Since 2 January 2018, the 74k 4TC and 82k 5TC Panamax products have been dual reporting. During this period the Baltic has engaged with its panellists and members to get feedback and the new 82k 5TC description has passed successfully through the various trial stages that the Baltic utilises when introducing such a change. 

The following diagram provides more detail on this process and shows the consultation process throughout.

Panamax transition to 82K and 5TC

Panamax transition to 82k and 5TC

Panamax transition to 82k and 5TC

Further details of the Working Group will be sent out in the near future.

In Q1 2019 the Baltic will be arranging a Working Group meeting of members to discuss the future transition from the 74k 4TC to the 82k 5TC – this meeting will be open to all users in both the physical and derivative markets. In the meantime any feedback from members is extremely welcome – please send this to balticbroker@balticexchange.com. Further details of the Working Group will be sent out in the near future.