First container derivatives trade could herald booming new market

shipping

UK-based shipping broker Clarkson Securities (CSL) believes it has conducted the first container freight derivatives trade on May 12, hedging the forward price of shipping a container from Shanghai to Europe. The move could herald the start of a new derivatives market. “It’s a vast and varied area of the market, with a lot of potential,” said John Banaszkiewicz, managing director at global shipping brokerage Freight Investor Services (FIS). “In addition to the currentl