ICAP Shipping Announces Strategic Market Data Partnership with The Journal of ...
LONDON, Feb. 15, 2012 /PRNewswire/ -- ICAP Shipping, the shipping arm of ICAP plc, the world's leading interdealer broker, today announced a strategic partnership with The Journal of Commerce (JOC). JOC is published by UBM Global Trade, the leading provider of proprietary data and news in the commercial maritime, rail, trucking, warehousing and logistics industries. Through this partnership ICAP Shipping and JOC will share derivative and physical trade market data, including ICAP Shipping's Forward Curve on swap agreements settled against the Shanghai Containerised Freight Index (SCFI).Containerised freight swap agreements allow users to lock in future cash flows of containerised cargo. Prices of those derivative contracts will be published in The Journal of Commerce as well as on JOC's website.
Together ICAP Shipping and JOC will publish a joint market report including U.S. government trade data sourced from PIERS, a UBM subsidiary, covering all major ports in the United States.
