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China to launch container futures product 

Photo of Sam Chambers Sam ChambersJuly 11, 2023
1,124 Less than a minute
SIPG

China will shortly launch a container shipping futures product, which will use the renminbi as the settlement currency.

The Shanghai Futures Exchange has been working with the Shanghai Shipping Exchange to develop the Shipping Index Futures.

Last year saw the launch of CME Group’s container freight futures in the UK covering six routes. 

The futures move follows a period of record rate volatility, driven by the pandemic. 

Photo of Sam Chambers Sam ChambersJuly 11, 2023
1,124 Less than a minute
Photo of Sam Chambers

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.
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