The Baltic Exchange has added quarterly assessments (GOPEX) on the cost of operating LNG and LPG tankers to its growing suite of shipping investor tools.

Data will be provided by leading independent third-party ship management companies Anglo-Eastern and AEX LNG Management, Fleet Management and V-Group. 

The Baltic Exchange's latest offering follows benchmarking that also covers vessel earnings.

Baltic Exchange Chief Executive Mark Jackson said:

"Adding OPEX indices for gas carriers brings transparency to the marketplace about how much it costs to run an LNG or LPG carrier and complements our data for the spot earnings of these vessels. They assist investors assess health of earnings using independent and reliable information from a credible provider of benchmarks for the shipping industry"

All values are expressed in USD per day and the published OPEX value is the sum of crew, technical, insurance and fees.  Drydock costs do not contribute to the OPEX, but are published for both LNG and LPG vessels.

Baltic Operating Expense Index Gas GOPEX $/day

LNG Carrier Operating Expense Index LNGOPEX $/day
LNG Carrier Crew Cost LNGCC $/day
LNG Carrier Technical Cost LNGTC $/day
LNG Carrier Insurance Cost LNGIC $/day
LNG Carrier Dry Dock Cost LNGDC $/day

LPG Carrier Operating Expense Index LPGOPEX $/day
LPG Carrier Crew Cost LPGCC $/day
LPG Carrier Technical Cost LPGTC $/day
LPG Carrier Insurance Cost LPGIC $/day
LPG Carrier Dry Dock Cost LPGDC $/day

ENDS 

Issued by Navigate PR on behalf of the Baltic Exchange
For further details please contact:

Bill Lines
T: +44 (0)20 3326 8460
E: [email protected]

About the Baltic Exchange

The Baltic Exchange is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 600 members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. 

Baltic Exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels. In November 2016, the Baltic Exchange was acquired by Singapore Exchange ("SGX"), bringing together complementary strengths of Singapore and London, two of the world's most important maritime centres.  

Baltic Exchange services

• Independent, high quality dry, wet and gas freight market information
• Self-regulated chartering, sale and purchase and freight derivatives markets
• Central forum for competing freight market interests
• Framework ensuring high standards of business practice and co-operation
• London-based business facilities for members

www.balticexchange.com