24th October 2018
Infospectrum collaboration enhances Baltic Exchange members' risk assessment capability
Client news
The Baltic Exchange and leading global maritime counterparty risk analysis company Infospectrum, today (24 October 2018) announced a collaboration that will see Infospectrum become the Baltic Exchange’s exclusive counterparty intelligence provider.
The partnership will allow the Baltic Exchange to carry-out more detailed background checks of entities seeking to join the Exchange. It will also provide Baltic Exchange members with a means of sourcing business/company information, counterparty intelligence and credit reporting/credit ratings on their business partners.
Members will be encouraged to draw upon Infospectrum’s market intelligence developed by its global team of risk analysts and consultants in the UK, the US, Singapore, Australia and Colombia. Information will also be used to support the Baltic Exchange’s dispute resolution service,reducing time and costs allocated to this complex area.
Mark Jackson, CEO, Baltic Exchange, commented: “This is part of the Baltic Exchange’s drive to add value to Baltic membership. We want the wider commodity and financial communities to understand that Baltic Exchange member firms adhere to a strict code of conduct based on the principles of honesty and ethical trading, with access to impartial information from Infospectrum, a recognised and respected intelligence provider.”
Panos Panousis, Managing Director, Infospectrum, added: “We’re delighted to be collaborating so closely with the Baltic Exchange. Greater transparency, and an improved understanding of the risks of our complex sector, benefits individual companies and the shipping industry as a whole. Our team of experts will help to speed up and enhance the Baltic’s new member onboarding process, identify whether or not a company is a Baltic Exchange member in our reports and provide business intelligence to the Baltic Exchange.”
For further details,please contact:
Bill Lines
+44 (0)20 3326 8460
E: blines@navigatepr.com
Notes to editors
About the Baltic Exchange
The Baltic Exchange is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts. Its international community of over 600 company members encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic. Baltic Exchange members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels.
In November 2016, the Baltic Exchange was acquired by Singapore Exchange (“SGX”), bringing together complementary strengths of Singapore and London, two of the world’s most important maritime centres.
Baltic Exchange services
• Independent, high quality dry, wet and gas freight market information
• Self-regulated chartering, sale and purchase and freight derivatives markets
• Central forum for competing freight market interests
• Framework ensuring high standards of business practice and co-operation
• London-based business facilities for members
About Infospectrum
Infospectrum is the leading global provider of due diligence, credit reporting and risk management consultancy services to the shipping and commodity industries.From its formation in 1999, Infospectrum has established the largest, and most experienced, team of analysts, with six global offices providing rapid, discreet and impartial business intelligence to support counterparty risk mitigation, understanding the complexities,sensitivity and speed demanded by the shipping and commodities sector.
Supporting a global client base of almost 1,000 companies, ranging from major wet and dry commodity traders, trade finance banks, insurers, bunker suppliers and ship owners/operators,Infospectrum has a database of more than 21,000 companies spanning the shipping and commodities industries, reviewing circa 400 counterparties for its clients every month.