TBA GroupPort of South LouisianaBühler GmbHTOC Africa 2025Sailors SocietyVan Aalst
  • Bühler GmbH
  • Port of Stockton
  • Vigan
  • Van Aalst
  • Geneva Dry
  • TBA Group

Baltic plans a charterparty tool

Baltic plans a charterparty tool

(Posted on 02/05/18)

The Baltic Exchange has entered into discussions with a group of Dry Panellist Brokers with the aim of jointly developing a charterparty and recap tool for the dry bulk market. The goal is for the Baltic Exchange and Panellists to work together and produce an industry standardised recap manager and charterparty editor.

The Baltic Exchange Recap Manager (BERM) concept was presented at a meeting with representatives of a group of Baltic Exchange panellists last month in London. Commenting on the discussions, Baltic Exchange Chief Executive Mark Jackson said:

"We've been looking at the post trade space for 12 months and after consultation with our members and Panellists the area of contract management was highlighted. Our joint aim is to develop a broker-centric product that will be adopted by the market. Contract management systems can maximise efficiency and accuracy in contract production and is a key service Shipbrokers provide to their customers. The Baltic is partnering with Chinsay as its technology provider – with this arrangement in place we can build on Chinsay's existing charterparty management system, which is used by many of the major principals and shipbroking companies."

ACM Braemar, E A Gibson, Howe Robinson and CSBL members; Arrow Shipbroking Group, Barry Rogliano Salles, Hartland Shipping Services, Ifchor and Thurlestone Shipping, have agreed to explore this project further with the Baltic Exchange. A working group will look at the possible structure of an agreement and scope the system's functionality.

Latest News

Positive results for Pacific Basin despite weaker freight market

(Posted on 15/08/25)

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced... Read more


Swedish Club: Geopolitical volatility is new normal for marine insurance

(Posted on 14/08/25)

The shipping industry must accept that geopolitical instability is now a permanent part of the operating... Read more


Diverse vessel and market portfolio provides resilience for Algoma

(Posted on 11/08/25)

Algoma Central Corporation has reported its results for the three and six months ended June 30, 2025... Read more


Columbia: Compliance must be more than box-ticking exercise

(Posted on 11/08/25)

The International Maritime Organization’s Maritime Safety Committee (MSC) has sent a clear message... Read more


DNV and RSI complete study on decarbonising short sea dry bulk fleet

(Posted on 07/08/25)

Amid increasing pressure on shipping to achieve the IMO 2050 decarbonization targets, the Responsible... Read more


London P&I Club warns industry over incorrect FIBC loading

(Posted on 04/08/25)

The London P&I Club has renewed calls on ship owners, operators and charterers to address potential... Read more


Columbia Group calls for overhaul of maritime training

(Posted on 04/08/25)

Columbia Group is calling for urgent reforms in maritime education to address a growing shortage of... Read more


MIS launches as new global media platform

(Posted on 30/07/25)

Maritime Information Services (MIS) has officially launched as a global media platform delivering daily... Read more


Russian and Ukrainian seafarers continue struggle with psychiatric fallout of war

(Posted on 30/07/25)

Russian and Ukrainian seafarers continue to experience significant psychological strain following the... Read more


Noatum expands global footprint with inauguration of Shanghai office

(Posted on 30/07/25)

Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, announced the official... Read more


Geneva DryTelestackTOC Americas 2025ViganCimbriaPort of Stockton
  • Sailors Society
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping