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Printed by Jessica Casey,
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LNG Business,
Clarksons, a world chief in transport companies, has brokered the world’s first 174 000 m3 LNG ahead freight settlement (FFA) commerce on the Chicago Mercantile Change Group (the CME).
The commerce was a calendar 2025 –- 2026 BLNG2g 174, Sabine to Isle of Grain, at US$75 000/d.
LNG FFAs are monetary derivatives that present market members with a versatile and environment friendly instrument to hedge towards future freight charge fluctuations, permitting for higher danger administration and enhanced decision-making within the dynamic LNG transport market. Three totally different 174 LNG FFAs are actually out there to clear via the CME and are derived from the Baltic Change LNG route assessments.
Christian Greenop, from Clarksons’ FFA group, who brokered the transaction, mentioned:
“After a file yr in LNG FFA trades in 2023, we’re very pleased to have a 174 000 m3 product out there to commerce. There are over 300 two-stroke vessels attributable to be delivered between now and 2028, on high of the 207 already available in the market. This can make up round 60% of the worldwide LNG fleet and we really feel this product can be a pure a part of that progress story.”
Learn the article on-line at: https://www.lngindustry.com/lng-shipping/06032024/clarksons-brokers-worlds-first-lng-174-000-m3-ffa-trade-on-the-cme-group/
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