The Containerized Freight Index Futures (CoFIF) traded on the Shanghai
International Energy Exchange (INE) is the second attempt by China to build its
container freight futures market. Unlike its predecessor, called the Container
Freight Derivatives (CFD) that was launched in June 2011 by the Shanghai
Shipping Freight Exchange Co., Ltd. (SSEFC) and only available to domestic
on-shore traders, CoFIF is accessible to off-shore traders outside of China.
Initial CFD trading saw high daily turnover