Tag: Baltic Exchange

At a recent meeting in London at the Baltic Exchange, the world's leading associations for the world port community gathered to set out a Roundtable aiming to establish a stronger voice of the port sector in the maritime industry. Each association analyzed its main priorities moving ahead with all parties and agreed to collaborate closely on current and new projects.

In their recent ISCD report, The Baltic Exchange and Xinhua cite what they believe to be the new trends in global shipping, including a shift in new technologies with the emerging concept of intelligent ports and a greater concern for shipping's environmental footprint with the implementation of green policies.

Singapore is considered as the top world's shipping centre for the fifth year in a row, followed by Hong Kong, London, Shanghai and Dubai. The outcome is based on the International Shipping Centre Development Index issued by Baltic Exchange and Xinhua news agency.

Singapore remains at the top of the International Shipping Centre Development (ISCD) Index for the fifth consecutive year. The index covers 43 of the world's largest ports and cities and is published today by the Baltic Exchange and Xinhua, China's news agency. Hong Kong overtook London for the first time in five years, going to second place.

The Baltic Exchange announced introduction of a modernised code of conduct for shipowners, charterers and shipbrokers using the physical shipping and freight derivatives markets, in line with today's greater focus on fairness & competition, anti-bribery & corruption and benchmarking related issues than before.   

The Baltic Exchange announced it will be implementing previously announced changes to the Baltic Dry Index. Starting from 1st March, the BDI will be re-weighted to the following ratios of timecharter assessments: 40% Capesize, 30% Panamax and 30% Supramax and will no longer include the Handysize timecharter average.

Singapore Exchange Limited (SGX) has entered into an agreement with The Baltic Exchange Limited (Baltic Exchange) through which SGX will enter into exclusive discussions with the Baltic Exchange regarding a cash offer for 100% of the share capital of the Baltic Exchange (Transaction).

London has come top of a listing of maritime service centres published in English on September 10th, 2015 by the Baltic Exchange and Xinhua, China's news agency, whilst Singapore heads the overall list for its combined port and maritime services offering.

Changes in the capesize fleet profile have led the Baltic Exchange to announce that it will cease panel based reporting

he Baltic Exchange will be making changes to the Baltic Capesize Index including a change to its vessel description, amends to the route weightings and the addition of three new routes on 6 May 2014