The Baltic Exchange – now owned by the Singapore Exchange – is introducing LNG and container indices.
Newly appointed Baltic boss Mark Jackson set out the exchange’s vision of the near-future in a speech in Singapore.
“The recent acquisition of the Baltic Exchange by the Singapore Exchange (SGX) has reinvigorated this key international maritime institution, allowing us to grow our leadership profile and play a bigger role than ever before in setting standards, building consensus and leading change in the shipping markets. These are bold plans and will ensure that the Baltic Exchange remains at the heart of the bulk shipping industry for the long-term. In 2017 we will be providing more freight market benchmarks and move into the LNG and container spaces; increase our regulatory role by enhancing the Baltic Code; become more active in supporting our members in post trading activities by creating a digital maritime market infrastructure and change our data distribution policies to enhance the role of our contributing panellists and tighten non-authorised access to our valuable datasets,” Jackson said.