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The Baltic Exchange has confirmed that "it has received a number of exploratory approaches and that it is now in confidential discussions with selected third parties regarding its future strategy and ownership".

"There can be no certainty that an offer will be made or the terms on which any offer might be made. Further announcements will be made as appropriate," the London-headquartered maritime data provider explained today in a statement.

Baltic Exchange chairman Guy Campbell remarked: "At this stage, no formal offer has been received, but when considering any approach the Board will first carefully consider the views and interests of all its stakeholders. Should we receive an offer, we will only recommend an offer that meets not o nly the interests of shareholders, but also the interests of ordinary Baltic members, index panel members, the users of Baltic Exchange freight market information and the principals and brokers who trade in the FFA market."

The Baltic Exchange has also confirmed the appointment of Nomura International PLC and Norton Rose Fulbright LLP as advisors.

Founded in 1744, the Baltic Exchange is a source of maritime market information for the trading and settlement of physical and derivative shipping contracts.

Baltic Exchange members are responsible for dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels. Its current membership stands at around 650 companies.

Headquartered in London, with regional offices in Singapore, Shanghai and Athens, the Baltic Exchange is owned by its shareholders, most of whom are members. It is governed by a board of directors elected by shareholders and members.