Baltic Exchange

Mondo Visione  Oct 19  Comment 
Singapore Exchange (“SGX”) today announced that a Court hearing has been fixed for 7 November 2016 to sanction the proposed scheme of arrangement under Part 26 of the UK Companies Act (“Scheme”) for the acquisition of The Baltic Exchange...
Mondo Visione  Sep 26  Comment 
Singapore Exchange (SGX) is pleased to announce that the shareholders of The Baltic Exchange Limited (Baltic Exchange) have today approved all the resolutions required in connection with the proposed scheme of arrangement (“Scheme”) for the...
Reuters  Sep 26  Comment 
* SGX wants to expand presence in shipping (Adds further detail, comment)
Euromoney  Aug 30  Comment 
Singapore’s stock exchange isn’t going to get much more growth from domestic listings, so – like its equivalent in Hong Kong – it is seeking different asset classes and markets. Will Baltic Exchange make any difference?
Mondo Visione  Aug 23  Comment 
Singapore Exchange Limited (SGX) and The Baltic Exchange Limited (Baltic Exchange) are pleased to announce that they have agreed on the terms for a recommended offer by SGX for the entire issued share capital of the Baltic Exchange (Proposed...
Clusterstock  Aug 22  Comment 
SINGAPORE (Reuters) - The Baltic Exchange board has unanimously backed a takeover bid from Singapore Exchange Ltd, a deal that will give SGX access to a trading platform for the multibillion-dollar freight derivatives market. The exchanges have...
Financial Times  Aug 22  Comment 
Mondo Visione  Aug 4  Comment 
Singapore Exchange (SGX) announces that it has agreed with The Baltic Exchange Limited (Baltic Exchange) to proceed with the solicitation of support from shareholders of the Baltic Exchange (Baltic Shareholders) to acquire their issued ordinary...
MarketWatch  Aug 4  Comment 
Singapore Exchange has made a $103.4 million proposal to buy Baltic Exchange.
Mondo Visione  Jun 28  Comment 
Singapore Exchange (SGX) has agreed with the Baltic Exchange Limited (Baltic Exchange) to extend the period of exclusive discussions regarding a cash offer for 100% of the share capital of the Baltic Exchange (Transaction) from 30 June 2016 to 31...
Mondo Visione  May 25  Comment 
Singapore Exchange Limited (SGX) wishes to announce that it 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...


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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