ICE Launches New VLCC Tanker and Container Freight Contracts as Customers Hedge Freight Risk Across Global Trade Routes
Business Wire•05/10/2026•07:30 ET
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Key Highlights
- ➤ICE launches first VLCC futures on TD34 Gulf of Oman-China route
- ➤ICE launches first VLCC futures on TD15 West Africa-China route
- ➤ICE launches container freight options for Asia-North Europe and Asia-U.S. West Coast
- ➤ICE freight markets average daily volume rises 33% year-to-date
- ➤ICE freight complex expands beyond 90 contracts across over 30 global routes
Expert Statements
Jeff Barbuto, SVP, Global Head of Oil Markets at ICE
“Freight markets are some of the most closely watched in the world right now as geopolitical developments continue to reshape established trade routes”
Jeff Barbuto, SVP, Global Head of Oil Markets at ICE
“What makes ICE's offering so valuable is that the market can manage the full chain of risk, the commodity and the cost of moving it, in one place, as events like the disruption at the Strait of Hormuz continue to affect both.”
Jeff Barbuto, SVP, Global Head of Oil Markets at ICE
“We’re seeing that play out in real time as ship owners reroute vessels, buyers shift to alternative sources of crude, and the market reprices risk across routes far from the Gulf.”
Jeff Barbuto, SVP, Global Head of Oil Markets at ICE
“ICE’s new TD34 and TD15 contracts give customers direct, transparent ways to hedge Gulf of Oman-loading and West Africa-loading voyages for the first time”
ICE Launches New VLCC Tanker and Container Freight Contracts as Customers Hedge Freight Risk Across Global Trade Routes
Includes First Futures on the TD34 Gulf of Oman to China and TD15 West Africa to China VLCC Routes as Geopolitics Reshape Global Freight Markets
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