18 July, 2024 AXSMarine
AXSMarine ’s Live Matrix provides instant freight rate visibility to shipbrokers, commodity traders, shipowners, charterers and other professionals in the Dry Bulk industry.
The Challenge
As shipping services are forward booked, visibility on the current and potential future costs of freight is vital for brokers, commodity producers and commodity purchasers.
Currently, a large swathe of organisations responsible for Dry Bulk Shipping will need to bring together several data feeds including vessel speed and consumption, spot, and future prices. Bringing these datasets and running the required calculations to produce a single point of truth is both time-consuming and expensive.
The Solution
Live Matrix generates, and automatically updates, hundreds of individual calculations in a single screen.
Users are able to quickly benchmark multiple vessels across multiple routes using the latest spot and FFA Baltic Exchange Indices, live intraday FFA, live and futures’ bunker prices.
This solution based on a transparent methodology provides an instant comparison of spot freight rates with past settlements, as well as forward prices for next three quarters.
Live Matrix leverages the AXSMarine's proprietary data on vessel speed and consumption, along with multiple spot and futures prices plus live intraday FFAs powered by the Baltic Exchange, Braemar Securities, and Bunker Ex.
Use Cases
Operators, Charterers, Traders and Brokers - involved in managing or purchasing the freight element of commodity shipments, can utilise the Live Index to support a number of different decisions including:
To compare contract (COA) rates with expected market conditions.
Look at chartered tonnage exposure (TC Cost) vs. expected freight market (income) conditions.
To decide whether to lock in freight rates now or wait.
To decide whether to hedge freight exposure
To help buyers determine the best commodity origination location by comparing commodity purchase price and freight cost.
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