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Baltic Exchange Chairman Denis Petropoulos Statement on Coronavirus COVID-19

Logistic News - Published on Fri, 20 Mar 2020

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The Baltic Exchange Chairman Denis Petropoulos said “These are extraordinary times, but the world’s ships need to keep moving. Thanks to the continued efforts of all, both at sea and ashore, this industry continues to transport the world’s commodities and goods and underpin everyone’s lives. Baltic members play a significant role in this. The Baltic Exchange is taking precautionary steps in London and Singapore to ensure a normal service and support our members. Our daily benchmark services continue to remain unaffected and published as normal throughout the working week. The impact of disruptive events such as this is well rehearsed and planned for. The Baltic’s risk mitigation measures are detailed in our Guide to Market Benchmarks which includes a business continuity and disaster recovery plan.”

He said “These are indeed testing times, particularly so for an industry that traditionally networks and requires frequent travel, but shipping is and will always be needed to keep the world moving. Despite a disruptive working environment for all of our members, the Baltic Exchange will continue providing the indices and assessments which so many depend on.”

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Posted By : Rabi Wangkhem on Fri, 20 Mar 2020
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