Independent source of maritime market information for the trading and settlement of physical and derivative contracts, London's Baltic Exchange says it will be making changes to the Baltic Capesize Index including a change to its vessel description, amends to the route weightings and the addition of three new routes on 6 May 2014.
The move follows a trial which began in February and formal consultation with the dry bulk market.
The existing routes and new routes will be published side-by-side until there is no further open interest in either Forward Freight Agreements (FFAs) or options to be settled.
The basis of the new Baltic Exchange capesize vessel description will be:
Details of the changes, including route amendment and details of new routes are at: www.balticexchange.com