Date
21 October 2018

China launches coal transport capacity derivatives, paper says

The Shanghai Shipping Freight Exchange Co. (SSFEC) will start trading derivative contracts of coal transport capacity on the North-South route on Thursday, the first of its kind in the world, the National Business Daily reported. Wu Di, SSFEC vice president, was quoted as saying that shipping companies can dispose of their redundant capacity and overcapacity by using the financial derivative. Also, in addition to the existing container freight index, the exchange will launch a bulk freight index next year to increase China’s shipping pricing power, the report said.

– Contact HKEJ at [email protected]

KZ/AC/CG

 

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