The Baltic Exchange has appointed Martin Crawford-Brunt as strategic carbon lead.
The Baltic Exchange recently introduced carbon assessments alongside its spot dry bulk charter rate assessments and is expanding its role to support market mechanisms aimed at reducing CO2 emissions from the shipping sector. To that end, it hired the former RightShip chief executive.
Baltic Exchange chief executive Mark Jackson commented: “The Baltic Exchange is laying the foundations for consistency in the way in which carbon is priced into seaborne freight. We are helping the industry build a consensus position for the definition of voyages and time-charters and close the gaps between numerous CO2 estimates. Martin understands the complexities of the relationships between owners, charterers, national and international regulators. He brings with him the experience and connections needed to put the Baltic Exchange in the right forums and help us navigate this complex market.”
Crawford-Brunt’s key roles are to provide strategic support for the Baltic Exchange’s leadership team and to deepen relationships with key stakeholders including governments, interest groups and commercial interests.
