Transport Infrastructure
Baltic Exchange, a freight assessment agency, proposes changes to the methodology for Middle East benchmarks
Baltic Exchange, who tracks and evaluates freight rates, proposed Monday amending their'methodology for all Middle East benchmarks. They cited the escalating geopolitical disturbance in the Strait of Hormuz and the wider Middle East area. The exchange wants immediate feedback about a proposal that would allow flexibility in the method?and include an area or port outside of the Middle East Gulf region. The original option of loading at a port within the region will continue. The Baltic Exchange's indexes and assessments can be used to settle freight derivatives trades, benchmark physical contracts, or as an overall indicator of the performance of...