London's Baltic Exchange Sets Up in China

MarineLink.com
Tuesday, September 17, 2013

London headquartered bulk shipping exchange, the Baltic Exchange has opened a new office in Shanghai. The exchange, whose members comprise the world’s leading shipping, chartering and broking companies, provides data on the cost of moving bulk commodities such as iron ore, coal and oil by sea.

The Baltic Exchange is best known in China as the publisher of the daily Baltic Dry Index, an independent assessment of the dry bulk shipping markets. Many major Chinese corporations importing bulk commodities rely upon the Baltic Exchange’s assessments to deal with their ocean transportation needs.

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 markets more readily.  

Commenting on the Baltic Exchange’s new office, its Chief Executive Jeremy Penn said:
“This will be the first time in the Baltic Exchange’s 269 year history that we have had a physical presence in China.  We hope that our presence in China will help develop relationships between Chinese shipping and trading companies and the international maritime industry.  We believe that Shanghai has an exciting future as a maritime business centre and hope to help facilitate this great trading city’s growth.”

Commenting on the Baltic Exchange’s new office, its Chief Executive Jeremy Penn said:
“This will be the first time in the Baltic Exchange’s 269 year history that we have had a physical presence in China.  We hope that our presence in China will help develop relationships between Chinese shipping and trading companies and the international maritime industry.  We believe that Shanghai has an exciting future as a maritime business centre and hope to help facilitate this great trading city’s growth.”

 

Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Reftrade Upgrades Fleet Refrigeration Systems

Reftrade UK  has made an investment  to upgrade its fleet with environmentally friendly technology. The world’s first refrigeration system to use CO2 as a natural refrigerant,

ClassNK Reports Record 2014

Announcing its registration totals for 2014, ClassNK said 833 new vessels with a combined total of 21,466,272 gt joined its register over the course of the year,

GE Launches GE Marine Organization

GE unveils GE Marine organization to power, propel and position the global marine industry   GE unveiled today its new GE Marine organization which cumulates

Finance

Stolt-Nielsen Q4 Profit Misses Forecast

Shipping firm Stolt-Nielsen reported fourth quarter earnings below forecasts on Thursday and said it was concerned about the outlook for the chemical tanker market,

Wartsila Sees Low Oil Price Impacting Shipping

CEO cautious on 2015 outlook. Finnish ship engine and power plant maker Wartsila reported a smaller-than-expected quarterly profit and warned lower crude prices

China Watching Greece After Port Sale Shelved

China is closely monitoring the policies of the new Greek government after Athens said this week it will stop the sale of a majority stake in Greece's biggest port,

News

Ferus Smit to Launch Newbuild for Symphony Shipping

Ferus Smit announced it will launch Newbuuld 417 on Saturday, February 21 in Leer.   Newbuild 417, a multipurpose vessel to be christened Nordana Sky, is the

Australia Gives Landing Craft to the Philippines

The Australian Government will gift two recently-decommissioned Landing Craft Heavy vessels, including a package of spare parts, to the Philippines Government,

Reftrade Upgrades Fleet Refrigeration Systems

Reftrade UK  has made an investment  to upgrade its fleet with environmentally friendly technology. The world’s first refrigeration system to use CO2 as a natural refrigerant,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2439 sec (4 req/sec)