member-news/baltic-lng-index-update/[permanent dead link]
- ^ www.balticexchange.com
- ^ CNBC (26 September 2016). "Baltic Exchange names Mark Jackson as new CEO". CNBC. Retrieved 26 September 2016.
- ^ "From 1900, Baltic Chairmen have championed the maritime cause". Retrieved 3 February 2024.
References
- Huber, Mark (2001). "Ch. 9:Chartering and Operations". Tanker operations: a handbook for the person-in-charge (PIC). Cambridge, MD: Cornell Maritime Press. ISBN 0-87033-528-6.
- Turpin, Edward A.; McEwen, William A. (1980). "Ch. 18:United States Navigation Laws and Ship's Business". Merchant Marine Officers' Handbook. Centreville, MD: Cornell Maritime Press. ISBN 0-87033-056-X.