Van AalstTelestackBühler GmbHTBA GroupTMS Awards 2023Vigan
  • Bühler GmbH
  • Cimbria
  • Port of Stockton
  • Port of South Louisiana
  • Sailors Society
  • Telestack

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

INTERCARGO condemns deadly attacks on bulk carriers

(Posted on 14/06/24)

Following news that a seafarer has died and another has been seriously injured in the latest Houthi... Read more


Ecomar delivered to AtoB@C Shipping

(Posted on 14/06/24)

ESL Shipping's subsidiary AtoB@C Shipping has on 13th June taken delivery of Ecomar, which is the third... Read more


GAC to acquire Quadrant Pacific’s ship agency business

(Posted on 14/06/24)

GAC Group, a leading provider of shipping, logistics and marine services in the Asia-Pacific market,... Read more


Onboard carbon capture relies on industry collaboration says DNV

(Posted on 07/06/24)

Onboard carbon capture (OCC) is attracting interest within the shipping industry, providing shipowners... Read more


Franman to promote Saudi’s IMI in Greece and Cyprus

(Posted on 07/06/24)

Athens-based Franman, a leading representative and supplier of premium equipment, parts, products and... Read more


Veson: Bulker newbuilding values at 15-year high

(Posted on 01/06/24)

Values for newbuild vessels of 180,000 DWT are up by c.5.45% from USD 66.09 mil to USD 69.63 mil according... Read more


NorthStandard annual review figures verify value of scale and reach

(Posted on 31/05/24)

Global marine insurer, NorthStandard, recorded increases in premium income, investment returns, and... Read more


VIKAND and Riverr forge srategic partnership

(Posted on 31/05/24)

VIKAND, the global leader in maritime healthcare, and Riverr, a pioneering AI deeptech start-up based... Read more


CMB.TECH and Damen agreement for hydrogen-powered tugs

(Posted on 28/05/24)

CMB.TECH and Damen have announced their collaboration on hydrogen-powered ASD Tugs. Built by Damen,... Read more


Female cadets seeing growing acceptance says Columbia Group

(Posted on 22/05/24)

The maritime sector is at a crossroads, grappling with an evolution that is as necessary as it is overdue... Read more


Port of StocktonSailors SocietyGeneva DryPort of South LouisianaCimbria
  • Vigan
  • Geneva Dry
  • TBA Group
  • Van Aalst

Subscribe to our newsletter

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