FIS and ENGINE announce bunker pricing partnership
Freight Investor Services (FIS) and Engine Technologies (ENGINE) are delighted to announce a new data sharing partnership, bringing together their respective expertise on bunker futures and physical markets.
The partnership, due to go live 17th May, will see physical and future derivative prices on fuel oil products available on both the FIS Live and ENGINE platforms. This will bring together the leading provider of marine fuels derivatives and the most comprehensive bunker digital platform.
Kerry Deal, Head of Business Development at FIS, said that: ‘It’s been a true pleasure to work with ENGINE, to pair our longstanding expertise on the derivatives market with the world’s most comprehensive platform for marine fuel. This is really a partnership that benefits customers on both sides, allowing full price transparency, physical purchasing, and futures hedging ability across bunker products. This is something we have heard c
Freight Investor Services, Integr8 Partner on Bunker Data
by Ship & Bunker News Team
Wednesday May 12, 2021 Brokerage
Freight Investor Services (FIS) and trading firm
Integr8 Fuels are set to cooperate on providing their customers with pricing information on physical bunkers and futures. From
Engine platform and the
FIS Live service will be able to see information from both firms, FIS said in an emailed statement on Wednesday. FIS will provide real-time pricing on the main VLSFO, HSFO and 10ppm gasoil futures contracts for
Rotterdam and
Houston and
Press release content from PR Newswire. The AP news staff was not involved in its creation.
NOREXECO to launch new China pulp futures contracts based on Fastmarkets prices on June 1
April 30, 2021 GMT
(PRNewsfoto/Fastmarkets)
SHANGHAI, April 29, 2021 /PRNewswire/ Fastmarkets, the global commodity price reporting agency, and NOREXECO ASA, the international pulp and paper exchange, today announced that the exchange will launch two new cash-settled China pulp futures contracts on June 1 based on Fastmarkets RISI’s NBSK CIF China assessment and Fastmarkets FOEX’ PIX China BHKP Net index.
Pulp futures are designed to help market participants manage their exposure to price risk. NOREXECO already lists contracts for hardwood and softwood pulp delivered to Europe, as well as for recycled paper – all of which are settled against Fastmarkets FOEX indices. In addition, NOREXECO has listed a Shanghai Futures Exchange (SHFE) “mirror” contract on NBSK.
FIS Drives New Trading in Container FFAs
Freight Investor Services are pleased to announce a new wave of trading in Container FFAs during a highly volatile period for the Freight market.
Last week FIS completed contracts on container FFAs (Freight Forward Agreements) for the month of March ’21 on the Asia to Mediterranean route at a level of 7900 USD/FEU. This was based on the Freightos Baltic Exchange (FBX13) daily index. Mark Jackson, Chief Executive of the Baltic Exchange said that:
“The concept of index-linked floating contracts and FFAs in the container market for freight forwarders, shippers and carriers is not new. But the ability to benchmark a contract against a robust, trustworthy index which comes under the umbrella of a UK regulated organisation is a potential gamechanger for the container freight industry. The daily FBX Index provides the market with a credible and fully transparent reference point. It is based on the world’s largest global database of multimoda
Rising volatility in marine markets lifts hedging against Platts instruments: ICE
Big swings in marine fuel prices and freight rates due to IMO 2020 and coronavirus have led to increased appetite for hedging, with financial instruments settled against S&P Global Platts physical 0.5% sulfur assessments at record highs, Intercontinental Exchange said.
Since February 2019, open interest across marine fuel has grown to a record 274 million barrels equivalent on Feb. 23, with traded volumes up 114% year on year, ICE said.
A change in International Maritime Organization regulations meant sulfur emissions from ships on the high seas were capped at 0.5% from Jan. 1, 2020, down from 3.5% previously.