Vortexa, the energy and shipping analytics platform, has launched a new freight pricing analytics screen following its recent tie-up with The Baltic Exchange.
The screen will provide access to Baltic freight pricing benchmarks alongside Vortexa's real-time supply and demand analytics, such as forward vessel availability and fleet utilisation, for a chosen route.
"For the first time in the freight markets, one screen is able to combine pricing with a real-time view of fundamentals at this scale and depth, unlocking an immense competitive edge in speed and foresight to market participants," Vortexa chief executive Fabio Kuhn said.
Vortexa claims its forward view of tonnage supply up to 35 days ahead and real-time utilisation data at the "highest frequency and granularity available in the freight markets" will help market participants to “make well-informed, chartering and positioning decisions quickly and confidently".
Vortexa and the Baltic Exchange first announced news of their data partnership last month in a move the two companies said would "empower users to identify, optimise and time opportunities in the freight markets at much greater speed and accuracy".
Baltic Exchange chief executive Mark Jackson said at the time that the partnership "adds value to Vortexa users and increases the footprint of The Baltic Exchange as the world’s leading source of independent maritime market data".
Kuhn claimed it was the first time that predictive and real-time freight analytics and pricing had been brought this close.
"This unparalleled view will unlock an immense competitive edge to market participants in a fast-evolving playing field," he said.
The tie-up between Vortexa and the Baltic Exchange is the latest in a string of collaborations in an increasingly crowded market for commodity technology and intelligence, with demand growing for data on cargo flows, trades and inventories worldwide.
Vortexa, which employs more than 100 people across three major hubs in London, Singapore and Houston, provides data on crude oil, refined products, LPG and LNG, across all vessel classes.
