/PRNewswire/ The "Automotive Logistics Market Research Report by Service, Mode of Transport, Distribution Channel, and State - United States Forecast to.
/PRNewswire/ The "Automotive Logistics Market Research Report by Service, Mode of Transport, Distribution Channel, and Region - Global Forecast to 2026 -.
/PRNewswire/ The "Automotive Logistics Market Research Report by Service, Mode of Transport, Distribution Channel, and Region - Global Forecast to 2026 -.
FIS Drives New Trading in Container FFAs
Freight Investor Services are pleased to announce a new wave of trading in Container FFAs during a highly volatile period for the Freight market.
Last week FIS completed contracts on container FFAs (Freight Forward Agreements) for the month of March ’21 on the Asia to Mediterranean route at a level of 7900 USD/FEU. This was based on the Freightos Baltic Exchange (FBX13) daily index. Mark Jackson, Chief Executive of the Baltic Exchange said that:
“The concept of index-linked floating contracts and FFAs in the container market for freight forwarders, shippers and carriers is not new. But the ability to benchmark a contract against a robust, trustworthy index which comes under the umbrella of a UK regulated organisation is a potential gamechanger for the container freight industry. The daily FBX Index provides the market with a credible and fully transparent reference point. It is based on the world’s largest global database of multimoda