Subscribe to RSS feedDry 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...
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