FFA’s
Tanker markets move the world's crude and refined products, and freight rates on these routes can be highly volatile. Wet Freight Forward Agreements enable owners, charterers and traders to manage exposure to associated risks. Our brokers combine live market intelligence with deep counterparty relationships to deliver liquidity across dirty and clean tanker routes.
Forward freight agreements on crude oil routes are settled against Baltic Exchange assessments. Core liquidity sits in TD3C (Middle East Gulf to China), the benchmark VLCC route, alongside Suezmax and Aframax routes covering the Atlantic and Mediterranean basins. Our team broker outright positions, time spreads and inter-route spreads, giving owners and charterers the ability to hedge crude freight exposure.
Routes covered: TD3C: Middle East Gulf to China; TD20: West Africa to Continent; USGC-UKC: US Gulf Coast to UK-Continent.
Coverage across the refined products routes, including TC2 (Continent to US Atlantic Coast), TC5 (Middle East Gulf to Japan), TC6 (Cross Med), TC14 (US Gulf to Continent) and TC17 (Middle East Gulf to East Africa). Clean FFAs are a natural hedge for exposure, and for traders running gasoline, diesel and jet arbitrage. Our team works orders across LR2, LR1 and MR segments with counterparties on both sides of the market.
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Whether you're managing freight exposure, hedging market risk or seeking trusted derivatives expertise, we'd welcome the opportunity to discuss your objectives and explore how our Freight Derivatives team can help.