It is reported that Mr Stefan Albertijn senior freight manager at Alfred C Toepfer International has been appointed as chairman of Baltic Exchange's Freight Market Information Group dry section, replacing Mr Raghu Raghunath of Noble Group.

Commenting on his appointment, Mr Stefan Albertijn said that "As chair my main focal points will be the Baltic Exchange indices, building grass roots support for the group, best practices and developing user friendly trading technology. As the indices are a key guide for everybody involved in our industry, the FMIUG will continue to work with the Baltic and the panelists to further improve both the quality and the transparency of the various indices and their respective forward curves."

He added that "A key goal is to make sure that non-derivatives traders also have a say and can bring their physical market experience to bear on market reporting and index vessel definitions. Going hand in hand with this are issues surrounding best practices such as how to trade using the Baltic Code and services and appropriate documentation. The FMIUG will also continue to strive for a harmonization of derivatives trading screen rules which might be a first step to a Baltic Exchange FFA overlay screen."

(Sourced from The Baltic Exchange)