SGX Partners Baltic Exchange

The Baltic Exchange is to provide the Singapore Exchange (SGX) with its benchmark prices for the settlement of forward freight agreements (FFAs) for dry bulk and wet tanker routes cleared on the SGX's over-the-counter clearing facility.

The London-based shipping bourse will also make available its forward curve price assessments for margin calculations.

Jeremy Penn, chief executive of the Baltic Exchange, said: "Singapore is strategically located as an important maritime centre, and this devel