News / Container freight derivatives a solution to lower revenue from tumbling spot rates?

© Khunaspix Dreamstime.

Global commodities giant Cargill has said container shipping lines ought to reconsider their opposition to container freight derivatives in response to rapidly declining spot rates on the major east-west trades.

Speaking to The Loadstar on the sidelines of the TOC Container Supply Chain event in Rotterdam yesterday, Victor Helmand, EMEA container lead at Cargill, said: “I would encourage the container shipping lines to use the derivatives product because it would give them more predictable revenues.

“I understand that carriers have compared the ...