Risk management key for freight, says Baltic Exchange chief

“Risk management is now at the top of everyone’s agenda, with the shipping market taking an increasingly sophisticated approach,” he said.

Speaking at a freight derivatives forum in Geneva, Penn emphasised the significance of the exchange’s enhanced forward assessments as part of its overall commitment to the freight market.

Recent enhancements to the Baltic Exchange’s indexes have included the addition of wet market forward curves and extensions to its established dry market forward assessme