International Maritime Exchange

International Maritime Exchange ASA is the world’s only regulated market for freight and bunker fuel oil derivatives. The company is wholly owned by the Imarex Group and has subsidiaries in Genova, Singapore and Houston (USA). The exchange, which is situated in Oslo, has about 210 trading customers which also has a clearing account with NOS Clearing.

Freight Derivatives
International Maritime Exchange acts as a market place for both freight futures cleared through NOS and bilateral swaps (traded “over the counter”) – Freight Forward Agreements. In addition, the exchange transacts cleared and bilateral options contacts inked to the above mentioned markets. International Maritime Exchange lists 11 tanker contracts, 10 dry bulk contracts and 14 option contracts for electronic trading on screen and with straight through clearing at NOS.

Fuel Oil Derivatives
To offer the customers a broader range of risk management tools the exchange also lists cleared futures and OTC swaps on five major financially settled fuel oil contracts. Customers use such derivatives to reduce their exposure to fluctuating fuel prices, thereby reducing their operating risk by locking in the future price of fuel.