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 560 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic.
The Baltic Exchange traces its name to the Virginia and Baltick Coffee House, established in 1744, and has since evolved into the provider of a comprehensive range of freight market information which is used across the global shipping, commodity and financial markets.
The Baltic Exchange is a membership organisation, owned by its 560 member companies which include the world's leading shipbroking, owning and chartering firms. Headquartered in London, the Baltic is an international organisation with members in all the world's major shipping centres.
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.
Freight market information
The Baltic Exchange publishes daily market information for the dry bulk and tanker markets calculated from the average rates on major voyage and timecharter routes as assessed by panels of independent shipbrokers. The panel members are expected to make and report a professional judgement of the prevailing open market level. A comprehensive auditing and consultation process has developed since the launch of the Baltic Exchange indices in 1985 to ensure that the assessments remain a reliable reflection of the market.
The Baltic Exchange publishes the following information:
Dry:
- Baltic Exchange Capesize Index (10 routes)
- Baltic Exchange Panamax Index (4 routes)
- Baltic Exchange Supramax Index (6 routes)
- Baltic Exchange Handysize Index (6 routes)
- Baltic Exchange Dry Index (derived from all of the above indices)
- Dry cargo fixture list and market round up
Tanker:
- Baltic Exchange Dirty Tanker Index (17 routes)
- Baltic Exchange Clean Tanker Index (7 routes)
- Baltic Exchange Palm Oil Route
- Baltic Exchange Liquified Petroleum Gas Route
Forward assessments
A panel of FFA brokers provides a daily average of bids and offers for forward prices on dry and tanker routes. Weekly FFA volumes are also available.
The Baltic Exchange also publishes weekly assessments covering vessel asset values and demolition prices.
Baltic Exchange market information is available either directly from the Exchange or from most quote vendors.
For further details contact:
Janet Sykes
The Baltic Exchange
St Mary Axe
London EC3A 8BH
Tel: +44 (0)20 7283 9300
Email: jsykes@balticexchange.com
