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 August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Greek Warship Evacuates Libya Personnel

Greece safely evacuated embassy staff and more than one hundred Chinese and European nationals from Libya early on Friday with a navy frigate sailing back to the Greek port of Piraeus,

Children’s Day at Gazprom Transgaz Saratov

On May 31 and June 1, 2014 . Over two thousand children from the Saratov, Tambov and Penza Regions took part in sports competitions, environmental quizzes and

Rolls-Royce Appoints Ruth Cairnie as Non-Executive Director

Rolls-Royce is pleased to announce that Ruth Cairnie has been appointed as a Non-Executive Director of the Company with effect from 1 September 2014. Ruth

Contracts

Korea Shipbuilder Wins US$400-M Greek Order

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management,

Rolls Royce Marine Awarded LCS Engine Repair Contract

U.S. Department of Defense informs that Rolls Royce Marine North America, Walpole, Massachusetts, is being awarded a US$9,000,000 firm-fixed-price repair order

ABS President Wiernicki Signs New MARAD Agreement

The American Bureau of Shipping (ABS) informs that it has entered into a new Memorandum of Agreement (MOA) establishing the policies and procedures regarding the

Finance

1H 2014 Profits of Port of Tallinn Up 16%

Port of Tallinn earned an unaudited half-year net profit of 20.2 million euros with company’s turnover reaching 59 million euros. Compared to last year the turnover

Geo-Science Provider TGS Reports Strong Half 2014 Results

TGS reports net revenues of USD 205 million in Q2 2014, compared to USD 210 million in Q2 2013. Earnings before interest and taxes (EBIT) totaled USD 82 million,

Matson Reports Solid Q2 2014 Results, Dividend Increased

Leading U.S. carrier in the PacificMatson, Inc. reported net income of $18.1 million or $0.42 per diluted share for the quarter ended June 30, 2014, compared with $20.

News

“K” Line and Ports America Deal on Strategic Partnership

KAWASAKI KISEN KAISHA, LTD. (“K” Line) is pleased to announce that “K” Line and Ports America have agreed to form a strategic partnership aimed at enhancing

New Tolls Structure at Panama Canal

The Panama Canal Authority has advised that a new tolls structure will be introduced when the expanded Canal opens. The proposal the Authority plans to present

Children’s Day at Gazprom Transgaz Saratov

On May 31 and June 1, 2014 . Over two thousand children from the Saratov, Tambov and Penza Regions took part in sports competitions, environmental quizzes and

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.2348 sec (4 req/sec)