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Shipping derivatives steer the market

Andy James from Enron Europe highlights why investment managers should view shipping as a trading tool.

Investment managers are no strangers to shipping equities especially in the tanker sector. However, despite enjoying recent publicity, there is less awareness among the investment community of the thriving over-the-counter (OTC) swap derivative market that is regularly traded for dry cargo, and the emerging market that is developing in tankers. Over the past year, total transaction value in the

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