Baltic Change has launched a brand new collection of chemical and agricultural oil assessments to satisfy the evolving wants of the maritime freight market
Posted on: 5 February 2025
Baltic Change has launched a brand new collection of chemical and agricultural oil assessments with the intention to meet the evolving wants of the maritime freight market and convey its famend experience and benchmarking knowledge to the chemical and agri-oil delivery sectors.
The Baltic Chemical and Agricultural Oil Assessments (BCAA) will probably be produced on a weekly foundation as of February 2025. The assessments are designed to serve a phase of the freight market – throughout homeowners, charterers, brokers and buying and selling firms – that’s more and more demanding key freight knowledge and sector benchmarks on a extra common foundation to make extra knowledgeable monetary choices.
Famend for its experience in dry bulk, tanker, and fuel freight sectors, alongside offering container and air freight knowledge, Baltic Change is now set to have interaction with a broader spectrum of stakeholders, together with shipowners, charterers, and industrial producers throughout the entire chemical, vegetable/agri-oil, and biofuel provide chains. These industries present very important merchandise and makes use of to on a regular basis life, from cleansing/hygiene merchandise to meals and cooking, building supplies, transportation, agriculture, clothes, and electronics.
Filling a spot in current freight assessments, the BCAA will supply insights right into a collection of commerce routes protecting “easy-chemicals” like benzene, biofuels, and caustic soda, in addition to vegetable oils. The indices, priced in USD per metric ton and foundation 5,000 mt or 10,000 mt shipments (and 40,000 mt for vegetable oils), mirror the distinctive nature of chemical tankers, which carry a number of cargo sorts and require specialised dealing with past a conventional oil merchandise service.
The commerce routes lined by BCAA embrace:
EC11: Northwest Europe to US GulfEC22: Center East Gulf to West Coast IndiaEC23: Center East Gulf to ChinaEC34: US Gulf to Far EastEC35: US Gulf to Northwest EuropeEC36: US Gulf to BrazilEC43: Singapore to ChinaEC52: Korea to West Coast IndiaEC57: Korea to SingaporePO45: Singapore Straits to Northwest EuropeVG62: EC South America to West Coast India
“In contrast to conventional freight indices, chemical tanker operations are extremely complicated, involving a number of unrelated cargoes with very particular however numerous stowage and dealing with necessities. Nonetheless, the chartering market has now turn into sufficiently mature for us to develop a reference worth for these key commerce lanes,” mentioned Mark Jackson, CEO of Baltic Change.
“The launch of the BCAA underscores our dedication to broadening our companies and offering crucial transparency in underrepresented markets. By increasing into the chemical and agri-oil sectors, we’re providing the freight market much-needed benchmarks for these specialised industries. This newest set of benchmarks displays our dedication to supporting the various wants of the worldwide delivery group, and we sit up for persevering with to innovate and collaborate with stakeholders throughout delivery’s most necessary sectors.”
The BCAA is the newest in a collection of recent merchandise from Baltic Change because it seems to supply an expanded portfolio of companies to the worldwide delivery trade. Latest launches embrace the Baltic Know-Your-Buyer (KYC) Platform, which leverages trusted databases to boost due diligence and compliance procedures, and its FuelEU Maritime Calculator, which helps shipowners estimate the business prices of the brand new environmental regulation. These instruments, alongside the BCAA, mirror the Baltic Change’s continued dedication to delivering sensible options that help transparency, threat administration, and sustainability in world maritime operations.
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