Spark assessments underpin the new LNG Freight cash settled futures
contracts on one of the world's largest commodities exchanges.
Now available to trade via ICE.
Released on Mar 23
LNG freight pricing is a critical part of LNG trading.
Historically, it has been hard to assess, difficult to evaluate
and labour intensive to analyse.
Now it is not.
Supported by leading LNG market participants, exchanges and brokers. Designed for simplicity, built for progress.
A carbon neutral LNG freight rate combining existing, recognised SparkS rates with industry recognised carbon prices.
Transparent methodologies aligned to IMO standards and designed to help you meet your offset goals
Intuitive, early stage calculator designed to give you a better understanding of environment impacts and corresponding carbon costs and rates*.
Full flexibility on routes, assumed boil off rate and vessel speed, vessel size and carbon reference prices.*Our phase 1 calculator gives approx calculations. As Neutral progresses, so will our calculations.
Contribute to our goal by registering interest (anonymously if you prefer) to offset your freight linked carbon emissions.
If we can validate that there is a wider industry interest (even if non-binding at this stage), then we are committed to building the tools to make this happen.
Multiple features designed to meet the demands of traders, owners, charterers and analysts and based on market feedback.
By providing forward assessments and allowing you to see how the forward curve evolves, you gain greater insight when making freight and cargo decisions.
By combining data with visualisation tools, Signals connects you to how prices evolve, compare and change, whenever you need.
For eligible submitters*, anonymous price information is turned into meaningful min/max ranges, allowing you to compare your views against market players.
Privileged access to Opti Beta providing you with a new tool to analyse FOB positions. Enriched with Kpler data and built with iteration in mind.
Access Spark historical data whenever you need it, directly via the platform.
As US LNG exports continue to impact global balances, analyse potential decisions, run your own calculations and compare against historical flows. Supported by the latest Kpler data.
We are constantly developing new tools for our customers. Others are in the pipeline as the platform develops.
Check how current spot contract is pricing, model different scenarios, verify the number of assessment days and confirm how the previous two months have priced.
Track the evolution of price spreads between different Spark LNG freight rates, enabling you to spot fundamental trends and explore potential trading opportunities.
Convert fixtures and assessments into SparkS and SparkF prices using the inputs you need and with full transparency.
Designed to meet your requirements, whichever type of organisation you are.
We are building a new way to understand commodity pricing,
starting with our LNG Freight. In early 2019, Spark launched with
the backing of Kpler, the world’s leading shipping tracking and
commodity data intelligence provider, and EEX (formerly
Powernext), part of the Deutsche Boerse Group, a globally
Led by commodity professionals and experienced software engineers, we are a small team of people from a variety of backgrounds who want to make a big impact.
Spark launches with 2 employees: Tim Mendelssohn (formerly of BP and Koch Supply and Trading) and Charles Vallantin Dulac (formerly Head of Engineering at Kpler).
First LNG freight product/contracts launched for testing with submissions received from leading brokers and market players. First bilateral OTC freight swap completed against Spark contracts between Glencore and Socar.
Hit first 10,000 data points and 200 users from 50 companies.
100+ companies connected to Spark with over 500 users.
Launch of Spark Premium to provide users with more insightful analytical tools.
Spark expands into Europe with first international office opened in London.
150+ companies connected to Spark from across LNG, Gas and Power industries.
Intercontinental Exchange (ICE) selects Spark as provider for LNG freight assessments underpinning new cash settled LNG Freight futures contracts.
ICE launches Spark25S and Spark30S LNG freight cash settled futures contracts.