China–UAE News
ICE Launches First VLCC Tanker Freight Futures for Gulf of Oman to China Route
Intercontinental Exchange has launched new freight derivatives, including the first tanker freight futures on the TD34 route from the Gulf of Oman to China. The contracts are cash-settled based on Baltic Exchange assessments to help market participants hedge freight risk amid shipping disruptions. Average daily trading volume across ICE freight markets grew 33 percent year-to-date.
