Baltic Exchange says Mercuria’s lawsuit over Hormuz freight losses harming market

22/05/26

LSE, 22/5/26

"It is the very fact and existence of this claim that is corrosive to market ‌certainty," the Baltic Exchange's lawyer James McClelland said at a brief preliminary hearing.

He argued the Baltic Exchange simply provided information to market participants and "benchmarking services would be simply unworkable" if exchanges were held liable to users.

https://www.lse.co.uk/news/baltic-exchange-says-mercurias-lawsuit-over-hormuz-freight-losses-harming-market-61edse12gtakur6.html