Baltic Exchange forms asset derivatives advisory group

The Baltic Ship Valuation Assessments (BaSVA) were launched in May 2003 by the Baltic Exchange and provide bi-monthly assessments for second hand values of VLCC, aframax, capesize and panamax vessels. Since its launch the value of a five year old second hand capesize vessel has almost doubled, the exchange said.

“Asset prices have traditionally been highly volatile, and this new product has huge potential as a tool for shipowners, traders, banks and the shipping and financial markets to trad

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