Baltic Exchange moves capesize reporting times forward

The Baltic Exchange is moving the time of the publication of its nine capesize routes and index (BCI) forward by two hours to 1100 (London) from today (1 February 2013). The move underlines the increased levels of chartering authority in the Asia-Pacific region and follows a period of consultation with the market.

Baltic Exchange Chief Executive Jeremy Penn said: “Whether it’s changing publishing times or vessel descriptions, the Baltic Exchange works hard to ensure that its products reflect the ever-changing shipping markets, and especially the needs of the users of our services in Asia. This change reflects the reality of today’s capesize market.”

The Baltic Exchange publishes a series of freight rate assessments for the shipping markets from both its London and Singapore offices which are widely accepted as the benchmark rates for the dry and wet bulk shipping sectors.

The Baltic Exchange publishes the following daily assessments for the capesize market:

Route no	Description
C2	160000lt Tubarao -Rotterdam
C3	160000mt or 170,000mt Tubarao – Qingdao
C4	150000mt Richards Bay –   Rotterdam
C5	160000mt or 170,000mt W Australia – Qingdao
C7	150000mt Bolivar – Rotterdam
C8_03	172000mt Gibraltar/Hamburg trans Atlantic RV
C9_03	172000mt Continent/Mediterranean trip Far East
C10_03	172000mt Pacific RV
C11_03	172000mt China/Japan trip Mediterranean/Cont