Plans for the index for LNG shipping were announced back in January on the back of growth in the spot market in the sector and with the index the Baltic Exchange hopes to add further transparency to the sector.
The reporting of the new public benchmark vessel started on 10 July. It covers the benchmark route Gladstone to Tokyo with a round voyage on 1.25% commission.
The data for the route will be published on the Baltic Exchange website.
Since the Baltic Exchange was taken over by the Singapore Exchange last year it has been seeking to expand its business. In April it announced it was partnering with Freightos to launch a global container freight index.