There are basically two freight futures products one being Freightos Baltic's CFFA(container freight forward agreement) being traded at SGX (Singapore Exchange) and CME (Chicago Mercantile Exchange), and INE's CoFIF (container freight index futures). INE (International Energy Exchange) is the exchange that faces offshore traders/users under Shanghai Futures Exchange. Key findings: 1. CoFIF has liquidity while CFFA doesn't. Liquidity is probably 99.9% of the determining factors about whet
Samskip has launched a new Baltic Sea - Finland/Latvia service from 7 November 2023 to connect Helsinki, Riga, Hull, Rotterdam, Helsinki. The service turns n 2 weeks using 2 ships of 500 teu. The service was initiated at Helsinki on 7 November with the 366 teu ORION for a single trip before being replaced by the 509 teu BF CARTAGENA and 508 teu DORNBUSCH.
Unifeeder has amended its Benelux-Baltics network with the launch of the E6 service that was started from 16 July to call at Rotterdam, Riga, Kotka, Rotterdam. The service turns in 10-14 days and deploys the 1,036 teu ELBWIND and SKALAR.
Safetrans, OVP Shipping and Mountan Air Shipping have launched two new feeder services to provide relay connections for their joint service from China to connect to the Russan market through the Baltic and Black Sea gateways of St Petersburg and Novorossiysk. The Med-Baltic Feeder will connect Ambarli and St Petersburg and currently deploys 3 ships from OVP - OVP ARIES (2,464 teu), ALLSEAS PIONEER (1,878 teu), HUA XIANG 936 (1,675 teu). 2 more ships will be added in July 2023 with the frequency
FESCO has revived its former FESCO Baltorient Line (FBOL) brand for a new direct service connecting China and St Petersburg that operates on a monthly basis. The FBOL will connect Rizhao, Lianyungang, Ningbo, Shanghai, Yantian, Mundra, St Petersburg, Rizhao on a 80-88 day rotation using 3 ships of 2,400-3,000 teu with inducement calls on the backhaul leg from St Petersburg that are currently scheduled to call at Xingang (on 1 June 2023), Durban (on 2 July 2023) and Mundra (on 18 July 2023). T
X-Press Feeders will add new calls at Gdansk and Gdynia on its Intra Baltic X-Press (IBX) service from April 2023. The revised rotation will turn in 2 weeks and call Rotterdam, Gdansk, Gdynia, Klaipeda, Riga, Rotterdam starting with the 917 teu X-PRESS GODAVARI at Gdansk on 6 April and the 809 teu X-PRESS MULHACEN at Gdansk on 13 April.