Dress code gets knotted by Baltic.

(From Lloyds List)

Byline: Neville Smith

THIS month sees the most fundamental change to the London shipping market in a generation but neither double-hull tanker demand nor Chinese iron ore imports are at issue.

In a break with centuries of tradition the Baltic Exchange, bastion of the shipbroking and owning community, will adopt a 'business casual' dress code, no longer requiring members and their guests to wear a jacket and tie.

Chief executive Jeremy Penn is adamant that the change is 'a practical step' but one which still means that members should be dressed respectably. 'Jeans, trainers, sports clothes and shorts will always be …