Derivatives

ACM delivers its derivatives service through a joint venture partnership with NASDAQ listed derivatives inter-dealer broker GFI. ACM/GFI is a major facilitator of the world's wet FFAs. Highly experienced FFA brokers offer a worldwide service from offices in London, Singapore and New York, providing freight and finance clients with sophisticated hedging and arbitrage tools to manage their freight exposure and investment opportunities more effectively. Earlier this year ACM JV/GFI, voted Energy Risk magazine's "best wet freight broker" in Energy and Commodity Rankings 2005 formed a JV with McQuilling to operate North American shipping derivatives. ACM/GFI offers a hybrid approach to execution, combining screen and voice brokerage in line with clients' wishes.

Telephone
(London) +44 20 7422 1180
(Singapore) +65 6820 2980
(New York) +1 212 968 2050
Fax +44 20 7930 0115
Telex 296406/295672

futures@acmshipping.co.uk

Will Leslie
Mobile +44 7771 802 581

Keir Lewis
Mobile +44 7968 436 826

Amy Bachmann
Mobile +44 7786 558 678

Ben Woodbridge
Mobile +44 7957 310 006

Jay Lovell
Mobile +44 789 4355 666

Will Clarkson
Mobile +44 7919 408 502

Andrew Jamieson
Mobile +44 7725 245 542

Kristian Thunes
Mobile +44 7894 787 235

Cormac Spencer
Mobile +44 7596 746 797

Sharon Lee
Mobile +44 7766 002 258

Will Berney (Singapore)
Mobile +65 9829 5100

Duncan Farmer (Singapore)
Mobile +65 9185 7792

Naoko Ishibashi (Singapore)
Mobile +65 9105 5199

llya Izmaylov (Singapore)
Mobile +65 9152 4239

Puay San Lim (Singapore)
Mobile +65 9620 6724

Grace Lin (Singapore)
Mobile +65 8128 8663

Kimberley Soliano (Singapore)
Mobile +65 9229 0417

Robert Tang (Singapore)
Mobile +65 9728 5983

Darryl Donohue (New York)
Mobile +1914 980 0397

James Ronan (New York)
Mobile +1631 807 7087

Tron Witt (New York)
Mobile +1646 409 8204