Baltic Exchange gives LNG a place
The Baltic Exchange has granted a forum to the alternative fuels sector. Following an approach by LNG shipbroking companies, the Baltic Exchange formed the Baltic LNG Panellists Group.
The move comes as the Baltic Exchange looks to develop a new liquefied natural gas (LNG) index comprising several routes for the evolving LNG shipping market.
Affinity, Braemar ACM, Clarksons and SSY are the LNG panellists group's first members. They are currently assessing a range of LNG routes before reporting moves to a trial phase, since trade patterns diversified after the construction of new import and export terminals, and the ongoing expansion of the LNG fleet.
Moreover, the LNG shipping market is characterized by a rising spot market activity. (cd)