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The Baltic Exchange has launched a new daily forward curve publication
service for the tanker freight derivatives market. Covering five of the most
heavily traded dirty and clean freight routes, the information is based on
average forward prices submitted by a panel made up of tanker members of the
Forward Freight Agreement Brokers Association (FFABA).
Forward pricing is now available for the following routes: TC2_37 (37,000 mt
CPP/UNL Continent to USAC) TC4 (30,000 mt CPP/UNL Singapore to Japan)
TD3 (260,000 mt ME Gulf to Japan) TD5 (260,000 mt West Africa to USAC) TD7
(80,000 mt North Sea to Continent)
Data is provided for the current month and the following five months; the
next whole four quarters; and the next whole calendar year.
FFABA chairman John Wright said: “This is an important step by the Baltic
Exchange for the tanker FFA market which will help boost liquidity and add
additional transparency to the forward market curve. The Baltic Forward
Assessment will provide principals with independent assessments
representative of the whole FFA marketplace. ”
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