Sparta’s forward-looking market intelligence is coming for freight in Q3 2024

 

[Geneva, June 13th, 2024] – We’re delighted to announce our next new vertical – Sparta for Freight 

Scheduled for release in Q3 2024, Sparta for Freight will provide live global arb-driven CPP freight market forecasting from real-time supply and demand data. Built by freight traders and tailor-made for the freight market, delivering actionable insights powered by Sparta’s industry-leading Global ARBs for unmatched trade and vessel positioning.

Global arbs distilled into clear regional freight market signals

The freight market lacks insight into the demand-side economics and TCE earnings through the curve for every route, particularly for more specialised and less frequented routes. Additionally, the market’s opaque nature, lack of forward freight rate clarity, and tendency to be over-dependent on historical information often lead to slow-to-market response times and missed opportunities.

Unparalleled, real-time intelligence for the freight market

Sparta’s physical market information, combined with industry-leading forward-looking arbitrage models, enables freight market participants to anticipate global trade flows of clean products, position vessels, and trade paper with unmatched accuracy and conviction.

A tailor-made market intelligence platform for freight

Built to meet the needs of the freight market, Sparta for freight will provide a new set of features specifically designed for the freight market:

Freight Dashboard: Sparta’s CPP freight dashboard offers real-time insights on whether each CPP freight region is bullish or bearish and the best fixture option for your vessel.

Clean product freight calculator: Sparta’s Clean Freight Calculator delivers instant access to reliable prompt and forward freight rates and TCE earnings for over 2500 global routes across relevant vessel classes.

Dirty product freight calculator: Sparta’s Dirty Freight Calculator delivers instant access to reliable prompt and forward freight rates and TCE earnings for over 600 global routes across relevant vessel classes.

Sparta is designed by traders, for traders. Co-Founders, Miles Moseley, and Felipe Elink Schuurman, with decades of combined experience in commodity trading, have worked diligently to create something they could only have dreamed of during their own trading careers.

A proven track record

Soon after its inception, in March 2022, Sparta secured a substantial $6 million Series A investment from Singular. This success later snowballed into a further $17.5 million in a Series A funding round led by the technology venture capital firm FirstMark, with participation from the existing shareholder, Singular.

Expanding opportunities

Freight is just the next step in Sparta’s journey, which will eventually lead us to add full barrel coverage to our platform in the long-term. In the short to medium term, Sparta will be adding verticals on a frequent basis throughout 2024.

Register for updates

If you’re interested in our upcoming freight vertical, register now for updates, and exclusive pre-launch and early adopter offers.

To learn more please visit: the freight page on our website, contact us at sales@spartacommodities.com, or register your interest by clicking the banner below.