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FIS Drives New Trading in Container FFAs | Hellenic Shipping News Worldwide


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 ....

United Kingdom , Javier Romeu , Keith Gaskin , Mark Jackson , Lars Jensen , Tiba Group , Baltic Exchange , Freightos Baltic Exchange , Freight Investor Services , Freight Forward Agreements , Chief Executive , Seaintelligence Consulting , Dry Bulk , Seko Logistics , Freight Investor , ஒன்றுபட்டது கிஂக்டம் , ஜேவியர் றோமேஉ , கேய்ட் கேஸ்கின் , குறி ஜாக்சன் , லார்ஸ் ஜென்சன் , திபா குழு , பால்டிக் பரிமாற்றம் , சரக்கு முதலீட்டாளர் சேவைகள் , தலைமை நிர்வாகி , உலர்ந்த மொத்தமாக , ஸெகோ தளவாடங்கள் ,

FBX Index: Looking forward | Hellenic Shipping News Worldwide


FBX Index: Looking forward
As we moved through December and look forward towards 2021, market outlooks and FFA sentiment continues to fluctuate. Largely linked to consistent gains in spot prices, the majority of the front haul routes have seen a substantial upwards correction. FBX 01 China/ East Asia to North America West Coast saw gains throughout the 2021 periods with the full calendar year 2021 (Cal 21) now sitting at a relative high of $3,400 indicatively. Whilst the spot price for Trans-Pacific front haul rates has been flat, with much of the price fluctuation due to heavy surcharging of existing FAK rates, the focus has been the impact on a standard industry cycle and market bearish sentiment post Chinese New Year. ....

United States , Baltic Exchange , Freight Investor Services , East Asia , North America West Coast , Chinese New , North Europe , America West Coast , Container Freight , Freight Investor , ஒன்றுபட்டது மாநிலங்களில் , பால்டிக் பரிமாற்றம் , சரக்கு முதலீட்டாளர் சேவைகள் , கிழக்கு ஆசியா , வடக்கு அமெரிக்கா மேற்கு கடற்கரை , சீன புதியது , வடக்கு யூரோப் , அமெரிக்கா மேற்கு கடற்கரை , கொள்கலன் சரக்கு , சரக்கு முதலீட்டாளர் ,