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Freight rate volatility pushes derivatives trading to 12-year high

Tanker and dry bulk forward freight agreements posted 31% and 19% gains respectively on geopolitical and Covid turbulence

The tanker FFA market’s growth is ‘a story of medium-term development, not just a busy 2020. We’ve seen consistent growth since 2017’, said Tom Stockton, head of the FFA wet brokers’ association

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