First container derivatives trade could herald booming new market
Shipping broker claims it has hedged forward price of container freight from Shanghai to Europe
UK-based shipping broker Clarkson Securities (CSL) believes it has conducted the first container freight derivatives trade on May 12, hedging the forward price of shipping a container from Shanghai to Europe. The move could herald the start of a new derivatives market.
“It’s a vast and varied area of the market, with a lot of potential,” said John Banaszkiewicz, managing director at global shipping brokerage Freight Investor Services (FIS). “In addition to the currently thriving derivatives
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