ICE Launches New VLCC Tanker and Container Freight Contracts as Customers Hedge Freight Risk Across Global Trade Routes
ICE launched its first tanker freight futures on the TD34 Gulf of Oman to China and TD15 West Africa to China VLCC routes, cash-settled against Baltic Exchange assessments. It also added two container freight average price options (FAN Asia to North Europe and FAW Asia to U.S. West Coast) indexed to NYSHEX's Freight Indices, extending the complex to more than 90 contracts across over 30 routes.
Key figures
- Global routes
- over 30
- Total freight contracts
- more than 90
- Freight market adv growth ytd
- 33%
AI analysis
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