The freight derivatives markets for both tankers and dry cargo vessels saw increased traded volumes in 2020, according to data released by the Baltic Exchange.
Image Credits: Baltic Exchange
Image Credits: Baltic Exchange
Tanker Forward Freight Agreement (FFA) volumes were up 31% on the previous year, reaching 603,261 lots, with a daily record of 33,677 lots achieved on 16 March at a time when Time Charter Equivalent earnings for VLCCs exceeded USD 275,000.
Dry FFA volumes hit 1,548,127 lots, up...