Freight House of the Year - Citi

Launched in 2007, Citi’s freight desk grew to have a 9% market share in 2008, data from the Baltic Exchange shows. It is this impressive growth, and Citi’s valuable contribution to liquidity in the shipping markets last year that has earned its freight team Energy Risk’s 2009 Freight House of the Year award.

According to a major international coal producer, Citi’s presence in the freight markets has been crucial to boosting liquidity. “Without Citi, liquidity in the dry Forward Freight Agreement