Tradable Product News

London's Baltic Exchange is developing a container shipping index with Hong Kong-headquartered group Freightos in another sign that the centuries-old business is moving into new markets. Founded in 1744 as a forum for chartering vessels, the Baltic Exchange now produces benchmark indexes for global shipping rates, including ones used by the multi-billion dollar freight derivatives market. The Baltic and its partner on the initiative Freightos, a digital container platform which also has a global database of freight rates, said they would be producing a weekly index for container rates on 12 top container routes that would be audited by the Baltic. Going forward the index would allow container rates to become tradable instruments by investors.

Maritime CCS "feasible, and can reduce emissions by 65%", says DNV and PSE. Det Norske Veritas (DNV), a leading classification society, and Process Systems Enterprise Ltd. (PSE), a global provider of advanced process modelling technology, today have released the results of the Maritime CCS (carbon capture and storage) research and development project. The project has successfully developed a concept design for on-board chemical CO2 capture. The system consists of a chemical absorption plant that separates CO2 from flue gases…