The Baltic said in excess of 140,000 lots were traded in the FFA and options markets last month, a 60% increase on average volumes for the first three months of 2015.
“April was the busiest month of the year so far for the dry bulk freight derivatives market,” the London-based organization said.
Baltic chief executive Jeremy Penn commented: “Unlike previous rises in the FFA market, this has come against a backdrop of very low spot rates in the physical shipping market.
“Much
