What is a "Baltic Exchange" ?

The Baltic Exchange is the  independent source of maritime market information for the trading and settlement of physical and derivative contracts.

An exchange that handles the trading and settlement of both physical contracts and derivatives relating to shipping and maritime transportation. The Baltic Exchange provides daily prices for freight, and tracks shipping costs through several indexes. Traders use these indexes to settle forward freight agreements (FFAs), which are freight futures contracts.

 

The Baltic exchange provides daily prices for freight and tracks shipping costs through various indexes.

I think it is a shipping market where shipping agreements between ship and cargo owners are made, ships can be sold or bought, forward shipping agreement,....

The Baltic Exchange is the world's leading source of independent maritime data. The information is used by shipbrokers, owners, operators, traders and charterers as a reliable assessment of the dry bulk and tanker markets.The information is compiled and published during both the European and Asian working day by their London and Singapore offices.Based on professional assessments made by a global panel of shipbrokers, Baltic information is used as a settlement tool for freight derivative trades, for benchmarking physical contracts and as a general indicator of the bulk market's performance.

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