GFI Market Data is a comprehensive, independent data offering, and that includes the dynamic freight markets.
The freight data is sourced from EnergyMatch Europe and GFI’s web application.
Why GFI for Freight Data?
- Award-winning energy & commodity brokers.
- Wet and dry freight derivatives.
- Evaluate trends across FFA contracts
A CLOSER LOOK
Wet, Dry and Beyond
Freight market data can be broken down by cargo type. Cargo can be wet or dry, meaning it’s either a liquid such as oil or a solid such as coal. If it’s a liquid, it can be dirty meaning crude oil or clean meaning refined oil products. Other parameters such as the time the route takes to complete or the maximum weight the ship will carry are fixed with regards to the trading activity.
GFI offers ship owners, charterers, energy companies and trading houses the ability to hedge and manage portfolio freight exposure and develop alternative trading strategies to physical hedging. Dry freight contracts are traded for a number of routes. If the contract is a forward, there are multiple maturity dates and three different ship sizes: Capesize, Panamax and Supramax.
- Actively traded single-route Capesize contracts include: C4 (Tubarao to Baoshan); C7 (Bolivar to Rotterdam); and, less frequently, C3 (Richards Bay to Rotterdam).
- Actively traded single-route Panamax contracts include: P2A (US Gulf to Japan); P3A (Japan / S Korea to N Pac return); and, less frequently, P4 (Far East to N Pac to Skaw).
Time Charter (TC) Contracts
- Quoted prices are dollars per day per ship.
- Periods traded are the first four monthly contracts and the next three calendar year contracts.
- Average Route contracts are calculated routes that are comprised of several 'actual' routes. These are traded FFA contracts for the TC averages of each ship type. The quoted price is $ per day per ship.
- The Capesize TC average is the average of routes C8, C9, C10 and C11.
- The Panamax TC average is the average of routes P1A, P2A, P3A and P4.
- The Supramax TC average is the weighted average of routes S1A, S1B, S2, S3 and S4.
GFI Market Data covers wet freight through GFI's joint venture with Braemar ACM Shipping. GFI's wet freight desk currently serves over 250 institutions – and is growing worldwide. GFI was recognized in Energy Risk’s 2014 rankings as No.1 Wet Freight (FFAs) Broker.
GFI offers both electronic and voice trading, significantly enhancing their view of the freight market and enabling interactive trading. This hybrid model promotes liquidity through a combination of best available prices, execution and the efficiency of online trading.
The wet freight market is divided into two distinct areas – physical market and Forward Freight Agreements (FFAs).
The physical market is the movement of actual tons of oil and its products from one location to another. The FFA market is a paper market where trades are settled against the underlying physical market.
GFI’s wet freight market data covers the FFA rates for a number of wet routes across the world. GFI/ACM currently covers 27 routes, with 14 being actively traded.
|ASSET TYPE & DESCRIPTION||TOTAL HISTORY||TIMELINESS|
|Dry Freight||September 2004||Daily .csv Intraday & EOD files via FTP|
|Wet Freight||June 2003|