Baltic Exchange moves capesize reporting times forward

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Jeremy Penn
Jeremy Penn
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

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