Effective and efficient bunker operations, logistics, procurement, developments in the maritime industry (Part 3) Efficient bunker hedging in the perspective of tramp ship operators

• Main Author: Wong, Jyun Yao
• Other Authors: Kenneth Tan
• Format: Final Year Project
• Language: English
• Published: 2016
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/67428
• Institution: Nanyang Technological University

Bunkers made up the bulk of the voyage costs. Unlike port costs, which also constitute a major portion to the voyage costs, bunker prices are always fluctuating. Ship operators are therefore exposed to bunker price risk. This risk can be minimised through bunker hedging. Bunker hedging has not been...