Derivatives broker Freight Investor Services (FIS) is turning its attention to tanker forward freight agreements (FFAs) and is hoping to encourage fresh liquidity by calling for a flat-rate pricing system for tankers that makes derivatives easier to understand for investors.
The London-based company has opened a tanker FFA desk — it has started with two brokers and is looking to recruit four more — as it aims to tap the huge potential of the $40bn-per-year tanker freight market.
