The New York Mercantile Exchange (search) will offer futures in the booming shipping market as early as late April, a spokeswoman said on Thursday. China’s rapidly growing thirst for petroleum, iron and coal as well as its growth in exports helped to almost triple the shipping futures market to $30 billion last year.
Green Marine
about 21 years ago
NYMEX to Launch Shipping Futures Soon
The New York Mercantile Exchange (search) will offer futures in the booming shipping market as early as late April, a spokeswoman said on Thursday. China’s rapidly growing thirst for petroleum, iron and coal as well as its growth in exports helped to almost triple the shipping futures market to $30
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