The Baltic Exchange's robust governance structure ensures its independence. The members of our advisory councils provide vital input into our products and services.

The Baltic Exchange Council (BEC)

This is the governing body which oversees the Baltic, including the Membership Committee and the Charities Committee, in relation to its strategy for membership services, social responsibility, charities and its relationship with its members, governments, regulatory bodies and the global shipping community. 

Members of Baltic nominate from among themselves eight representatives on the BEC who are vetted by the incumbent BEC and approved by Baltic (the Member Representatives).

The Chairman of the Baltic Index Council, the Chief Executive Officer of Baltic and two directors of the Baltic Board will also be members of the BEC. The BEC elects its Chairman and Vice Chairman from among its Member Representatives.

The Chairman of the BEC is invited to attend meetings of the Baltic Board where required.

Denis Petropolous, (Chair)
Mark Jackson- CEO, Baltic Exchange
Haralambos J Fafalios
Guy Hindley
Julie Lithgow
Andy James
Philip Bacon
Stefan Albertijn (ex Officio)

The Baltic Membership Council (BMC)

The Baltic Membership Council (BMC) considers new membership applications, oversees the sports associations and social activities operated by the Baltic and manages the important dispute resolution activity of the Baltic Exchange. From time to time, it may co-opt Members who are not BMC participants to provide additional expertise and shipping experience in support of its work.

The BMC has disciplinary powers of censure, suspension and expulsion over Members and is responsible for maintaining proper, ethical standards in trading. Should a member dispute such a decision by the BMC, they have the right to appeal to the BEC.

Philip Bacon (Chair)
Mark Ravenscroft
Simon Trowell
Brian Nixon
Robert Aberdour
Helen Trundle

The Advisory Councils

The Advisory Councils provide forums through which the Baltic Exchange can engage with its membership and serve as a conduit through which the Baltic can discuss the development of the Baltic indices and receive feedback to proposed changes and new products. Each Council comprises not more than 12 persons representing a cross-section of all users of the Baltic indices. Members are appointed by the Baltic Exchange from amongst its membership and serve on the Council for a minimum of one year.

Baltic Asia Advisory Council: - Dry

Jean-Romain Roig - LDC (Chair)
Bai Peijun - COSCO 
Duncan Bond – Berge Bulk 
Gerard Ang - BHP
Joseph Windscheffel - Cargill
Dehui Gao – SDTR
Ronald Kuok - Pacific Carriers
Jon Mann - FedNav
Matthew Tan - Rio Tinto 
Ranjan Sinha - Tata Steel Ltd
Ben Kiersey – Oldendorff
Andreas Loftnes - Thurlestone

Baltic Asia Advisory Council: - Wet

Christos Ntaraklitsis - BP Gas LPG Holding Ltd
Victor Lin - Shell 
Rajeev Ahuja - Eastern Pacific 
Apostolos Boutos - Thenamaris
Michael Xu - SSY
Nigel Tan - Clarksons 
Kyriakos Mezopoulos - Aramco Trading 
Ben Hendry-Prior - Howe Rob

Baltic European Advisory Council - Dry

Hans-Christian Olesen - Ultrabulk (Chair) 
Chris Connolly - Swissmarine
Peter Bekkestad – Klaveness 
Michael Saverys - CMB Bocimar
Sean Deschamps - Olam 
Rosanna Rixson - Swire
Yannis Stratakis - A.M. Nomikos
Brian Nixon - Greenheart Management
Joseph Feghali - Louis Dreyfus Company Suisse S.A.
Adam Birkett - Cargill 
Manu Ravano - Ifchor 

Baltic European Advisory Council - Wet

Adrian Wooldridge (Chair)
Anthony Chandris - Chandris 
Harvey Miller - Agelef    
Simon Newman - Phillips 66
Per Heilmann - Maersk Tankers 
Ioannis Psarros - Signal Maritime
Mike Roberts - ADNOC L&S
Younghum Park - Teekay Shipping
José Campero - PMI Services
Rupert Lawson - SSY
Tom Morton - Galbraiths