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EEX sets new H1 volume record in Dry Freight Submitted 22/07/2021 - 9:14am The European Energy Exchange (EEX) has set a new all time record in Dry Freight, achieving a 42 per cent uplift in volume for the first half of 2021. In the period January to June 2021, a total volume of 598,300 lots were traded (H1 2020: 422,244 lots) which is the highest volume ever recorded in a 6 month period, since launching the business in 2016. The new H1 record follows an 18 month period of sustained organic growth for EEX’ Dry Freight business, which has seen the exchange also gain the majority share of Open Interest in the combined Dry Freight market worldwide. In addition to consistent increases in volume, the past 6 months have seen a number of new innovations being launched from the EEX Freight team. In April, a new suite of Handysize contracts were launched which enable customers to clear Forward Freight Agreement (FFA) trades for the 38,000 Handysize Time Charter basket of routes, with EEX holding 62 per cent of the Open Interest as of June 2021. Furthermore, earlier this month, the exchange also launched its new Zero Carbon Freight Index (ZCFI) – which is a “first of its kind” info product. By referencing the ZCFI, players in the Dry Freight market can now see, for the first time, how the cost of carbon emissions could affect freight prices. Peter Reitz, EEX CEO, says: “I’m incredibly proud of what we have achieved in Dry Freight and particularly so over the past 6 months. In addition to significantly increasing our volumes, through our recently launched Zero Carbon Freight Index, we are actively helping the shipping industry manage its transition to a decarbonised and more sustainable future” Like this article? Sign up to our free newsletter Related Topics Results & performance Markets -

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