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 endpoints of the itinerary.
In the Trading module center , under Data, click Trade Route.
The trade routes are universal for all markets specified as Freight.
Before a Trade Route is defined, ensure that the Market and Market Index exist for the specific route.
Note: Ensure that the values in the "Settlement Route“ and "Spot Route“ columns match the Baltic route ID.
Adding Calculated Routes
You can also add calculated routes:
Select the Calculated check box.
Type in the formula in the Formula field.
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
Enable Trading Net P&L Fields