IMC Shipping has joined the Baltic Exchange after being the first to apply for membership since the Singapore Exchange acquired the London shipping institution.

IMC Shipping – part of the IMC Industrial Group – joins over 650 Baltic Exchange member firms that encompass the majority of global shipping, said the Singapore Exchange (SGX) in an announcement.

The company’s business focus includes dry bulk trade routes that supply iron ore and coal to Asia’s fast-growing economies.

Michael Syn, SGX’s derivatives head said: “We are delighted to welcome another new Baltic member from Asia as we look to enhance growth opportunities amid the shift in seaborne trade to this part of the world.”... read more http://www.bookspen.com/22231-2/