ICE Launches First VLCC Tanker Freight Futures on TD34 and TD15 Routes

Business Wire··USCN·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

Intercontinental Exchange has launched the first tanker freight futures on the TD34 Gulf of Oman to China and TD15 West Africa to China Very Large Crude Carrier routes, alongside two new cash-settled container freight average price options. The tanker contracts are cash-settled futures based on Baltic Exchange price assessments, designed to let customers hedge those routes as they navigate restricted access through the Strait of Hormuz. The container options, FAN Asia to North Europe and FAW Asia to U.S. West Coast, are indexed to NYSHEX's Freight Indices and build on the equivalent freight futures ICE launched in April 2026. The new contracts extend ICE's freight complex to more than 90 contracts across over 30 global routes spanning wet and container freight, as average daily volume across ICE's freight markets is up 33% year-to-date. Jeff Barbuto, SVP and Global Head of Oil Markets at ICE, said the market can now 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.

Impact on assets 2

Carbon Removal (DAC)▲ · 1 stocks
Intercontinental Exchange Inc
ICE
▲ PositiveTechnologyrelevance

ICE launched the first VLCC tanker freight futures on TD34 and TD15 routes plus new container freight options, expanding its freight derivatives complex to over 90 contracts.

Others▲ · 1 stocks

Off-coverage companies 1

NYSHEXPrivate▲ Positive
Demandrelevance

ICE's new container freight options are indexed to NYSHEX's Freight Indices, driving demand for NYSHEX's index products.

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