Trade Routes are typically defined by the market (by the data provider) or by your internal risk management team. Trade Routes are based on Vessel Type and have different units of measure ($/day, $/ton, $/mt, or Worldscale), usually based on the area or the start and end points of the itinerary.
Before a Trade Route is defined, ensure that the Market and Market Index exist for the specific route.
In the Trading module center , under Data, click Trade Route.
The trade routes are universal for all markets specified as Freight.
Adding Calculated Routes
You can also add calculated routes:
- Select the Calculated check box.
Type in the formula in the Formula field.
Examples:AVG (Route1,Route2,Route3)
Example: AVG (P2A,P2EA)
Factor1 * Route1 +/- Factor2 * Route2 +/- Factor3 * Route3
Example: 0.6 * 4TC_P - 0.4 * P17A
Factor1 * $ / TonRoute - Factor2 * BunkerSymbol1 - Factor3 * BunkerSymbol2 - Factor4
Example: 1143 * LPG - 42 * SPO380FO - 0.1 * SPOMGO - 2549