Baltic Exchange launches escrow service and container index
THE Baltic Exchange, a London-based subsidiary of the Singapore Exchange (SGX), is launching an escrow service for vessel sales and a global container freight index.
In a separate announcement, it also said it will be introducing a new Baltic Code, a modernised code of conduct for shipowners, charterers and shipbrokers.
These come about a year after its chief executive Mark Jackson rejoined the 274-year-old institution, drawn by the prospect of being able to move the organisation into the future thanks to a now-unified shareholding.
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