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Understand risk in the shipping business. Get an insight into derivatives trading, hedging, modelling theory and practice. This programme is tailored for shipbrokers, FFA and freight traders aiming to enhance their knowledge and incorporate derivatives in their business. It is also suitable for financial executives and business professionals seeking a comprehensive understanding of the dynamics within the shipping markets. Additionally, back-office staff will benefit from gaining insights into the complexities of FFA and derivative trading.

The course includes 180 days e-learning access, with pre-recorded videos, downloadable course notes, case studies and exercises. This course is also complemented with six individual one-hour webinar sessions, taking place on 22-24 & 29-30 April and 1 May 2025 at 1-2pm (UK time). 

Course overview

• Practicalities of FFA trading: Documentation and settlement; electronic trading; FFA and hedging examples for spot, time-charter, dry bulk and tanker routes.
• Freight market information: Overview of spot, FFA and investor indices published by the Baltic Exchange.
• Options: Terminology, using freight options for hedging; option trading strategies; pricing.
• Bunker market: The fundamentals; use of bunker derivatives; forward bunker contracts (hedging and trading); options on bunker prices.
• Interest rate risk: Financing examples and sources of interest rate risk; hedging interest rate risk using forwards and futures.
• Ship price risk: Portfolio theory; diversification and risk return optimisation; Baltic S&P, Recycling, OPEX assessments.
• Value at Risk: Estimating volatility (daily vs yearly); measuring and estimating VaR: single asset vs multi-asset portfolio; VaR methodologies; examples of estimating VaR of FFA portfolios.
• Credit risk: Probability of default vs loss given default; how to measure credit risk (qualitative vs quantitative methods); credit risk & credit ratings; credit risk management in shipping; credit derivatives. 

Click here to download the course brochure.

Full course price: £899 + VAT 

Baltic member price: £629.30 + VAT

Email: academy@balticexchange.com to book your place.

Understand risk in the shipping business. Get an insight into derivatives trading, hedging, modelling theory and practice. This programme is tailored for shipbrokers, FFA and freight traders aiming to enhance their knowledge and incorporate derivatives in their business. It is also suitable for financial executives and business professionals seeking a comprehensive understanding of the dynamics within the shipping markets. Additionally, back-office staff will benefit from gaining insights into the complexities of FFA and derivative trading.

The course includes 180 days e-learning access, with pre-recorded videos, downloadable course notes, case studies and exercises. This course is also complemented with six individual one-hour webinar sessions, taking place on 22-24 & 29-30 April and 1 May 2025 at 1-2pm (UK time). 

Course overview

• Practicalities of FFA trading: Documentation and settlement; electronic trading; FFA and hedging examples for spot, time-charter, dry bulk and tanker routes.
• Freight market information: Overview of spot, FFA and investor indices published by the Baltic Exchange.
• Options: Terminology, using freight options for hedging; option trading strategies; pricing.
• Bunker market: The fundamentals; use of bunker derivatives; forward bunker contracts (hedging and trading); options on bunker prices.
• Interest rate risk: Financing examples and sources of interest rate risk; hedging interest rate risk using forwards and futures.
• Ship price risk: Portfolio theory; diversification and risk return optimisation; Baltic S&P, Recycling, OPEX assessments.
• Value at Risk: Estimating volatility (daily vs yearly); measuring and estimating VaR: single asset vs multi-asset portfolio; VaR methodologies; examples of estimating VaR of FFA portfolios.
• Credit risk: Probability of default vs loss given default; how to measure credit risk (qualitative vs quantitative methods); credit risk & credit ratings; credit risk management in shipping; credit derivatives. 

Click here to download the course brochure.

Full course price: £899 + VAT 

Baltic member price: £629.30 + VAT

Email: academy@balticexchange.com to book your place.