NEW CHAIRMAN FOR BALTIC EXCHANGE FREIGHT MARKET INFORMATION USERS’ GROUP
Stefan Albertijn, senior freight manager at Hamburg based commodity house Alfred C. Toepfer International has been appointed the chairman of the Baltic Exchange’s Freight Market Information Users' Group (FMIUG) dry section. He replaces Capt. Raghu Raghunath of Noble Group.
The group, made up of shipowners, charterers, operators, and freight derivative traders, provides the Baltic Exchange with regular advice on its freight market indices and route assessments.
Commenting on his appointment Stefan Albertijn said:
“As chair my main focal points will be the Baltic Exchange indices, building grass roots support for the group, best practices and developing user-friendly trading technology. As the indices are a key guide for everybody involved in our industry, the FMIUG will continue to work with the Baltic and the panellists to further improve both the quality and the transparency of the various indices and their respective forward curves. “
He added:
“A key goal is to make sure that non-derivatives traders also have a say and can bring their physical market experience to bear on market reporting and index vessel definitions. Going hand in hand with this are issues surrounding best practices such as how to trade using the Baltic Code and services and appropriate documentation. The FMIUG will also continue to strive for a harmonization of derivatives trading screen rules which might be a first step to a Baltic Exchange FFA overlay screen.”
Membership of the group is open to principal members of the Baltic Exchange.
ENDS
For further details please contact:
Bill Lines, Navigate PR
T: +44 (0)20 7369 1653
E: blines@navigatepr.com
Notes to editors
Stefan Albertijn (33) is a senior manager within Alfred C. Toepfer International’s shipping department where he manages the company’s freight trading portfolio. He has been with the company since 2005. Born and educated in Belgium and Germany, he began his career with Deutsche Bank in 1997 in its shipping department.
For further details on Alfred C. Toepfer International see www.acti.de
The Baltic Exchange
The Baltic Exchange is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 550 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic.
Baltic Exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels.
