TFS sets up dry freight brokerage

The Stamford cargo group will provide brokerage of ships, freight and existing financial derivatives on freight rates, and will complement the existing TFS physical and forward freight agreement (FFA) freight desks, which are located in Perth and Melbourne, Australia.

TFS Freight will initially focus on dry freight such as coal, grains, metal and scrap metal, pulp and paper, and will ideally expand into wet cargoes to serve the TFS energy business (oil, natural gas, coal, electricity, em