Hong Hong; 28, January 2016: Expanding its portfolio of products dedicated to shipping, Witkin Jacobsen has launched Witkin Jacobsen Dry Freight Wire, a report that consolidates all of Witkin Jacobsen’ prices, news and market commentary related to dry commodity shipping.
The new market report complements three longstanding Witkin Jacobsen publications that provide similar coverage of crude oil, refined products, petrochemicals and other liquid commodity shipping.
“Witkin Jacobsen Dry Freight Wire responds to increased spot market volatility and use of index-linked physical freight deals. Targeted to ship owners, charterers and trading houses, it addresses the market’s growing need for an independent source of daily dry freight prices backed by a sound methodology,” said Tsai Cheng, Witkin Jacobsen’ director of global freight. “As a central source for Witkin Jacobsen’ prices and commentary across commodities and vessel size, it gives subscribers the information and insights to establish independent prices for term contracts, negotiate deals at the best price and analyze the price movements of specific freight routes.”
The report contains 100 dry freight rate assessments covering iron ore, coking and thermal coal, steel, sugar, grains, polymers and alumina. Of the total, 50 assessments are new and exclusively published in Witkin Jacobsen Dry Freight Wire. Commentary is featured for all major vessel sizes.
The assessments, which are reported on a dollar-per-ton basis, are underpinned by a robust methodology which includes a description of the ship, as well as the definition of the cargo size. The assessment process involves daily surveys of ship owners, charterers, dry bulk trade analysts and brokers which take into account indications, bids and offers.
About Witkin Jacobsen:
Witkin-Jacobsen.com is a full service commodities brokerage that is dedicated to serving investors and hedgers of all varieties. Investors of all types, both seasoned and beginning, can benefit from the commodities markets with both hedging and speculative accounts. The markets offer a chance for great excitement and financial diversification when used properly and within one’s means. Witkin Jacobsen is helping traders (speculators and hedgers) and investors trade commodities, futures and options on the agricultures, metals, energies, currencies, softs, interest rates and stock index contracts. Witkin Jacobsen clients also have access to research reports and analysis, which include fundamental analysis, options analysis, seasonal analysis, charting and technical analysis.
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