The Baltic Exchange
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8
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Search complete. 11 mentions across 8 episodes found for "The Baltic Exchange".
Sep 19, 2026
Ambrose Evans-PritchardSOUNDBITE_SPEAKER
The fever has spread to shipping and freight.
Ambrose Evans-PritchardSOUNDBITE_SPEAKER
Lloyd's list says the cost of a giant VLCC oil tanker on the Baltic Exchange has hit US$1 million, $1.4 million, a day, eight times the cost in January.
Ambrose Evans-PritchardSOUNDBITE_SPEAKER
What is happening is truly unprecedented, said Eric Broku-Eisen, the head of shipping at Poten & Partners.
Ambrose Evans-PritchardSOUNDBITE_SPEAKER
The futures markets are no longer pricing in a quick return to normal, as they were in those first insouciant weeks of the Iran war, when traders still believed in the all-conquering might of the US Navy.
Neil WilsonSOUNDBITE_SPEAKER
So obviously, as we said before, if that kind of situation persists, even though the costs of business are not all about jet fuel, it's maybe 25%, 30%, but the impact of a 90% increase in jet fuel has got to be felt in the rates at some point if that continues.
Mike KingHOST
Many thanks to Neil for his time and tech index in the Baltic Exchange for their continued support of Air Cargo Unpacked.
Mike KingHOST
We love their exclusive data.
Mike KingHOST
Neil, what is clear from those numbers is that this is still very much a seller's market.
29 MINS LATER
Mike KingHOST
Yeah, excellent, Mike.
Mike KingHOST
Thanks so much for coming on.
Mike KingHOST
And thanks to, as ever, to Neil Wilson, TAC Index and the Baltic Exchange for exclusive access to the best data in the business.
Mike KingHOST
Big shout out to Karen Ball and Tom Matthews for their sterling production efforts.
William TaylorHOST
Frequently, visitors come in on a Sunday or midweek here at St Helen's who've not been in the city for a decade, and they find themselves getting lost making their way here, even though back in the day they came here every day of their working life.
William TaylorHOST
So in nineteen ninety-five, on the site where the Gherkin currently stands, was the Baltic Exchange, and like St Helen's, it was bombed by Jerry Adams and his IRA.
William TaylorHOST
By around two thousand, the ruins of the Baltic Exchange had been demolished, and there then followed this long, long period where you wondered whether anything was actually going on.
William TaylorHOST
It seemed that there was nothing happening behind those boardings or hoardings.
William TaylorHOST
You couldn't be more wrong.
Stuart WebbHOST
Oil tanker rates have also hit an all-time high of one million dollars a day.
Stuart WebbHOST
Oil tankers transiting from the Persian Gulf to China are being hired at $1.35 million a day, according to data from the Baltic Exchange in London on Monday.
Stuart WebbHOST
While ships carrying oil from Saudi Arabia and avoiding the Red Sea and the Houthi rebels will have to take a thirty-day detour around Africa.
Stuart WebbHOST
South Korea and the United States are holding senior level defense talks this week as South Korea weighs sending a naval deployment to the Strait of Hormuz.
Jack GambleHOST
Now they're sitting at just under $800,000 a day and rising quickly.
Jack GambleHOST
Freight, as measured by the Baltic Exchange's tanker index that looks at VLCC daily earnings across different routes, has more than doubled over the course of the war to a peak.
Jack GambleHOST
So it's getting more expensive to move stuff by boat.
Jack GambleHOST
And take a look at this ETF.
Toby HarndenGUEST
So was Docklands.
Toby HarndenGUEST
So was Baltic Exchange.
Toby HarndenGUEST
So was Bishop's Gate.
Toby HarndenGUEST
So all that was being run from South Armagh.
speaker_8UNKNOWN
I think at the moment it's more latent than that.
speaker_8UNKNOWN
And what I would ask, not just yourself, Thomas, but obviously the entire panel... is what are the prospects for, for example, if one or two countries get their act together, become more democratic, more self-interested, what are the prospects still for peaceful resolution to the undoubted tensions? And just as a wee sort of, I don't know, illustration of that, I was down at the Greenwich Museum a couple of days ago, and I saw the beautiful Baltic Exchange stained glass, which was commissioned and constructed in 1922.
speaker_8UNKNOWN
The Baltic Exchange represented trade, commerce, effectively peaceful prosperity.
speaker_8UNKNOWN
And then obviously World War I completely shattered that, and the Baltic glass was a commemoration and perhaps a reminder that there is another way.
speaker_8UNKNOWN
There's little wars at the moment.
Mike KingHOST
That probably says it all about your career.
Mike KingHOST
Um, just wrapping up, a big shout out as always to Neil Wilson and Tacindex and the Baltic Exchange for exclusive access to the best data in the business.
Mike KingHOST
For more from the Freight Buyers Club and Air Cargo Unpacked, subscribe wherever you get your podcasts and follow us on LinkedIn and YouTube.
Mike KingHOST
I'm Mike King.