The Freight Academy

Freight Derivatives Trading and Shipping Risk Management Courses

The Freight Academy conducts professional courses in tanker derivatives trading, aimed at providing a detailed understanding of the shipping derivatives market and its impact and opportunities for trading and shipping risk management.

Since 2007, the Academy has rapidly gained global recognition for conducting highly relevant and practical freight derivatives courses catered to addressing real-world needs of relevant stakeholders.

Why attend a freight derivatives course?

Gain a practical understanding of the fundamentals of Forward Freight Agreements (FFAs) and Freight Options and how to rely on these products to hedge physical price risk.
Learn how to use standard FFA contracts as a proxy for physical freight exposure.
Gain an understanding of the importance of clearing in eliminating counter-party risk and as a driver of liquidity.
Learn how to hedge vessels, trade time and quality spreads as well as mathematical calculations of P&L and M2M settlement through detailed case studies and exercises.
Participate in a live trading simulation on the Trading Screen.

Who should attend a freight derivatives course?

Since 2007, the Academy alumni has grown to include over 1000 senior managers, chartering specialists, risk managers and shipping risk management professionals from some of the world’s most admired companies.

We would like to invite you to be a part of this alumni. Our professional freight derivatives trading courses will be highly relevant to:

Ship Owners
Charterers
Risk Managers
Traders
Shareholders
Investors

To contact us about registration or for further information, please email us at academy@marexspectron.com

Freight Academy – Course Topics

Forward Freight Agreements (FFAs) – an introduction
Understanding the long and short of physical freight
Deconstructing the Forward Curve
How to rely on Tanker/Dry Bulk FFAs to hedge physical price risk
Choosing the right contract, getting volumes right and trading out
Hedging voyage charters vs time charters
What is liquidity and where does it come from
The role of hedge funds in the FFA market
How to trade Tanker/Dry Bulk FFAs
Volatility – why is it so important for freight futures and options
Maritime Economics: the supply-demand curves and how it drives volatility
Seasonality – fact or fiction?
How to trade time charter contracts
How to trade voyage charters
How to use an FFA contract as a proxy for physical freight exposure
Examples and calculations
Time spread trading and quality spread trading
Tanker/Dry Bulk freight options
- What are freight options
- Why use options for freight hedging
- Volatility and concepts of ATM, ITM and OTM freight options
Tanker/Dry Bulk freight options
- Buying and selling puts and calls
- Calculating premiums
- Different options structures and strategies
Live Trading Screen Simulation

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