Baltic Exchange

Reuters  Oct 9  Comment 
The London Metal Exchange has made an informal approach to the Baltic Exchange, the hub of the global shipping market, to acquire the entire business, two sources familiar with the...
Commodity Online  Jul 10  Comment 
Eyal Ofer is principal of international shipping enterprise, Zodiac Group. He is Chairman of Zodiac Maritime, the London-based ship management company that operates a diversified fleet of over 130 vessels trading worldwide.
Commodity Online  Apr 30  Comment 
The move follows a trial which began in February and formal consultation with the dry bulk market. The existing routes and new routes will be published side-by-side until there is no further open interest in either Forward Freight Agreements...
Commodity Online  Mar 7  Comment 
The routes, based on a 180,000dwt vessel, continue to be reported on a trial basis. However, the trial calculation of BCI 2014 has been observed to produce an unsatisfactory result.
Commodity Online  Feb 6  Comment 
A shipbroker with over 40 years of experience, Chris Jones has previously held positions at Clarksons, SSY, Wallem and Island Shipbrokers. He is married and has three children.
Commodity Online  Dec 13  Comment 
The move follows a formal consultation process with the dry bulk market which began on 11 October 2013. Trial reporting on the new routes and vessel description will begin in late January/early February with a lifting of the trial anticipated by...
Commodity Online  Nov 5  Comment 
Holding a board meeting in Asia reflects the importance of the region to the Baltic Exchange which currently has around 200 member firms with offices based in Asia and 100 in Singapore alone. A total of 610 companies and 2,477 individuals drawn...
Commodity Online  Sep 17  Comment 
The move to Shanghai is designed to build on relationships between Chinese bulk shipping interests and the rest of the world. By joining the Baltic Exchange, Chinese shipowners, shipbrokers and charterers will be able to access global shipping...
Reuters  Jul 9  Comment 
London's centuries-old Baltic Exchange has received interest from exchanges and financial operators, including the London Metal Exchange and CME Group, for its dry freight...


This article is about the Baltic Exchange. For the Index of dry shipping costs operated by the exchange, see Baltic Dry Index (BDI)

The Baltic Exchange acts as the global marketplace for brokering shipping contracts. It is similar to the New York Merc in that it is a medium for buyers and sellers of contracts and forward agreements (futures) for delivery of dry bulk cargo. Unlike the publicly traded exchanges (NYSE, Chicago BOT, Chicago Merc, etc) the Baltic is owned and operated by the member buyers and sellers. In addition to this, the Baltic does not allow speculative players to trade on its exchange.[1] The exchange maintains prices on several routes for different cargoes and then publishes its own index, the Baltic Dry Index (BDI), as a summary of the entire dry bulk shipping market. This index is very important as it can be interpreted as one of the more accurate leading economic indicators. It also shows where end prices are heading for items using the raw materials that are shipped in dry bulk.


After spending over 250 years at 30 St. Mary Axe in London, the exchange was the target of an Irish Republican Army terrorist attack. The operations moved to Lloyd's of London while renovations occurred. Once it was agreed upon that the site was far too damaged for a restoration, the exchange moved to its current residence next door at 38 St. Mary Axe.


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