Control of information
The Baltic Exchange ensures the relevance and robustness of its freight market information by regularly consulting with the users of its data. As a neutral exchange at the heart of the shipping industry, the Baltic is in a unique position to co-ordinate co-operation between market participants who compete in other spheres of activity.
FIFC
The Freight Indices and Futures Committee (FIFC) oversees all Baltic freight market information. Currently it consists of the following Board Directors
- Paul Over (Chairman)
- Guy Campbell - Clarksons
- Michael McClure- Navios
- Harry Fafalios - Fafalios
- Duncan Dunn - SSY
It is the responsibility of the FIFC to produce and update the Manual for Panellists - the guide for reporting companies to ensure the continuing accuracy of the indices.
FFABA
The Forward Freight Agreement Brokers' Association (FFABA) works within the framework of the Baltic to:
- Promote the trading of forward freight agreements (FFAs)
- Promote high standards of conduct amongst market participants
- Liaise with the Baltic Exchange to ensure the production of high quality indices for use by the freight futures industry
- Provide a forum for brokers and principals to resolve problems as they arise
- Develop and promote the use of standard contracts
- Develop the use of other 'over the counter' and exchange traded derivative products for freight risk management.
Click here for further details
FMIUG
The Freight Market Information Users Group (FMIUG) consists of principals who use Baltic freight market information. It is split into dry and wet sections chaired by Stefan Albertijn (Albert C.Toepfer - dry) and Per Heilman (Heidmar - wet).
