Time charter rates

Handysize Time Charter FFA Trades To Witness ‘Less Risk’

Forward freight agreement (FFA) trades for a basket of 38,000-dwt handysize time charter rates will help operators take longer-term cover with less risk, reports Marinelink.

Early regulatory approval

Following an ever-strengthening charter market, SGX have confirmed a launch date for the new offering as April 19, 2021, with EEX aiming for early May pending regulatory approval. Both exchanges are keen to promote clearing of the new contract.

The handysize futures market was previously based on the...

https://mfame.guru/handysize-time-charter-ffa-trades-to-witness-less-risk/

VLGC Spot Rates Hit 5-Year High Amounting To $100,000/day

Spot rates for VLGCs are on the cusp of hitting $100,000 a day, having hit highs in recent days not seen since August 2015, reports Splash247.

Tonnage supply remains tight

Rates for large LPG carriers are now in the region of $90,000 a day, having been on a steep charge from last month. In terms of dollars per tonne, VLGCs are commanding in excess of $95 per tonne.

“With tonnage supply still extremely tight in both hemispheres, we wouldn’t be surprised if we see triple-digits $/t before Christmas,”...

https://mfame.guru/vlgc-spot-rates-hit-5-year-high-amounting-to-100000-day/