VORTEXA ANNOUNCES DATA PARTNERSHIP WITH THE BALTIC EXCHANGE

KUALA LUMPUR, Oct 14 (Bernama) -- Vortexa has announced a data partnership with The Baltic Exchange, which makes its freight pricing benchmarks available alongside Vortexa analytics.

Vortexa Chief Executive Officer (CEO), Fabio Kuhn said: “It's the first time that predictive and real-time freight analytics and pricing are brought this close. This unparalleled view will unlock an immense competitive edge to market participants in a fast-evolving playing field.”

Meanwhile, Baltic Exchange’s CEO, Mark Jackson said: ‘’This partnership adds value to Vortexa users and increases the footprint of The Baltic Exchange as the world’s leading source of independent maritime market data.”

The Baltic Exchange is the world's leading independent source of maritime market information for the trading and settlement of physical and derivative contracts, according to a statement.

Vortexa’s forward view of tonnage supply up to 35 days ahead along with real-time tonne-mile demand data at the highest frequency and granularity available in the freight markets are rapidly transforming chartering and positioning decisions among Vortexa's existing clients including trading houses, shipowners and oil majors.

The integration of The Baltic Exchange freight prices with Vortexa's real-time supply and demand freight analytics will empower users to identify, optimise and time opportunities in the freight markets at much greater speed and accuracy.

Vortexa provides market-leading real-time data and advanced analytics for energy and shipping markets. With the most accurate and complete picture of flows and freight dynamics, Vortexa covers crude oil, refined products, LPG and LNG, across all vessel classes.

-- BERNAMA