Banaszkiewicz back as chairman of the FFABA

Banaszkiewicz back as chairman of the FFABA

Nearly 20 years since he was last elected to the post John Banaszkiewicz, the managing director of Freight Investor Services (FIS), is back as dry chairman of the Forward Freight Agreement Brokers’ Association (FFABA). He replaces Tasos Spiliopoulos of Simpson Spence Young who served a one-year term.

The FFABA is an independent association of 15 FFA broking Baltic Exchange member firms formed in 1997. The Association runs regular forums with the Baltic Exchange to promote FFA trading and bring together market participants.

Banaszkiewicz commented: “As it becomes harder to make money trading physical vessels in this market, dry FFAs have become increasingly attractive. We’ve seen a 1400% rise in the capesize T/C earnings in a month and volumes up 22% this year already. What other market offers that sort of performance?”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts