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The Baltic Exchange (incorporated as The Baltic Exchange Limited [1]) is a membership organisation for the maritime industry, and freight market information provider for the trading and settlement of physical and derivative contracts. Situated since Edwardian times at 24–28 St Mary Axe, London EC3, the building was destroyed by a bomb in 1992.
The Freightos International Freight Index was first launched as a weekly freight index in early 2017. [7] The Freightos Baltic Index has been in wide use since 2018. [8] It is currently the only freight rate index that is issued daily, and is also the only IOSCO-compliant freight index that is currently regulated by the EU (in particular, the European Securities and Markets Authority).
DB Schenker now is the biggest freight operator in the United Kingdom, and also operates the British Royal Train used by the Royal Family. [ 7 ] In 2021, the company launched Schenker Ventures, its own venture capital arm to invest in innovation in the logistics industry.
It was smooth sailing for ocean transportation specialist Zim Integrated Shipping Services (NYSE: ZIM) stock over the past five trading days. An analyst's substantial price target increase helped ...
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Freight costs are soaring amid Red Sea tensions, sending shipping stocks higher. ... BofA analysts raised their price target on stock traded in Denmark from 8,800 to 15,100 Danish kroner, which is ...
In 2012, C.H Robinson purchased Phoenix International for $635 million and doubled its ocean freight capacity. [21] [26] The company also acquired the Polish shipping firm Apreo Logisitics S.A., which provides trucking, air, and ocean shipping services throughout Europe. [25] The company launched a technology-enabled platform called Navisphere ...
At that time, COSCO International was the second largest shareholder of Sino-Ocean Group for 16.85% stake. [14] In 2015, the ultimate parent company, COSCO, merged with China Shipping Group to become China COSCO Shipping, or known as COSCO Shipping. Thus, the listed company was renamed into COSCO Shipping International (Hong Kong) Co., Ltd.. [15]