Freight looks forward

There’s a buzz surrounding the hitherto sedate freight derivatives market. Longused by oil companies wanting to hedge rising or volatile shipping costs, themarket is now increasingly being viewed as a place in which financial institutionscan operate and make money. Traded volumes of forward freight agreements (FFAs)quadrupled in 2004 according to most estimates, and turnover rose from $2-$4billion in 2002 to over $30 billion in 2004.

“Freight is increasingly being recognised as a commodity,” says

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: