2006 was a good year for the FFA market, with reports showing an increase in lots traded. Critics, who had seen them as a fad, have been silenced. FFAs, it seems, are here to stay.
The market for dry cargo Forward Freight Agreements (FFAs) received a welcome boost late last year with the news that 511,105 lots were traded in the third quarter of 2006 alone. One lot is equivalent to a day of time charter or 1000mt of freight....
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This complete item is approximately 900 words in length, and appeared in the January/February 2007 issue of CoalTrans International, on page 29.
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