Circular 08/22 - Change: Cessation of TD12 and new BDTI Multiplier applied
Family: Wet, Tanker
Index: BDTI
Change: Cessation of TD12 and new BDTI Multiplier applied
Further to circulars CA/Tankers/202202/5/N and CA/Tankers/202203/6/R regarding the proposed cessation of TD12, the Baltic did not receive any objection and the route's last day of publication will be 08/02/22.
This will mean the route’s removal from the BDTI family taking effect on 11/04/22, as a result a new multiplier will be applied which will be calculated on the basis of the previous 12 months BDTI assessments.
The final multiplier shall be advised prior to publication on 11/04/22, it is to be noted that this will have an effect on the BDTI from that day. Basis today and calculated over the last twelve months this would have an effect of a 35 points gain on the BDTI.
Any questions or comments should be directed to balticbroker@balticexchange.com
Ref: CA/Tankers/202204/8/C