Baltic Academy

The Baltic Exchange is excited to announce that it will be launching the first of its new Baltic Academy shipping courses this June in Singapore.

These unique new courses are specifically focused on the core risk management challenges faced by our industry.

Each course is a one-day event and takes a hands-on practical approach to solving real-life challenges.

The courses will be taught by Mr. Mikal Boe who has 28 years experience in practical risk management across the enterprise, operations freight, fuel, counterparties, bulk commodities and finance.

The two courses that will be taught are:

Counterparty Risk Management for Shipping
Thursday 13 June 2019 | SGX Centre 1, Singapore

This course is ideal for executives dealing with counterparty evaluations, treasury, operations, chartering, company finance and those responsible for managing counterparty credit risk.

On the day, you will learn these four important things:

• Where does credit risk come from, the origination of risk, credit assessment and how to measure the value of your exposures.
• Understand and measure the real-time value of credit risk including how to work with Probabilities of Default, Loss Given Default, Potential Future Exposures and how to use Baltic Indices to apply Credit Variance Assessments.
• How to build an actual credit risk portfolio and how to monitor ongoing credit risk. This puts risk in perspective and helps you apply Baltic forward data to your risk exposures.
• How to mitigate risk exposures: simple and effective methods for minimizing, mitigating and dealing with credit risk in today’s challenging markets.

Indexation and the creative use of the Baltic Indices in Risk Management for Shipping
Friday 14 June | SGX Centre 1, Singapore

This course is ideally suited to shipping executives and ship brokers working with timecharters, COAs, period charters, cargo programmes and fleet employment.

It is highly recommended for persons in chartering, finance, operations, risk management as well as consultants, brokers, project managers and decision-makers across all shipping sectors.

On the day, you will learn these four important things:

• How the Baltic Indices are created, what they represent and what they can be used for.
• How to creatively benchmark different vessel designs and types against Baltic Indices and adjust the Baltic Indices using time charter and voyage charter metrics, across capesize, panamax, supramax and handysize sectors.
• How to build new and creative forward curves for specific routes and how to create ‘hybrid’ routes using Baltic Indices
• How to use benchmark-adjusted Baltic Indices, new forward curves and hybrid routes to create opportunities in FFA hedging and trading as well as the development of index-linked business.
Source: Baltic Exchange