Pause operations: company temporarily curtailing operations while keeping return options open
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The Baltic Exchange is a membership organisation for the maritime industry, and freight market information provider for the trading and settlement of physical and derivative contracts. It was located at 24–28 St Mary Axe, London, until the building was destroyed by a bomb in 1992.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionFollowing discussions with a Baltic Member who received oral guidance from the UK Government, the Baltic Exchange is of the opinion that UK persons are prohibited from broking, chartering and selling vessels to persons connected with Russia, and to do so would breach inter alia UK sanctions: Part 5 Chapter 2 Clause 29 (1) of the Russia (Sanctions) (EU Exit) Regulations 2019
| October 04, 2022 | Baltic Exchange suspends Russia-linked tanker indices amid sanctions |