The International Maritime Exchange or Imarex is an Oslo

Oslo

Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

-based exchange for trading forward freight agreements

Forward freight agreement

A forward freight agreement is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates...

 (FFAs). It started trading tanker freight futures contracts

Freight derivative

Freight derivatives, which includes Forward Freight Agreement , container freight swap agreements and options based on these, are financial instruments for trading in future levels of freight rates, for dry bulk carriers, tankers and containerships...

 in 2001, followed by dry cargo freight futures contracts in 2002. All futures contracts are cleared by the Norwegian Futures and Options Clearing House (NOS). Imarex is owned by Imarex ASA

Imarex ASA

Imarex ASA also known as the Imarex Group is a Norwegian company that operates a number of services related to shipping management including the futures exchange International Maritime Exchange , the Norwegian Futures and Options Clearing House and the commodity exchange Fish Pool...

(formerly known as Imarex NOS) and has subsidiaries in Oslo, Singapore, Genova and Houston (USA).