FFA trading giant slams Baltic’s IMO 2020 plan
Market participants with open positions on existing forward freight agreements, which were based on the use of high-sulphur oil, rather than the new grades of low-sulphur fuel, remain concerned that the pricing gap between the two fuel types will leave them substantially out of pocket
The Paralos Fund, a leading FFA trader, argues that the Baltic Exchange is pushing an IMO 2020 response plan that conflicts with the very benchmarking guidelines it claims to abide by
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