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Bunker Hedging Post IMO 2020

4th February 2020 @ 9:00 am - 1:00 pm

This new half day course is for bunker buyers, traders and suppliers wishing to understand how IMO 2020 may affect the hedging of bunker fuel prices as the ‘old’ contract disappear and ‘new’ ones emerge. Attendees will learn best practices in bunker fuel price risk management, using new low sulphur fuel oil contracts and gasoil contracts as well as basis risk between ports and how to manage regional discrepancies.

 

Syllabus

Bunker risk management essentials:  

The economics of a bunker hedge in a COA and for bunkers on redelivery
Classic signs of when to hedge and when to float on the spot market  
Tried and tested hedging strategies – practical examples  
How IMO 2020 changes bunker hedging, and why  

Hedging bunker price exposure with new contracts: 
 

Term structure and oil market dynamics  
The new low sulphur fuel oil contracts, market mechanics post 2020  
Low sulphur marine gasoil contracts  
Basis risk and regional price differentials, best practice hedging  
New hedging strategies – practical examples  
Execution,clearing, collateral and cash management 

 

Course leader

Mikal Bøe

Mikal is a senior executive with 28 years’ experience in shipping, technology and commodities; with particular focus on risk management.

Prior to starting CORE-POWER in 2016, Mikal served as Chief Risk Officer and Director in charge of Singapore office for Thoresen Thai Agencies (BKK:TTA) an Asian industrial group stock listed in Thailand. He previously served as Chief Risk Officer for Eagle Bulk Shipping (NASDAQ:EGLE)in Singapore and New York; and spent many years at IMAREX, the first regulated marketplace for freight derivatives.

Several unique new businesses were started by Mikal, including bunkerworld.com (1997) sold to S&P Platts in 2013, Cleartrade Exchange, now part of the EEX and owned by Deutsche Boerse and CORE-POWER – established to spearhead the development of a commercial market for the ‘Liquid Fluoride Thorium Reactor’ in transport and industry.

Cost

USD 600 / SGD 800

Bookings

Please contact Shena Cheng to book your place. Email: scheng@navigatepr.com

For the full Baltic Exchange Academy training programme 2020 see Baltic Training 2020

Details

Date:
4th February 2020
Time:
9:00 am - 1:00 pm
Event Category:

Venue

SGX Auditorium
2 Shenton Way
Singapore, Singapore
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