LCH Freight (FFA) Clearing Service will be launching a new Supramax 10TC Average futures contract and the associated Supramax 10TC Average Option contract on Friday 26 May 2017.

These new contracts will be settled against the new Baltic Supramax 10TC index, based upon the Tess 58 vessel and the average of 10 individual routes. LCH says that existing Supramax contracts (STC and STO) will continue to be cleared as now.

Further  details can be found at www.lch.com/asset-classes/commodityclear/freight-ffas/products