Global Commodities Newsletter | June 2022
Dear Customers, Partners and Friends,
So here we are, midway through 2022 – where has the time gone?
In my last update at the end of 2021, I shared my hopes for a calmer 2022 but as we all know, it hasn’t quite worked out that way due to the ongoing conflict in Ukraine. Added to this, the effects of COVID continue to reverberate around the world causing major supply chain issues for the maritime sector. However, some “green shoots” have emerged with the relaxation of certain travel restrictions and I know the team have really enjoyed getting back out “on the road” again to meet you in person. I must say, on a personal note, I’m also really looking forward to seeing you all in the coming months at our various events in Germany, London and Singapore.
On the Global Commodities front, it’s been a very busy six months. Building this business in partnership with you is at the heart of everything we do, so I was very pleased that we have been able to deliver on a number of important initiatives which provide much needed benefits for our customers. In April, we introduced a series of improvements to our Freight Margin calculations which ultimately result in lower margin requirements. Then in May, we successfully launched our new suite of Panamax Freight Futures for the P6_82 route. We’ve also been very busy working on a major and very exciting project – Touchpoint – which will launch in September. But hey, I’ve a feeling I’m stealing the newsletter’s thunder here - so read on for the full run down on everything we’ve been up to…
Happy Reading!
Max Mustermann
Steffen Köhler
Improved margins for EEX Freight Contracts
Following a period of ongoing dialogue with our customers and clearing members, EEX has recently introduced a series of improvements to its Freight Margining calculations. Since April this year, we have factored in a new calculation which better recognizes that our Freight contracts are settled throughout the month in delivery. The new factor essentially reduces market exposure throughout the month in delivery, ultimately resulting in lower margin requirements.
Want to know more? Check out our latest Freight in Focus video with Claudia Gerotto, Nicky Chalkley and Michael Mervyn-Jones.
Did you know? You can access our daily margin curves, updated by ECC, by clicking on the following button.
Fit for 55 – is Shipping running out of time?
In our latest episode of Talking OTC Commodities, Michael Mervyn-Jones and Richard Heath discuss the ongoing transition to greener shipping with Tjard Juergens, Stefan Schindler and Patrick Schwinke from ZEABORN Ship Management and specifically examine just how ready the shipping industry is when it comes to EU ETS readiness.
In the podcast, the panel chat on the progress made since the “Fit for 55” package was announced just over a year ago and highlight key areas which require further clarification including transparency of the political process, the importance of credible MRV data and who is ultimately responsible when it comes to paying the costs.
If you have any questions relating to this episode, please contact Richard Heath or Michael Mervyn-Jones.
P6_82 Panamax Freight Futures


The EEX suite of Panamax Freight Futures for the P6_82 route is now live!
Developed in close consultation with the market, the new contracts enable customers to manage their freight risk more effectively via a more granular risk management solution.
Thank you to all the brokers and traders who have supported the launch so far and of course special thanks as always, to the team at The Baltic Exchange. We’re thrilled with the market response to date and look forward to growing this contract together with you!
All details on the P6_82 route can be found on the EEX website under the EEX Contract Specifications for Trade Registration and in the EEX product code list pages.
Regina and Miyoshi – Welcome on board!
We’re delighted to welcome Regina Sher and Miyoshi Nishimura to the team!
Working out of our office in Singapore, Regina and Miyoshi will work along side EEX Asia’s Head of Commercial Erlend Engelstad to sell the EEX portfolio of products in the Asia region.
Both Regina and Miyoshi are no strangers to the commodities sector and will bring considerable experience to their new roles having worked at S&P Global Platts and Sumitomo respectively.
If you’d like to connect with our latest recruits, then please feel free to get in contact here:
Regina Sher
Miyoshi Nishimura
Get ready for Touchpoint
Finally, we have some VERY exciting news to share…
In September, EEX Group will launch its new trade registration platform – Touchpoint. For the first time ever, Touchpoint will bring together all EEX asset classes in a single, intuitive and easy to use platform. The feature rich system provides a comprehensive range of trade registration and administration services and tools, allowing users to control all parts of the OTC trade workflow.
Touchpoint has been specifically designed to cater for a broad range of different users, allowing clearing members, brokers and clients to interact in a single platform: Brokers can book trades on behalf of clients and access live EEX market information, Clearing Members can set client limits and manage their accounts while clients can see all trades being entered on their behalf and access a range of data and analytics tools. In addition to its intuitive GUI, users can access the platform via a direct electronic connection allowing information to be transmitted live from Touchpoint into individual users systems.
If you’d like to know more on what Touchpoint can do for your business or to set up a system demo in advance of the launch, please feel free to reach out to Richard Heath
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