Imarex adds fourth Aframax route
[First published: Tuesday 05 April 2005 8:41:35 am]Members of Imarex and NOS will see an additional tanker route on their screens from the morning of 5 April.
Principals are now offered a full range of futures contracts for the route TD-8. The contracts will settle against rates set by the Baltic Exchange, a London based rate assessment outfit, for the Aframax route between the Mina al Ahmadi terminal in Kuwait and Singapore.
The route was introduced by the Baltic on a trial basis in 1998 as the 11th tanker route to be covered. In the physical market, tankers carry heated crude or dirty petroleum product - usually bunkers on the route.
Principals will be able to trade the TD8 route with the same product structure as the rest of the tank contracts.
The TD8 contracts will be seen on the Imarex screen as: TD8 80KT MEG-SPO
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