Effectiveness of forward freight agreements in mitigating capesize ship-owners' business risk between 2009 and 2014

• Main Author: Lim, Kai Liang
• Other Authors: Soh Woei Liang
• Format: Final Year Project
• Language: English
• Published: 2016
• Subjects: DRNTU::Engineering::Maritime studies::Maritime management and business
• Online Access: http://hdl.handle.net/10356/67136
• Institution: Nanyang Technological University

Shipowners have employed various risk management tools to reduce their exposure in the inherently risky freight market to ensure survival. Traditionally, they utilize physical hedging tools such as Time Charters (TC) to hedge their earnings. The advent of Forward Freight Agreements (FFA), a paper he...