Mercuria Challenges Baltic Exchange Over Tanker Rate

• Mercuria Energy Group is challenging the Baltic Exchange over its oil tanker rate.
• Mercuria claims the Baltic Exchange continues to publish the rate despite distortions caused by the Iran war.
• The dispute centers on the world’s benchmark oil tanker rate.
• Mercuria accuses the Baltic Exchange of fearing business loss to a competitor.
• The case involves legal action against the Baltic Exchange, described as the 'Dow Jones of shipping'.