Further to Circular 35/18 and continuing the consultation process, the Baltic will be holding a Panamax working group meeting on Tuesday 12 February 2019 at the Baltic Exchange, which is open to all members.
The meeting will debate

A method to derive a value for the 74k 4TC Index from the 82k 5TC Index

The date to switch from a panellist assessment to a derived value for the 74k 4TC

Open interest, physical and derivatives

Background
On 3 November 2015 the Baltic initiated a consultation which determined thatthe existing 74k 4TC Index would need to be updated and a new 82k 5TC wasrequired as its successor.

The new 82k 5TC passed successfully through the various trial stages and wentlive on 2 January 2018. 12 months of dual reporting (74k 4TC and 82k 5TC) hascompleted.

The working group will discuss the next steps in the retirement of the 74k 4TCIndex.
The findings of the working group will be circulated to members for theirfeedback and then presented to the BIC for their decision.

Any feedback or commentsyou would like to be brought to the working group’s attention is extremelywelcome – please send this to balticbroker@balticexchange.com