Dec 12,2008 (Bloomberg) -- ABN Amro Holding NV, the biggest Dutch lender, and JPMorgan Chase & Co., the No. 3 U.S. bank, plan to enter the $36 billion shipping futures market to benefit from widening price swings.
Freight rates on the benchmark Middle East-to-Asia route for 2 million-barrel oil tankers have fluctuated from their average price almost three times as much as oil prices in New York in the six months through May, data compiled by Bloomberg show. The changes spurred companies from utilities to refiners to lock in transport costs or bet on future swings
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