【海大百川系列讲座】第54期综合交通运输协同创新中心鲲鹏大讲堂
2020-11-02
633
讲座题目：运价风险及航运公司管理工具
讲座时间：2020年11月6日 下午3点
讲座形式：腾讯会议在线讲座
Zoom ID：965 477 841
主讲人：定量金融及其在船舶金融、航运风险和货运建模中的应用领域知名专家
最近，在好望角型油轮船东决定轮换船员并对澳大利亚煤炭进口实施禁令之后，2020年10月是迄今为止航运业最不稳定的月份之一。在短短几天内，航运运价上涨至2019年以来的最高水平。在这种环境下，航运公司必须意识到货运业务所涉及的风险以及可以用来管理这些风险的工具。本报告将首先介绍风险管理过程中的步骤，然后将介绍推动货运衍生品市场的基本指数并讨论如何利用期货和期权管理运价风险。最后，我们还将讨论基差风险的概念以及如何有效管理基差风险。
October 2020 has so far been one of the most volatile monthsfollowing the recent decision of Capesize owners to rotate their crews and amuted ban on imports of Australian coal, which pushed freight rates up tohigher levels since the middle of 2019, only to lose most of their momentumwithin a few days. In this environment, shipping companies must know the risksinvolved in freight operations and the tools they can use to manage thoserisks. The presentation will go through the steps in the process of riskmanagement. The lecturer will then present the underlying indices that drivethe market for freight derivatives and discuss how freight rate risk can bemanaged using Futures and Options. Finally, the lecturer will also discuss theconcept of Basis risk and how this can be managed effectively.
