January 2023

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23-January-2023

The Baltic Exchange in London has reported a decrease in its annual earnings, primarily attributed to the absence of one-off gains from the leasehold sale of its headquarters in the previous year. According to financial statements filed with Companies House, the net profit for the year ending on June 30, 2023, amounted to $562,000, compared to the previous year’s figure of $2.61 million. It’s worth noting that the primary source of revenue for the Baltic Exchange is the sale of memberships, and overall performance is considered satisfactory.

27-January-2023

The Baltic Exchange’s Capesize 5TC declined 31.2% over the week to $4,443 per day. The Baltic Exchange’s Capesize 5TC plunged to its lowest level since August 2022. The Baltic Exchange’s Capesize 5TC plunged by a third over the past week as China observed the Chinese New Year holiday.