What does Baltic Exchange mean?

Baltic Exchange meaning in Finance Dictionary

A self controlled London exchange offering global interests in international maritime company. It is the world's leading maritime market for ship chartering and purchase and get. The change publishes a variety of marketplace information, such as for instance cargo derivatives price settlements.

Baltic Exchange meaning in Law Dictionary

The cargo market that ships dry bulk cargo. An agent arranges the delivery. It's positioned in London as well as offers ships and shipping agreements. It had been were only available in 1744. The entire name's Baltic Overseas Freight Futures Exchange. Relate to balitic in

Baltic Exchange meaning in Business Dictionary

World's leading ocean cargo market for mostly dried out volume cargo (particularly coal, grains, and iron-ore) in which ship proprietors and cargo proprietors are matched because of the exchange's users labeled as ship agents. Located in London, additionally, it is the marketplace for buying and attempting to sell boats (bookkeeping for approximately half the world's new and second hand tonnage), and where forward freight agreements tend to be traded. The trade began informally in 1744 when you look at the Virginia & Maryland coffee-house at Threadneedle Street frequented by merchants and boats' captains, and its particular name is Baltic Global Freight Futures Exchange. See additionally Baltic indices.