Press Room

20/11/2008
Baltic Exchange Bulk Freight Market meeting 19 November 2008
99 per cent of outstanding October Forward Freight Agreement (FFA) contracts were successfully settled, attendees at the Baltic Exchange organised Bulk Freight Market meeting heard. According to John Banaszkiewicz, managing director of freight derivative broker FIS, an estimated 11,500 Forward Freight Agreements (FFAs) with a notional value of $20.25bn were settled for October.
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01/09/2008
Baltic Exchange appoints new senior freight market reporter
The Baltic has announced the appointment of William Lyth, formerly of Paccship (UK) and Clarksons, as Senior Freight Market Reporter.
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16/07/2008
Baltic Exchange TCE assessments now available on individual routes
The Baltic Exchange is now publishing daily Time-Charter Equivalent (TCE) assessments alongside its Worldscale assessments for 12 of its 25 tanker routes.
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02/07/2008
Baltic Exchange and Q88 launch new vessel questionnaire web service
The Baltic Exchange and Q88.com LLC. ("Q88") announced today the launch of www.baltic99.com , a new website for the dry bulk shipping industry.
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01/05/2008
Successful trial of Batlic Exchange Time-Charter Equivalent assessments
Following a successful three month trial, the Baltic Exchange today (1 May) officially launches its daily Time-Charter Equivalent (TCE) assessments for dirty tankers.
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08/02/2008
Maritime industry calls on UK government to abandon non-dom tax proposals
The Baltic Exchange, Chamber of Shipping, Maritime London and Joint Hull Committee (which represents the Lloyd’s and International Underwriters’ Association (IUA) hull underwriters) have called on the UK government to abandon its proposed changes to the non-domiciled resident tax regime as they will undermine the UK’s £1.5bn maritime services sector.
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04/02/2008
Baltic Exchange Time-Charter Equivalent Assessment trial goes live
The Baltic Exchange has launched its daily Time-Charter Equivalent (TCE) assessment for the tanker market on a trial basis. Initially covering Very Large Crude Carriers (VLCCs), the service will be extended to cover suezmax, aframax and medium range product tankers (MR).
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22/01/2008
Baltic Exchange announces interim £0.40 dividend
An interim dividend of £0.40 per share is being paid today (23 January) to Baltic Exchange shareholders. With Baltic Exchange ordinary £5 shares subdivided into 10 ordinary shares of 50 pence in April 2007, the dividend is the equivalent of £4 per ordinary £5 share.
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17/01/2008
2007 freight derivative trading volumes up
Following the first full year of formal reporting of trade volumes by brokers in the dry bulk Forward Freight Agreement (FFA) market, the Baltic Exchange has announced that volumes are estimated to have increased by 34% year on year. Tanker trade volumes are estimated to have increased by 14% year on year.
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08/01/2008
Baltic Exchange extends tanker information
The Baltic Exchange has announced that it is trialling a new product tanker route (TC10 - 40,000mt CPP/UNL South Korea to NOPAC West Coast).
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