Chinese exchange in freight derivatives first

Shanghai Shipping Freight Exchange planning to launch crude oil freight contact next

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Shanghai Shipping Freight Exchange (SSEFC), China's first freight derivatives exchange, is looking to expand the range of country-specific commodity products by launching a dry bulk commodity forward freight contract this June, according to Wu Di, the deputy president at the firm.

SSEFC was set up in 2013 under the auspices of the Shanghai Shipping Exchange and the June product launch will become China's first dry bulk commodity freight derivative. The contract will provide an alternative way

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