Dry freight forward volumes rise sharply
The latest figures issued by the Forward Freight Agreement Brokers Association (FFABA), compiled by the maritime information provider Baltic Exchange, show a 32% jump in dry FFA volumes from the first to second quarter of 2007.
Based on confidential returns from 15 FFA broking companies, the clearing houses NOS Clearing, LCH.Clearnet and other sources, the figures reveal that a total of 432,809 lots were traded in the dry freight derivative market in Q2 2007, compared to 326,650 in Q1 2007.
The number of cleared trades more than doubled from 44,635 in Q1 2007 to 106,130 in Q2 2007 – nearly a quarter of all second quarter trades.
From today, the Baltic Exchange will be reporting dry FFA volumes on a weekly basis with
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