In late August, over 80 maritime industry professionals gathered in Singapore for a joint forum hosted by the Baltic Exchange and Citi Commercial Bank. The event provided a platform to discuss the evolving challenges, risks, and opportunities shaping the future of global logistics and trade.

Held at Tinto Spanish Restaurant, the session featured notable speakers, including Jin Yu Cheong, Head of Baltic Exchange Asia, alongside Citi Group’s Vineet Puri, Head of Shipping, Logistics & Offshore, and Krystle Liew, Head of Energy Asia. The forum offered a deep dive into the current state and future projections for the global shipping industry, addressing key issues such as risk management for various commodities, trends in oil markets, and the impact of EU allowances on the sector.

A highlight of the discussion was Baltic Exchange’s focus on the widely recognized Baltic Dry Index (BDI), a crucial benchmark for shipping activity. Jin Yu Cheong shared valuable insights into how understanding shipping cycles, along with leveraging Baltic Exchange data, can help shipping professionals navigate market volatility and mitigate risks in a fluctuating trade environment.

The event concluded with a lively networking reception, allowing attendees to further connect in the warm Singapore evening. During the gathering, Jin took the opportunity to engage with participants, discussing the value of Baltic Exchange data and its critical role in helping industry players make informed decisions. Several attendees expressed a keen interest in learning more about how Baltic Exchange can support their business operations in the complex world of global shipping.