Forward Freight Agreement Brokers' Association elects new chairman

The FFABA was established in 1997 by members of the Baltic Exchange freight futures market. It has 15 member companies and aims to promote the trading of forward freight agreements. With the Baltic Exchange, it produces route indexes for use as settlement mechanisms for forward freight agreement contracts.

“It is vitally important that the freight derivatives industry continues to work together to promote this expanding trade and provide input to the Baltic Exchange, on whose route rate assessments and indexes we all rely to settle our contracts,” said van den Abeele.

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