- Duration: 3 Days
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
Course Location
About PetroEdge
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