Effectiveness of forward freight agreements in mitigating aframax tanker shipowners' business risks between 2006 and 2015

• Main Author: Rusli, Wenny
• Other Authors: Soh Woei Liang
• Format: Final Year Project
• Language: English
• Published: 2017
• Subjects: DRNTU::Engineering::Maritime studies
• Online Access: http://hdl.handle.net/10356/70724
• Institution: Nanyang Technological University

Shipowners are naturally subjected to the volatility of the spot freight rate which may then affect his ability to cover his costs obligation. As a result, it is necessary for shipowners to mitigate his risks by engaging in risk management tools, such as Time Charter as a physical hedge and FFA as a...