Transpac carriers content to sit it out after 'ridiculous' new contract offers
Based upon initial feedback to The Loadstar, there appears to have been only a handful ...
The first container futures market trade took place this week, with 120FEU sold at $7,900/FEU on Asia to Europe, following the launch of the Freightos Baltic Exchange’s futures market on 28 February.
The $948,000 deal was facilitated by Freight Investor Services (FIS) brokerage firm on CME Group’s Nymex exchange, bringing the container derivatives market into line with the dry and liquid bulk markets, which have been operating a futures market since the early part of this century.
According to FIS container broker ...
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