Signs have emerged of a brewing price war between shipbrokers in the forward freight agreement (FFA) market.
Rivals and traders claim two new market entrants have slashed commissions to win business.
John Banaszkiewicz, founder of Freight Investor Services (FIS), said two well-established shipbrokers which have recently opened to derivatives market business have cut rates to gain a foothold.
“There are two ways to win business when you join a market.
