SGX partners with Baltic Exchange

The Singapore Exchange (SGX) will settle its forward freight agreements (FFAs) for dry bulk and wet tanker dirty routes cleared on SGX OTC Clearing, using the Baltic Exchange benchmark prices. The Baltic Exchange will also provide its forward curve price assessments to facilitate accurate margin calculation.

Seck Wai Kwong, SGX's senior executive vice-president and head of its strategy and business development group, said: "The use of Baltic Exchange's freight benchmarks is very important for