Baltic Exchange

The Baltic Exchange is the world's only independent source of maritime market information for the trading and settlement of physical and derivative contracts.

On 10 April 1992 at 9:20 pm, the façade of the Exchange's offices at 30 St Mary Axe was partially demolished, and the rest of the building was extensively damaged in a Provisional Irish Republican Army bomb attack. The one-ton bomb was contained in a large white truck and consisted of a fertilizer device wrapped with a detonation cord made from 45 kg of semtex. It killed three people: Paul Butt, 29, Baltic Exchange employee, Thomas Casey, 49, and 15-year old Danielle Carter. Another 91 people were injured.[5]

The bomb also caused damage to surrounding buildings, many of which were also badly damaged by the Bishopsgate bombing the following year. The bomb caused £800 million worth of damage, £200 million more than the total damage caused by the 10,000 explosions that had occurred during the Troubles in Northern Ireland up to that point.[6]

Architectural conservationists wanted to reconstruct what remained from the bombing, as it was the last remaining exchange floor in the City of London. English Heritage, the government's statutory conservation adviser, and the City of London Corporation insisted that any redevelopment must restore the building's old façade on to St Mary Axe. Baltic Exchange, unable to afford such an expensive undertaking alone, sold the site to Trafalgar House in 1995. The remaining sculptures and masonry of the structurally unstable facade block on the site were photographed and dismantled before the sale; the interior of the Exchange Hall, which was regarded as stable was initially sealed from the elements in the hope that it would be preserved in situ in any new development, but were subsequently dismantled and stored offsite in 1995-1996.

English Heritage later discovered the damage was far more severe than they had previously thought. Accordingly, they stopped insisting on a full restoration. What remained of Exchange Hall was completely razed in 1998 with the permission of the planning minister John Prescott, over the objections of architectural preservationists, including Save Britain's Heritage who sought a judicial review of his decision.

30 St Mary Axe is now home to the building commissioned by Swiss Re, commonly referred to as "the Gherkin".

The stained glass of the Baltic Exchange war memorial, which had only suffered superficial damage in the bomb blast, has now been restored and is in the National Maritime Museum

More information on the Wikipedia page