Germany’s EEX Group said its cleared and exchange traded dry bulk business grew by over 1,200% in the first half of the year.

More than 422,000 lots of dry freight derivatives were traded in the six months ending June, up from just 32,200 lots in the same period of 2019, said the trading platform provider.

The growth was propelled by record volumes last month which enabled the Deutsche Borse subsidiary to cement its position as a major player in freight trading.