The Baltic Exchange is pleased to announce that Jin Yu Cheong has been named the new head of Baltic Exchange Asia out of Singapore, replacing Su Ling Lu following nearly five years in the role.
 

Jin joins the Baltic Exchange from SGX where he held the position of Director of Commodity Derivatives for the past eight years, during which time he developed and enhanced commodity products across the steel value chain, as well as LNG and carbon.
 

He started his career at Glencore in 2003 where he joined the Graduate Trader Programme in London before transferring to Singapore to be a part of the firm’s gasoline trading desk. He then joined Pavilion Gas and Hartree as a trader covering LNG and FFAs before joining SGX in 2015. Jin has an MA in Philosophy, Politics and Economics from Oxford University.
 

“It is an honour to head up the Baltic’s operations in Asia and I am very excited for the challenges and opportunities this position will bring. The Baltic Exchange is one of the most venerable and trusted names in shipping and freight, and the company’s profile in Asia has grown significantly in recent years. I hope to build upon the success of my predecessor and continue to establish strong partnerships with stakeholders in the freight space across Asia to ensure the Baltic Exchange remains the go-to choice for freight services, not just in Asia but around the world,” Jin said.
 

The Baltic Exchange was acquired by SGX in 2016 and the company’s profile and membership in Asia has grown tremendously in that time. The Baltic Exchange now has more than 250 members across Asia, with over 80 in Singapore alone. Asia remains the Baltic’s fastest growing region and now accounts for more than 30% of its total membership, up from 20% in 2017.