Effectiveness of forward freight agreements in mitigating VLCC shipowners' business risks between 2005 and 2014

This report investigates if the volatility of tanker spot rates are able to compensate shipowners for their cost obligations, justifying the need for a hedging tool. Subsequently, the accuracy of the paper hedging tool, Forward Freight Agreement (FFA), through its predictive mechanism is explored. T...

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Bibliographic Details
Main Author: Chng, Wen Xin
Other Authors: Soh Woei Liang
Format: Final Year Project
Language:English
Published: 2016
Subjects:
Online Access:http://hdl.handle.net/10356/67140
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Institution: Nanyang Technological University
Language: English