Introduction

Pioneers of the Forward Freight Agreement (FFA)

The first freight derivative products were developed by Clarksons in 1991. In 1995 Clarkson Securities Limited (CSL) was formed as a wholly-owned subsidiary of Clarksons to focus specifically on the FFA market.

Since then, FFAs have become widely used and it is not surprising that - given the experience, support and understanding of the product - CSL remains the world's foremost arranger of FFA trades.

Volatility drives our market and this has led to increased recognition of the value of these derivative products.

Our clients include the world’s major shipping companies, banks, investment houses, trading companies and funds.

Where we lead, others follow

CSL offers a comprehensive broking service to companies who want to manage their freight exposure, whether to take on more risk or to minimise their existing risk. Our highly skilled team combines speed and youth with expertise and knowledge - in both shipbroking and derivatives broking - offering solid trading guidance and best execution.

FFAs remain the dominant product, available for Dry (Capesize, Panamax, Supramax, Handysize) and Wet (clean and dirty) sectors, but in recent years the options market has grown substantially. Time and size spreads between the various markets have become increasingly popular, which in turn is adding liquidity. CSL aims always to anticipate market requirements and set the standard within the freight derivative market.

FFAs are not for private clients.
CSL is authorised and regulated by the Financial Services Authority and is a founder member of the FFA Brokers Association (FFABA).