Online freight launch from the Baltic Exchange

The Baltic Exchange, the London-based shipping market-place, is launching an online trading platform for forward freight agreements (FFAs).

The scheme, which starts trading in April, will offer logging facilities for brokers looking to manage their trading through the system. Brokers’ principals will also be able to access information screens to view live prices.

One freight broker in London is sceptical about the new development. “They are encouraging brokers to use the system, but it’s a

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