Freight Investor Services, the global leader in freight and commodity derivatives, has concluded the first trade on the new Panamax P8 grains route on its first day of trading.
New route charteredThe new route, offering shipowners and grains market players on the key Brazil-China soybeans route, provides a complementary method of hedging to the existing Panamax P2A route.
The trade, for 5kt of June P8 between two Asian counterparts, was concluded at $33.00 and cleared on NFX.
“It’s great to see a...
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