Circular: 24/24

Family: BDTI
Index: VLCC Time Charter Equivalent (VLTCE)
Category: Market Announcement  

As part of the Baltic’s continual process of quality checking and review of the published indices it was identified that, following the cessation of TD1 TCE, the weightings for the VLTCE was not applied to the correct number of decimal places.

 

This resulted in the VLTCE being incorrectly calculated during the period 2 January 2024 to 26 July 2024.

 

The corrected TCE weightings have been updated and the TCEs recalculated, values for the above routes were restated on 26 July 2024 .

 

Any questions or comments should be directed to balticbroker@balticexchange.com.


Circular ID: MA/Tankers/202407/24/N