Analyse credit risk assess default probabilities, and finally assess and monitor risk exposure of freight derivatives using VaR.

The aim of this coursework is to familiarize yourselves with the concepts of shipping derivatives and risk managements.

In particular, students will learn how to: execute a freight hedging strategy in dry and wet bulk shipping operations, use freight options in risk management, manage bunker risk in shipping operations, analyse credit risk assess default probabilities, and finally assess and monitor risk exposure of freight derivatives using VaR.