Subscribe to RSS feedShift to iron ore spot sales boosts hedging
by
Michelle Wiese Bockmann, London
—
last modified
Mar 29, 2010 01:15 PM
AN ESTIMATED one third of traders in the nascent iron ore swaps market are also trading in dry freight derivatives as part of their risk management strategies.
Buying or selling the two derivatives contracts to hedge against rising or falling iron ore and freight costs is gathering pace, according to Michael Gaylard, strategic director of London-based shipbroker Freight Investor Services (FIS).
About 35%-40% of the iron ore...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
Daily Top Stories
- Rena officers sent to prison
- New salvage facility for Cairns
- Worker dies in Newcastle wharf tragedy
- Major supramax markets diverge
- Panama Canal fees hike planned for July
- 12% of world tanker fleet facing scrapping
