Wet freight is closely linked to the crude and refined oil markets and operates both East and West of the Suez canal.
Freight has become an active derivatives market in its own right and trading takes place in World scale points or USD per Metric Tonne across a number of point to point routes.
Price volatility in the global energy markets has seen an increase in participation by traders, commercial entities and banks in the wet freight derivatives market which provides opportunities for clients to hedge cargo movements.
We also provide access to the dry freight derivatives market which helps participants hedge price risk for the cost of moving goods such as coal, iron ore and steel across the world. Trading for dry freight derivatives takes place in USD per day on a time charter basis.
ICE Energy Products