The Baltic Exchange has seen a surge of interest from new members since being acquired by Singapore's SGX last November, says chief executive Mark Jackson.

“To date, an additional 42 new members have joined the Baltic Exchange, with one-third of those being Asian-based owners and traders,” he told TradeWinds.

Jackson says new members are not only seeking access to “independent freight market assessments but to benefit from the status and credibility that Baltic membership provides.”