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Baltic Exchange Information Services Limited (BEISL) has published the results of the recent independent audits conducted by PricewaterhouseCoopers LLP (PwC). These assurance reports pertain to the year 2025 and are part of an annual audit process commissioned by the directors of BEISL, as the company states.
The audits aim to ensure the integrity of BEISL’s assessments of ocean bulk and container markets. They ensure compliance with relevant national and international regulations and guidelines. Relevant regulations include the „UK Benchmark Regulation“ as well as the principles of the International Organization of Securities Commissions (IOSCO) for financial benchmarks and oil price reporting. Additionally, BEISL adheres to its own guidelines, which are documented in the „Guide to Market Benchmarks“ and „Guide to Freightos Baltic Global Container Index.“
Results of the audits
The current reports document the results of the sixth external audit by PwC for the ocean bulk sector and the fourth audit for containers. These controls encompass data collection, systems and processes, as well as the calculations and publications of market benchmarks. „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, Managing Director of Baltic Exchange. The reports can be accessed by members through the BEISL portal.
