PRELIMINARY EXPLORATION OF CONTAINER FREIGHT DERIVATIVES
To avoid the volatility and risks caused by the volatility of freight rate of the international shipping service, the international shipping industry has successively created multiple freight derivatives. Several container shipping freight swap agreements have been taken delivery base on the Shanghai Containerized Freight Index(SCFI) since 2010, but there is not a consistent viewpoint on whether the container derivative will be bumper growth or not. The purpose of this paper is to research the volatility and tradability of container freight derivative, base on what, further infer the trend of container derivatives is that the container freight derivatives will not be widely used swiftly, but the trade of container freight derivatives for volatile shipping lines is likely to be developed.
Container freight derivatives Volatility Tradability Shanghai containerized freight index (SCFI)
Ying Wang Xiaoning Shi Weigang Zhang
Department of International Shipping and Logistics, Shanghai Jiao Tong University Dong chuan Road No.800, Shanghai, China
国际会议
北京
英文
149-153
2011-06-08（万方平台首次上网日期，不代表论文的发表时间）