SGX, European Energy Exchange Offer Baltic Handysize Futures Contracts
Baltic Exchange announced that both SGX and European Energy Exchange (EEX) are now offering new Baltic Handysize futures contracts, providing market participants with dedicated tools to manage their exposure to the Atlantic and Pacific Handysize basin.The new freight forward agreements (FFAs) are two baskets of Baltic Exchange's handysize timecharter averages made from four Atlantic routes and three Pacific routes, providing forward contracts specific to the basin. The baskets center on physical contracts for vessels that are highly active on corridors for minor bulks…
Baltic Exchange Launches New Intermediate Tanker Indices as Trade Grows in Northwest Europe
Baltic Exchange has launched a new suite of indices covering four key short-range tanker routes in northwest Europe in order to create the definitive benchmark for the region’s tanker sector and bring greater transparency to the short-range tanker market.The new indices, known as the Baltic Intermediate Tanker Indices (BITI), mark the latest development of the Baltic’s global tanker benchmarks, and reflect the Baltic’s commitment to responding to market needs and strengthening its role as the global benchmark provider for freight indices.The BITI consists of four routes – TC25…
