SGX Baltic Capesize Time Charter Average (5 Routes) 180 Futures (CWF INDEX)

The freight market is a crucial cog in the world of global trade, transporting the majority of raw materials and manufactured goods from one part of the world to another. The last decade has seen unprecedented volatility in the shipping world, with freight rates rising and falling in a spectacular fashion – driven by factors such as demand and supply dynamics of seaborne trading volumes, and the number and types of shipping vessels. To help participants manage freight rate risk or to gain exposure to market volatility, SGX provides a range of shipping derivative contracts on the Capesize, Panamax, Supramax and Handysize timecharters, as well as key individual voyage routes that ship owners, chartering and trading companies as well as users in the key dry bulk markets of iron ore and thermal coal can use.