World Scales Gone Missing?

We were privileged to have had the opportunity to attend the Tanker Derivatives Forum put together by The Baltic Exchange in New York a few weeks ago. Through regular attendance at these events, we hope that one day we will better understand the paper market. To that end, Mr. Duncan Dunn of SSY provided new users with an excellent introduction to FFAs, which provided in-depth background and illustrated how they might be used. Based upon attendance at the event, it is evident that the paper markets are not only here to stay but will continue to play a significant role for shipowners, cargo interests, traders and financiers into the future. Who would have thought that in talking about the markets one now has to distinguish between the physical and paper?

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