Dry bulk FFA volumes fall to weakest levels
The first half of 2012 has seen a 60% decline in the number of dry bulk forward freight agreements traded compared with the same period of 2008 when the global financial crisis and new building overcapacity crisis were yet to take hold.
Combined, weekly FFA volumes reported by the Baltic Exchange between January-June totalled just 471,536 lots, whereby one lot is equivalent to one day’s time charter, or 1,000 tonnes of freight.
This was down from almost 1.2m lots traded in the first...
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.
Daily Top Stories
- Customs brokers urged to tighten up procedures
- ASIA: STX Dalian hopes for capital with help from government
- INTERNATIONAL: IMO brings hope to shipowners facing ballast-water bottleneck
- INTERNATIONAL: Chinese banks ink more deals for Greek shipowners
- ASIA: East Siberia crude export levels may hit tanker owners
- OPINION: New fees may generate unintended consequences
- ASIA: Bangladesh-based pirates pose a growing threat to shipping
- INTERNATIONAL: Commerzbank eyes internal warehousing scheme
- Ice in shampoo leads to drugs arrest