Τα χρηματοοικονομικά παράγωγα ως μέσα διαχείρισης κινδύνων στη ναυτιλία
Financial derivatives as risk management tools in shipping industry
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Keywords
Ναυτιλιακά παράγωγα ; FFAs ; Risk management ; HedgingAbstract
The object of study of this paper is Maritime Derivatives and how can be used for risk management in the Shipping Industry. Initially, it is considered appropriate to analyze the risks that exist in the shipping sector such as market risk, operational risk, foreign exchange risk, interest rate risk, the freight risk, credit risk, investment risk and bunkering, as well as methods of dealing with these risks.
Subsequently, there is a general introduction on financial derivatives and is explained the exact function of Futures, Forwards, Swaps and Options. Specialization in Maritime derivatives is necessary, where their types and characteristics, contract forms and participants in the maritime derivatives market are listed.
Finally, some conclusions are drawn and opinions are presented on the ways in which risks can be managed and an upcoming crisis in the shipping market can be dealt with, using examples and practical applications of the financial tools analyzed above.