GFI and ACM offer online freight derivatives

The launch is the latest in a series of efforts to add liquidity to a market that was once heavily backed by the now-bankrupt Enron, through its Web-based trading portal EnronOnline.

Both the Baltic Exchange – the London-based maritime market – and Norway’s International Maritime Exchange (Imarex) have launched initiatives in the past few months.

The Baltic Exchange established an online exchange and information centre that trades forward freight agreements (FFAs) on April 11. While the Balt