Mercuria Sues Baltic Exchange Over Hormuz-Hit Oil Shipping Benchmark
businesslawenergy-markets 3 posts · 3 accounts
Mercuria has sued the Baltic Exchange, alleging that a key benchmark used to price the cost of shipping oil from the Middle East was distorted following the Hormuz incident. The dispute centers on TD3C, the benchmark rate for shipping oil from the Middle East to China.
From the sources (3 posts)
@zerohedge*MERCURIA SUES BALTIC EXCHANGE OVER HORMUZ-HIT SHIPPING RATE
@businessMercuria is suing the Baltic Exchange over the alleged distortion of a key benchmark for the cost of shipping oil from the Middle East.
@firstsquawkMERCURIA HAS FILED SUIT AGAINST THE BALTIC EXCHANGE OVER A SHIPPING GAUGE IMPACTED BY THE HORMUZ INCIDENT.