For this lecture, we will begin by identifying the sources of commercial and operational risks in shipping. We will delve into how these risks can be managed through operational decisions. Additionally, we will outline the different types of financial instruments available for hedging commercial risk.
In the second part of the lecture, we will continue describing some of the available options and conclude with strategies to potentially profit without owning vessels using financial instruments.
The lecture will end in a brief case study where participants will evaluate strategies for hedging freight levels based on market forecasts.