Cleared freight options offer

LCH.Clearnet launched its dry freight options clearing service with the first trades cleared on February 8 - 180 lots of Panamax timecharter options traded between Macquarie Bank and Bunge, an agribusiness and food company. The deal was brokered by Freight Investor Services (FIS).

The routes initially covered will be the three main dry timecharter routes: Panamax, Capesize and Supramax. The options clearing service allows market counterparties to offset cleared option positions against their unde