去年年中,中远在租用船舶业务上赚得盆满钵满,于是,该公司将筹码翻倍,押注租船费将上升,并买入远期运费协议。
Halfway through last year it was sitting on big gains on chartered-in vessels, so it doubled up the bet that charter costs would rise and went long FFAs.
中远这样的企业经常卖出远期运费协议,以覆盖不得不以低于自己租船的费率转租船舶的风险。
Companies such as Cosco often sell FFAs to cover the risk that they might have to sub-charter vessels at lower rates than they are themselves chartering them.
所有指数均有所上升,其中定期租船指数前景尤为可观,但远期走势曲线表明将来销售能力的上升将导致运价下跌。
All indices have strengthened with the time-charters showing much promise, but the forward curves reflect more capacity selling in the future leading to lower rates.
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