22.12.2008 - Singapore: Freight futures lose appeal
From Gulfnews.com: Freight derivatives are falling out of favour as traditionally conservative ship owners and brokers back out of the sort of speculation on volatile freight rates that has just claimed its highest-profile victim. Speculative capital has evaporated, and the econ-omic crisis has sapped the bullishness that fuelled activity and led to heavy inflow of money from banks' proprietary desks and institutional investors into commodities up until earlier this year..... Full Article: Source