Search results for: Baltic Exchange

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A list of search results

  • 14 May 2020
    Business & Finance, Business developments & projects

    The London-based Baltic Exchange has launched a tool to provide quarterly assessments on the cost of operating liquefied natural gas and liquefied petroleum gas tankers. The Baltic Exchange said in a statement that data will be provided by independent third-party ship management companies. These companies are Anglo-Eastern and AEX LNG Management, Fleet Management and V-Group. […]

  • 20 May 2019
    Business & Finance

    Petropoulos said he would focus on supporting the Baltic’s drive to increase its profile in Asia.

  • 11 January 2018
    Business & Finance

    Baltic Exchange forms the Baltic LNG Panellists Group on its way to develop a new Liquefied Natural Gas (LNG) Index.

  • 11 July 2018

    The London-based Baltic Exchange said that it has selected a benchmark LNG carrier to carry out a public trial of its index starting July 10. 

  • 26 April 2017

    The Baltic Exchange said on Wednesday it aims to move into the LNG and container spaces as part of plans to boost its role in the maritime industry. The Baltic Exchange, along with its parent company the Singapore Exchange, plans to develop a freight LNG index to support its spot LNG pricing and Singapore’s ambitions of becoming […]

  • 26 April 2017
    Business & Finance

    London-based Baltic Exchange has unveiled plans to enhance maritime leadership role through the move into LNG and container indices and the development of post-trade digital maritime market infrastructure. The Baltic Exchange said that the work is already underway to develop the scope of the Baltic’s freight market information services as part of its plans, set out in a speech […]

  • 29 February 2016

    By Jonathan Saul and Anshuman Daga LONDON/SINGAPORE (Reuters) – The Baltic Exchange confirmed on Friday it had received a number of “exploratory approaches” after the Singapore Exchange Ltd revealed it was seeking to buy the business which has been the hub of the global shipping market for centuries. Reuters exclusively reported on Thursday that the […]

  • 9 June 2015
    Business & Finance

    Changes in the capesize fleet profile have led the Baltic Exchange to announce that it will cease panel based reporting of its 172,000 dwt 4 Timecharter Average (172 4TC) data from 31 July, 2015, and instead provide data derived from its assessments of the more commonly traded 180,000 dwt vessels. The move follows a decline […]

  • 10 January 2019
    Business & Finance

    Overall volume of Forward Freight Agreement (FFA) trades increased in 2018, according to the Baltic Exchange.

  • 4 August 2016
    Business & Finance

    After months of discussions, Singapore Exchange (SGX) has made a formal offer of GBP 77.6 million (USD 102.2 million) for London’s Baltic Exchange. Namely, the shareholders are being offered GBP 160.41 in cash per Baltic share. It is contemplated that the Baltic shareholders will also receive from the Baltic Exchange a minimum of GBP 18.80 in cash per Baltic share, as […]

  • 3 August 2016

    By Anshuman Daga and Jonathan Saul SINGAPORE/LONDON (Reuters) – Singapore Exchange Ltd (SGX) is readying a formal offer to buy London’s Baltic Exchange following months of discussions that culminated in exclusive talks between both parties, sources familiar with the matter said on Tuesday. Founded in 1744, the privately-owned Baltic Exchange is no longer a forum […]

  • 11 January 2018

    Following an approach by leading Baltic Exchange LNG shipbroking companies, the Baltic Exchange has formed the Baltic LNG Panellists Group.

  • 20 October 2016
    Business & Finance

    UK’s Financial Conduct Authority (FCA) approved of Singapore Exchange’s acquisition of London-based Baltic Exchange Limited on October 13, the Baltic Exchange confirmed. The approval comes on the back of the green light received from Baltic Exchange’s shareholders on the GBP 87 million takeover deal following a period of extensive consultations. The Baltic Exchange said that, after the approval of the earlier agreed scheme […]

  • 22 August 2016
    Business & Finance

    Singapore Exchange Limited (SGX) and The Baltic Exchange Limited (Baltic Exchange) have agreed on the terms for a recommended offer by SGX for the entire issued share capital of the Baltic Exchange. The announcement follows a period of extensive consultation with Baltic Exchange shareholders and other stakeholders. Under the terms of the proposed acquisition, Baltic Exchange […]

  • 25 May 2016
    Business & Finance

    Singapore Exchange Limited (SGX) has entered into exclusive discussions with the Baltic Exchange Limited (Baltic) regarding an offer for the Baltic. As disclosed by the Baltic Exchange, the signing of this exclusivity agreement follows discussion with a number of interested parties. Other bidders included CME Group (CME.O), ICE (ICE.N) and Platts, according to Reuters. “The […]

  • 25 July 2016
    Business & Finance

    In light of the potential acquisition of London’s Baltic Exchange by Singapore Exchange (SGX), the Baltic Exchange today sent an agreement to each of its 48 shipbroking panellists for signature, which documents and reinforces existing processes established by the exchange and the panellists. The proposed agreement, which will become effective on and subject to completion of the acquisition, formalises the […]

  • 5 August 2016

    By Jonathan Saul and Anshuman Daga LONDON/SINGAPORE (Reuters) – Singapore Exchange Ltd (SGX) plans to buy one of London’s oldest institutions, the Baltic Exchange where shipping rates are published, and urged shareholders on Thursday to support a deal. As the global shipping industry struggles with the worst market conditions for decades, SGX offered shareholders in […]

  • 8 November 2016
    Business & Finance

    Singapore Exchange Limited (SGX) has finalized the acquisition of approved of London-based Baltic Exchange Limited, bringing together complementary strengths of Singapore and London, two of the world’s most important maritime centres. The parties said that the despatch of consideration and payment of the Special Dividend to Baltic Exchange shareholders is expected to take place on […]

  • 19 July 2019

    Independent shipbroker Affinity (Shipping) said it has facilitated the first LNG freight swap settled against the Baltic Exchange LNG spot assessments.

  • 5 October 2015

    Supertankers carrying crude oil from Saudi Arabia to Japan earned USD 104,256 a day on Friday, October 2nd, the highest rate since July 2008, based on the data from London-based Baltic Exchange. The hike in rates came amid speculation that the demand from China has dried out the fleet capacity available for charter. “China was particularly more […]

  • 5 October 2015

    Supertankers carrying crude oil from Saudi Arabia to Japan earned USD 104,256 a day on Friday, October 2nd, the highest rate since July 2008, based on the data from London-based Baltic Exchange. The hike in rates came amid speculation that the demand from China has dried out the fleet capacity available for charter. “China was particularly more […]

  • 25 April 2018
    Business & Finance

    Baltic Exchange, Freightos unveiled an independent, audited benchmark for the global container shipping industry.