Why is it called Baltic Exchange?
The company, as per historical records, is known to be founded around the midway of the 18th century. The name of the company, Baltic Exchange, was first officially used at the Virginia and Baltic Coffee House located in the Threadneedle Street in 1744.
Why is Baltic Exchange important in shipping?
The Baltic Exchange is the world’s leading source of independent maritime market data. Our information is used by shipbrokers, owners & operators, traders, financiers and charterers as a reliable and independent view of the dry bulk, tanker, gas, container and air freight markets.
What is the role of Baltic Exchange?
The Baltic Exchange provides real-time maritime shipping information to settle physical and derivative shipping contracts. It provides a varied set of services, from information about freight markets to frameworks for business cooperation between various parties.
Who owns the Baltic Exchange?
Singapore Exchange
Baltic Exchange
| The Baltic Exchange Memorial Glass, installed at the Baltic Exchange from 1922 to 1992 | |
|---|---|
| Founded | 1744 |
| Owner | Singapore Exchange |
| Key people | Denis Petropoulos (chairman, Baltic Exchange Council) Mark Jackson (CEO) Janet Sykes (CCO) Mark Read (CFO) |
| Currency | GBP |
What does the Baltic Dry Index tell us?
The Baltic Dry Index (BDI) is an index of average prices paid for the transport of dry bulk materials across more than 20 routes. The BDI is often viewed as a leading indicator of economic activity because changes in the index reflect supply and demand for important materials used in manufacturing.
How does the Baltic Exchange work?
What is CDI vs BDI?
Brand Development Index (BDI) relates the percent of a brand’s sales in a market to the percent of the U.S. population in that same market. Category Development Index (CDI) relates the percent of a category’s sales in a market to the percent of the U.S. population in that same market.
Is the Baltic Exchange an electronic freight exchange?
2/22/10 The London Metal Exchange has approached the Baltic Exchange to develop an electronic exchange for freight derivatives. 1/12/10 (Reuters) Dry bulk ship owners are insisting vessels go via the Cape of Good Hope on voyages from South Africa to Mediterranean ports to avoid pirates in the Gulf of Aden – adding 10 days to shipping times.
How does the Baltic Exchange Dry Index work?
The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The Baltic Dry Index is not restricted to Baltic Sea countries or to a few commodities like crude oil. Instead, the Baltic Dry Index takes into account 23 different…
Where does the Baltic Sea drain into the Atlantic?
The sea stretches from 53°N to 66°N latitude and from 10°E to 30°E longitude. A mediterranean sea of the Atlantic, with limited water exchange between the two bodies, the Baltic Sea drains through the Danish islands into the Kattegat by way of the straits of Øresund, the Great Belt, and the Little Belt.
Is the Bay of Mecklenburg part of the Baltic Sea?
By this definition, the Danish Straits are part of the entrance, but the Bay of Mecklenburg and the Bay of Kiel are parts of the Baltic Sea. Another usual border is the line between Falsterbo, Sweden and Stevns Klint, Denmark, as this is the southern border of Øresund.