Baltic Exchange Information Services Limited (BEISL) has published its 2025 independent assurance reports following its most recent audit by PricewaterhouseCoopers LLP (PwC).
The independent audits, which are commissioned annually by the directors of BEISL, are conducted to ensure the way BEISL assesses oceanbulk and container markets remains robust and adheres to national and international regulations, guidelines, and principles. These include ensuring the controls are in place in response to the UK Benchmark Regulation, the IOSCO Principles for Financial Benchmarks, the IOSCO Principles for Oil Price Reporting Agencies, and BEISL’s own Guide to Market Benchmarks and Guide to Freightos Baltic Global Container Index.
The latest reports, which represent the output of the sixth external audit undertaken by PwC for oceanbulk and the fourth for containers, include reasonable assurance opinions by PwC over the design and operating effectiveness, throughout the period 1 January 2025 to 31 December 2025,of BEISL’s controls for its market benchmark services, including data collection, systems and processes, calculations and publishing.
“Baltic Exchange remains committed to ensuring its industry-leading data, benchmarks and information services are robust, verified and completely independent. We have continued to provide reliable assessments to our users throughout 2025 amid ongoing market turbulence and volatility. Our annual audits conducted by PwC underscore our commitment to ensure our service remains fit for purpose in today’s shipping landscape and that our users have confidence that our indexes are developed in accordance with industry standards,” said Mark Jackson, Chief Executive of Baltic Exchange.
“Quality commercial data, which is relied upon to settle physical and futures contracts, is the foundation of Baltic Exchange’s offering to our users and the wider market. As an early adopter of Benchmarks Regulation, we continue to maintain high standards across the industry to ensure our benchmarks are administered in accordance with industry requirements and best practice,” said Matthew Cox, Head of Benchmark Production at the Baltic Exchange.
“By ensuring our methodology and controls are independently assessed by PwC every year, we continue to act in the best interest of our various stakeholders, partners, clients and users globally,” he added.
Source: Baltic Exchange
