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Maritime · head to head

Baltic Exchange vs Wood Mackenzie Lens

Baltic Exchange logo

Baltic Exchange

Maritime

Global shipping market benchmarks

From
$500/month
Rated
-
Full reviewWebsite
Wood Mackenzie Lens logo

Wood Mackenzie Lens

Energy

Subscription research data and analytics covering oil, gas, power, renewables and mining assets

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Baltic Exchange no pricing published on website, membership and data services require contacting the organization; Wood Mackenzie Lens licensing is per named seat and per dataset, so sharing a login across an analyst team breaches the contract and licensing the team properly multiplies the fee rather than adding to it.
  • They diverge on capability: Baltic Exchange covers Freight indices, Wood Mackenzie Lens covers Upstream asset data.
  • Prices and features above were last checked on 30 August 2026.

Where they differ

Only the attributes on which Baltic Exchange and Wood Mackenzie Lens actually diverge.

Attributes where Baltic Exchange and Wood Mackenzie Lens differ
AttributeBaltic ExchangeWood Mackenzie Lens
Starting price$500/monthOn request
Pricing modelsubscriptionquote
CategoryMaritimeEnergy
Founded1744Unknown

Identical on both: free tier (No), platforms (Web, Api), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Baltic Exchange

  • Freight indices
  • Market assessments
  • Forward curves
  • Historical data
  • API
  • Data feeds
  • Trading platforms
  • Web support

Only in Wood Mackenzie Lens

  • Upstream asset data
  • Power and renewables
  • Metals and mining
  • Gas and LNG
  • Energy transition scenarios
  • Emissions data
  • Lens Direct
  • Scenario and portfolio tools

What people use each for

The jobs each tool is most often brought in to do.

Baltic Exchange

  • Shipping market freight data and indicesnot Wood Mackenzie Lens
  • Freight derivatives tradingnot Wood Mackenzie Lens
  • Vessel investment decision makingnot Wood Mackenzie Lens
  • Dry bulk and tanker rate assessmentsnot Wood Mackenzie Lens
  • Container freight market analysisnot Wood Mackenzie Lens

Wood Mackenzie Lens

  • A corporate development team screening acquisition targets against independent asset economicsnot Baltic Exchange
  • A lender or investor testing a project sponsor case against third-party cost and production estimatesnot Baltic Exchange
  • A strategy team building long-term scenarios that need consistent cross-commodity assumptionsnot Baltic Exchange
  • A trading or origination desk that needs asset level supply data pulled into its own models through the APInot Baltic Exchange

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Baltic Exchange

  • No pricing published on website, membership and data services require contacting the organization
  • Custom pricing based on organization type and data needs

Wood Mackenzie Lens

  • Licensing is per named seat and per dataset, so sharing a login across an analyst team breaches the contract and licensing the team properly multiplies the fee rather than adding to it.
  • The content is analyst-modelled rather than operator-reported, so asset economics and reserve figures are estimates and can differ materially from what the owner of the asset publishes.
  • Modules are split by commodity and by region, and a question that spans gas and power, or Americas and EMEA, can require two or three separate subscriptions to answer.
  • Content refresh follows the research publication calendar, so individual asset records can lag a transaction or a project decision by a quarter or more, which matters on live deals.
  • Ownership passed from Verisk to Veritas Capital in 2023, so buyers signing multi-year terms are contracting with a private equity holding whose plans for pricing and packaging are not public.

Pricing, plan by plan

Baltic Exchange

$500/month
  • Data Services$1500/month
    • Freight indices
    • Market assessments
    • Historical data

Wood Mackenzie Lens

On request
  • Lens subscription$undefined/year
    • Quoted per dataset and per named user
    • Regional variants of a module are priced as separate subscriptions
    • Lens Direct API access licensed on top of platform access

Which should you pick?

Choose Baltic Exchange if

  • You need freight indices.
  • You work on Web, Api.
  • You also want market assessments.
Baltic Exchange review

Choose Wood Mackenzie Lens if

  • You need upstream asset data.
  • You work on Web, API.
  • You also want power and renewables.
Wood Mackenzie Lens review

Questions people ask

Is Baltic Exchange or Wood Mackenzie Lens better?
Neither clearly leads. Baltic Exchange starts at $500/month and Wood Mackenzie Lens at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Baltic Exchange or Wood Mackenzie Lens?
Baltic Exchange starts at $500/month and Wood Mackenzie Lens at On request.
Does Baltic Exchange or Wood Mackenzie Lens run on more platforms?
Baltic Exchange runs on Web, Api. Wood Mackenzie Lens runs on Web, API.
What is Baltic Exchange best used for?
Baltic Exchange is most often used for shipping market freight data and indices, freight derivatives trading, vessel investment decision making, dry bulk and tanker rate assessments. Of those, shipping market freight data and indices and freight derivatives trading are not what Wood Mackenzie Lens is typically brought in for.
What can Baltic Exchange do that Wood Mackenzie Lens cannot?
Baltic Exchange covers Freight indices, Market assessments, Forward curves, Historical data. Wood Mackenzie Lens covers Upstream asset data, Power and renewables, Metals and mining, Gas and LNG.

Answered from the vendors’ own pages

Baltic Exchange: How much does Baltic Exchange membership cost?

Baltic Exchange does not publish pricing on their website. Membership and data service pricing is customized and requires direct contact with the organization.

Source
Wood Mackenzie Lens: Am I buying software or research?

Research. Lens is the delivery platform for Wood Mackenzie analysis, and the analysis is what the price reflects.

Baltic Exchange: What services does Baltic Exchange provide?

Baltic Exchange provides shipping market data services including daily published indices (200+), freight derivatives trading facilities, member fixtures database, and analytical tools for shipping professionals.

Source
Wood Mackenzie Lens: Who owns Wood Mackenzie?

Veritas Capital, which acquired it from Verisk in 2023.

Wood Mackenzie Lens: Can a team share one licence?

No. Licences are per named user, and sharing breaches the subscription terms.

Wood Mackenzie Lens: Can I get the data into my own models?

Yes, through Lens Direct, which is licensed separately from platform access.

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