Following a review of the Cape indices the decision has been taken to cease the following indices.

Route C15 (160,000 10% coal, Richards Bay to Fangcheng) This route went live in May 2014 at a time when sufficient volumes were trading. As part of the Baltic’s annual review it became clear that the volume has been declining and therefore harder for Panellists to assess. The Baltic Index Council has approved the proposal to cease publication from 31 January 2020.

Route C4 (150,000 10% coal, Richards Bay to Rotterdam) This route has been assessed since the inception of the Cape routes in 1999 and for many years was heavily traded with good visibility. As part of the Baltic’s annual review, recent trading pattern changes have significantly reduced both the volume and visibility, with what little volume moving restricted to a few players. The Baltic Index Council has approved the proposal to cease publication of this route from 30 June 2020. There is some FFA Open Interest going out until March 2020 should this increase then a settlement price would be provided.

Any questions or comments should be directed to balticbroker@balticexchange.com