Baltic Exchange Appoints Strategic Carbon Lead
The Baltic Exchange has appointed former RightShip Chief Executive Martin Crawford-Brunt as a Strategic Carbon Lead. The Baltic Exchange recently introduced carbon assessments alongside its spot dry bulk charter rate assessments and is expanding its role to support market mechanisms aimed at reducing CO2 emissions from the shipping sector.Baltic Exchange Chief Executive Mark Jackson said, “The Baltic Exchange is laying the foundations for consistency in the way in which carbon is priced into seaborne freight. We are helping the industry build a consensus position for the definition of voyages
Simplex-Turbulo to Host Technical Condition Monitoring Seminar
Simplex-Turbulo is hosting a condition monitoring seminar in March at the Baltic Exchange in London. The seminar aims to educate technical managers in both the marine and power industries about the growing importance of condition monitoring. Industry experts will be on hand to demonstrate the latest equipment, giving participants the opportunity to learn how the technology can help prevent expensive, preventable engine damage. Taking place on Friday, March 9th, 2018, the seminar will cover key topics such as lubrication oil condition monitoring, bunker sampling and
Baltic Exchange Names Sykes Chief Commercial Officer
The Baltic Exchange has appointed a new chief commercial officer; Janet Sykes, former head of communications at shipping services provider Clarksons Platou, will join the Baltic Exchange on July 3. Sykes worked at Clarksons Platou between 2010 and 2017 where she was responsible for all internal and external communication and marketing. She was previously head of marketing at the Baltic Exchange (2001-2010) and has previously worked as shipbroker at Howe Robinson (1991-2000). Baltic Exchange chief executive, Mark Jackson, said, “We're delighted that Janet Sykes will be
London Shipping Professionals Weigh in for SPNL Report
. “Despite the challenges we believe that London has a powerful brand and legacy which is not being fully leveraged. A particular strength, which is difficult to replicate is London’s rich maritime heritage. This has been built up over centuries and the reputation established by the Baltic Exchange for trust in transactions: ‘our word, our bond’. Not capitalising on these strengths could jeopardise London’s strong market position – the insurance market and the global/open nature of the economy having been highlighted as two of London’s major strengths. This
Long-Range Clean Tanker Rates Hit 8-Month High
on the U.S. Gulf (USG) to Europe route were negative at W70.00 or -$3,237 a day. That compared with W70.00 or -$3,297 a day on Friday and W72.14 or -$2,674 a day last Monday. In November last year, rates on that route rose to their highest level since earnings were published in June 2012, Baltic Exchange data showed. Buoyant demand for diesel products has boosted tanker activity on the U.S. Gulf to Europe route, known as the backhaul journey as vessels usually travel to the U.S. East Coast first and then pick up return cargoes. Average earnings per day are calculated after a vessel covers
Trans Atlantic Tanker Rates Higher
MR tankers on the U.S. Gulf (USG) to Europe route were negative at W80.00 or -$1,110 a day. That compared with W80.00 or -$948 a day on Friday and W78.21 or -$1,517 day last Monday. In November last year, rates on that route rose to their highest level since earnings were published in June 2012, Baltic Exchange data showed. Buoyant demand for diesel products has boosted tanker activity on the U.S. Gulf to Europe route, known as the backhaul journey as vessels usually travel to the U.S. East Coast first and then pick up return cargoes. Analysts expect the USG market to see gains this year helped
