TD34 FFA trades outpace TD3C in debut week as market seeks greater Gulf freight cover

The launch of the Forward Freight Agreement (FFA) for the Baltic’s TD34 route (Gulf of Oman to China) by Intercontinental Exchange (ICE) has seen near-record volumes since its launch on 5 October. The cash-settled freight futures contract, based on the Baltic Exchange’s TD34 price assessments, has been embraced by tanker freight traders from the outset, ...