The Baltic Exchange’s popular FFA courses are now available as an online e-learning option.

Split into a series of pre-recorded videos, accompanying slides and comprehensive study notes, the courses also incorporate live webinars to allow the lecturers to clarify concepts and for delegates to ask questions.

Baltic Exchange members enjoy a 30% discount on standard fees.

 

Freight Derivatives & Shipping Risk Management

 

  • Freight market information; the practicalities of FFA trading; documentation and settlement; electronic trading; FFA and hedging examples for spot, time-charter, container and tanker routes

  • Option terminology; using freight options for hedging; option trading strategies; freight options pricing

  • Bunker market fundamentals; importance of bunker risk management in shipping; 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

  • Integrating all aspects of shipping risk; presentation of the case; using spreadsheets to solve the case

  • Portfolio theory; diversification and risk return optimisation; Baltic S&P, Recycling, OPEX assessments

     

COST: £787.50
30% Baltic Member Discount: £551.25

www.balticexchange.com/en/membership-services/baltic-academy-0/freight-derivatives-and-shipping-risk-management.html

Email: academy@balticexchange.com for further information.



Advanced Freight Modelling & Trading

 

  • Practicalities of FFA trading, hedging and trading examples

  • Chart analysis; technical trading rules; spread trading; implied TC rates

  • Freight options; hedging with options; option trading strategies

  • Volatility models (historical, time-varying & implied); estimation and interpretation; forecasting volatility

  • Determinants of option prices; pricing Asian options using closed-form models; Monte Carlo Simulation

  • Key option value drivers; different types of real options; option to choose (spot vs timecharter); option to lay-up; real options and ship valuation; real options and extended Net Present Value; identifying and valuing real options in shipping

  • Option price sensitivities (Greeks); dynamic and static Delta hedge; Delta-Gamma hedging; Greeks of Asian options

  • Estimation & interpretation; VaR methodologies; VaR for nonlinear instruments

 

https://www.balticexchange.com/en/membership-services/baltic-academy-0/baltic-academy.html

COST: £787.50
30% Baltic Member Discount: £551.25

Email: academy@balticexchange.com for further information.