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Encyclopedia > Baltic Exchange

The Baltic Exchange is a UK company that operates the premier global marketplace for shipbrokers, ship owners and charterers. The company was founded in the mid-eighteenth century. The first use of the name was at the Virginia and Baltick Coffee House in Threadneedle Street in 1744, and was registered as a private limited company with shares in 1900. Today the exchange is owned by its member companies and is not publicly traded on a stock exchange. It is operated by a member-elected Board of Directors. Image File history File linksMetadata BELogo. ... Shipbroking is a part of the shipping industry. ... Chartering can refer to: Charter airline Chartering (shipping) This is a disambiguation page — a list of articles associated with the same title. ... (17th century - 18th century - 19th century - more centuries) As a means of recording the passage of time, the 18th century refers to the century that lasted from 1701 through 1800. ... Threadneedle Street Threadneedle Street is a road in the City of London, leading from an intersection with Poultry, Cornhill, King William Street and Lombard Street, to Bishopsgate. ... // Events The third French and Indian War, known as King Georges War, breaks out at Port Royal, Nova Scotia The First Saudi State founded by Mohammed Ibn Saud Prague occupied by Prussian armies Ongoing events War of the Austrian Succession (1740-1748) Births January 10 - Thomas Mifflin, fifth President... Year 1900 (MCM) was an exceptional common year starting on Monday (link will display the full calendar) of the Gregorian calendar, but a leap year starting on Saturday of the Julian calendar. ...


The exchange provides daily freight market prices and maritime shipping cost indices, and a market for freight futures (known as Forward Freight Agreements or FFAs), as well as port information, and serves as a sea-vessel marketplace and a venue for dispute resolution. Originally operating a trading floor, the exchange's transactions are today done solely over the telephone. A Freight derivative is a financial instrument for trading in future levels of freight rates, primarily for dry bulk carriers and tankers. ... The notion of trading room (sometimes used as a synonym of trading floor, see below) is widely used in financial markets to refer to the the office space where market activities are concentrated in investment banks or brokerage houses. ... The telephone is a telecommunications device which is used to transmit and receive sound (most commonly voice and speech) across distance. ...


The company reportedly employed 32 people as of 2003, and currently reports employing 27. 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ...


Their office is located at 38 St Mary Axe in central London, and is also used as a business and social venue. St Mary Axe was a medieval parish in London whose name survives on the street it formerly occupied, St Mary Axe. ... This article is about the capital of England and the United Kingdom. ...


The exchange publishes six daily indices:

  • Baltic Dry Index
  • Baltic Panamax Index (BPI)
  • Baltic Capesize Index (BCI)
  • Baltic Handymax Index (BHMI)
  • Baltic Tanker Dirty Index
  • Baltic Tanker Clean Index

The Baltic Dry Index is an index covering dry bulk shipping rates and managed by the Baltic Exchange in London. ...

The bombing

On April 10 1992 the Exchange's offices at 30 St Mary Axe were virtually destroyed in an Irish Republican Army bomb attack. The bomb was contained in a large white truck and consisted of a fertilizer device wrapped with a detonation cord made from Semtex. It killed three people: Paul Butt, 29, Baltic Exchange employee Thomas Casey, 49, and 15-year old Danielle Carter. £350 million worth of damage was done to surrounding buildings, many of which were also badly damaged by the Bishopsgate bombing the following year. 1992 (MCMXCII) was a leap year starting on Wednesday. ... Looking south down Bishopsgate, one of the main roads leading through Londons financial district. ... A Republican mural in Belfast depicting the hunger strikes of 1981. ... Looking north from a pedestrian bridge across Bishopsgate Bishopsgate, in the heart of Londons financial district. ...


The historic building was built in 1903 by Smith and Wimble and had been listed as a Grade II listed building. Architectural conservationists wanted to reconstruct what remained from the bombing -- even winning the support of the government. English Heritage, a government preservation society, and the Corporation of London insisted that any redevelopment must restore the building's old façade on to St Mary Axe. Baltic Exchange, unable to afford such an expensive undertaking, sold the land to Trafalgar House in 1995. Most of the remaining structures on the site were then carefully dismantled; the interior of Exchange Hall and the facade were preserved and sealed from the elements. 1900 (MCMIII) was a common year starting on Thursday (link will display calendar) of the Gregorian calendar or a common year starting on Friday of the 13-day slower Julian calendar. ... Buckingham Palace, a Grade I listed building. ... English Heritage is a United Kingdom government body with a broad remit of managing the historic environment of England. ... Coat of arms of the City of London as shown on Blackfriars station. ... West façade of the Notre-Dame de Strasbourg Cathedral A facade (or façade) is the exterior of a building – especially the front, but also sometimes the sides and rear. ... Trafalgar House was a United Kingdom conglomerate with interests in property, property development, construction, passenger shipping and engineering. ... 1995 (MCMXCV) was a common year starting on Sunday of the Gregorian calendar. ...


English Heritage later discovered the damage was far more severe than they had previously thought. Accordingly, they stopped insisting on a full restoration. What remained of Exchange Hall was completely razed in 1998 with the permission of John Prescott, over the objections of architectural conservationists. 1998 (MCMXCVIII) was a common year starting on Thursday of the Gregorian calendar, and was designated the International Year of the Ocean [1]. // Coated in ice, power and telephone lines sag and often break, resulting in power outages. ... John Leslie Prescott MP (born 31 May 1938) is a British Labour Party politician, Deputy Prime Minister, First Secretary of State and Member of Parliament for the North East constituency of Hull East. ...


Its classic red granite, coloured marble, Portland stone, and much of the original plaster interiors that survived the bomb are currently stored in a Canterbury barn. Dismantled and packed in wooden crates, they are waiting to be sold for £750,000. Quarrying granite for the Mormon Temple, Utah Territory. ... The Cenotaph, in Whitehall, London, England, is made from Portland stone Portland stone is limestone from the Jurassic period quarried on the Isle of Portland, Dorset. ... Canterbury is a cathedral city in east Kent in South East England and is the seat of the Archbishop of Canterbury, the Primate of All England, head of the Church of England and of the worldwide Anglican Communion. ...


30 St Mary Axe is now home to the building commissioned by Swiss Re, commonly referred to as "the Gherkin". 30 St Mary Axe - at 180 m, Swiss Res London headquarters is the 6th tallest building in London Swiss Re is the worlds second-largest reinsurance company (after Munich Re/ Münchener Rück), and the worlds largest life and health reinsurer. ... Looking south down Bishopsgate, one of the main roads leading through Londons financial district. ...


Current Management

As of November, 2004, the current management includes: 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...

  • Chief Executive: Jeremy Penn
  • Head of Finance and Company Secretary: Mark Soutter
  • Communications: Bill Lines

External links


  Results from FactBites:
 
Baltic Exchange - Wikipedia, the free encyclopedia (536 words)
The Baltic Exchange is a UK company that operates the premier global marketplace for shipbrokers, ship owners and charterers.
Baltic Exchange, unable to afford such an expensive undertaking, sold the land to Trafalgar House in 1995.
What remained of Exchange Hall was completely razed in 1998 with the permission of John Prescott, over the objections of architectural conservationists.
  More results at FactBites »


 

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