NOS launches clearing of the new TC11 tanker route

NOS Clearing is pleased to announce that from Monday 3rd August, members will be able to trade cleared TC11 tanker freight futures. TC11 is a Baltic assessed route from South Korea to Singapore for 40 000 metric tons of clean cargo. This route will be traded in USD per metric ton and is a useful backhaul measure for MR value. High traffic in this region warrants a hedging tool specifically for cost management to North-Asian charterers and vessel owners alike.

For more information, please contact:

• Hanne B. Johansson – Vice President Commodities

   freight@nosclearing.com  +47 2325 9320

• Stian Hallan – Senior Manager Asia/Pacific

 sh@nosclearing.com   +65 8288 8730