Maritime and logistics business is becoming more unpredictable by the day. In order to secure the risks associated with unexpected natural or political disturbances container shipping is moving towards cleared, cash-settled futures to offset their risk. Futures contracts currently on the offer are for six routes: China-West Coast, West Coast-China, China-East Coast, China-North Europe, North Europe-China and China-Med.
The contracts — now available through 2024 — are listed on and cleared by CME, settled against spot rate assessments of the Freightos Baltic Daily Index (FBX), and have a minimum contract size of 10 forty-foot equivalent units.
Source: Freight Waves