Baltic Exchange chief executive Jeremy Penn says that he is not willing to get involved in what he terms “megaphone diplomacy” in response to last week’s announcement by panellists who oppose the takeover by the Singapore Exchange (SGX) that they are setting up their own association.
This association, called the Competitive Ship Brokers Limited (CSBL), is being formed to protect what they see as their “intellectual property”, the data used to compile the indices which are seen as vital to the Baltic Exchange.
Penn,
