Course details

Players in the global shipping industry are constantly grappling with ways to retool their business in a constantly changing business environment. Fuel is a major cost component for shipping companies, and it is the most volatile component within the business model. For now, lower revenue can be partially offset by lower bunker prices; however, when fuel prices head back up, ship operators need to protect against rising business costs. Fuel price and key risk management strategies can have a profound influence on everything from short term cash flow to overall financial performance.

Managing exposure requires an in-depth knowledge of the complexities of the energy and financial markets and access to all the right information. This comprehensive 3 day course in collaboration with Channoil will provide you with a sound working knowledge of international bunker trading, applied risk management and related business activities.

By attending this training course, you will be able to understand

  • The process of converting crude oil into bunker fuels
  • Pricing of bunker fuels
  • Trading techniques and understanding contracts
  • Price risk management for bunker fuels suppliers and users.
  • Measurement and quality control of bunker fuels
  • Bunker fuels trading simulation

COURSE OUTLINE

DAY 1

  • INTRODUCTION
  • OIL MARKETS & OIL TRADING
  • CRUDE & OIL REFINING
  • CRUDE OIL VALUATION
  • SHIPPING / FREIGHT Tankers – types and characteristics
  • OIL PRODUCTS / BLENDING
  • OIL PRICING MECHANISMS

DAY 2

  • PURCHASE & SALE CONTRACTS
  • DOING A DEAL
  • NON- TANKER LOGISTICS
  • FORWARDS AND FUTURES MARKETS
  • PRICE RISK, LONG & SHORT
  • HEDGING

DAY 3

  • MARKET STRUCTURE AND TRADING STRATEGIES
  • ARBITRAGE TRADING
  • BUNKER FUELS REGULATIONS & STANDARDS
  • BUNKER BUSINESS PROFITABILITY
  • MANAGEMENT ISSUES
  • COURSE RECAP, DISCUSSIONS and FEEDBACK
Updated on 08 November, 2015

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