BALTIC EXCHANGE HELPS SHIPBROKERS AND OWNERS FIND PORT AGENTS

The Baltic Exchange has launched a free service to help shipbrokers and owners locate port agents around the world.

Freely accessible on its website balticexchange.com, the Exchange is building a comprehensive database which will contain the full contact details of port agents around the world.

Welcoming the introduction of the database, Baltic Exchange chief executive Jim Buckley said:

"balticexchange.com is already very popular with shipbrokers, owners and charterers who use it on a daily basis to access our freight market indices, route assessments, fixtures and market reports. We're getting over one thousand viewings during any week and I think that this additional service will prove to be of real use."

Peter Titchener, secretary-general of Multiport Ships Agency Network, which represents a worldwide network of vetted independent agents in more than 1,500 ports said:

"This is a very good way of helping port agents market their services to a wider audience. All of Multiport's members have already been added to the database."

Alan Philips, director of the Institute of Chartered Shipbrokers added:

"The Institute of Chartered Shipbrokers is pleased to be associated with this initiative. Those company members of the ICS that are port agents have been included on the database."

Port agents can add their details for an annual fee of US$200 by logging on to www.balticexchange.com.

ENDS


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Note to editors

The port agent database can be freely accessed from www.balticexchange.com.

Balticexchange.com already contains:


The Baltic Exchange is the world's only self-regulated shipping market maintaining professional standards, resolving disputes and providing market information. It is the world's largest shipbroking market and its members handle some 30 per cent of all dry cargo fixtures and 50 per cent of crude oil fixtures. More than half the world's new and second hand tonnage is bought and sold by Baltic members in a market which, according to Clarkson's Research, was worth around US$34 billion in 2001. Commissions from chartering and sale and purchase in 2001 amounted to more than US$½ billion.

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