Baltic Exchange launches public trial of LNG index

The Baltic Exchange has started a public trial of its LNG shipping index.

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.

Read more: Baltic Exchange to develop LNG shipping index

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.

Read more: Baltic Exchange partners with Freightos to launch container shipping indices

Posted 12 July 2018

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Marcus Hand

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Editor, Seatrade Maritime News Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with nearly two decades of experience covering the shipping industry in Asia. In addition to running Seatrade's maritime and offshore news website based from Singapore he is the Asia Editor of Seatrade Maritime Review. Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Prior to joining Seatrade at the beginning of 2010 Marcus worked for shipping industry journal Lloyd's List for a decade and previous to that the Singapore Business Times covering shipping and aviation.

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