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航运市场的不稳定性是产生运费率风险的主要原因.这种风险足以使投资者对航运业望而却步.基于这一事实,航运业需要采取有效策略以控制潜在的运费风险.降低运费风险可靠有效的措施就是使用金融衍生工具.解释作为金融衍生工具的运费期货为何可以很好地规避风险,从而航运部门可以使用金融衍生工具来对冲运费率风险.由于作为现货和期货价格不同点的基差和价格一样具有风险,有必要对套期保值战略进行阐述.在利用套期保值规避风险时可能会出现超额避险的情况,可以通过使用最小方差套期保值比率(Minimum Variance Hedge Ratio,MVHR)来避免超额避险.
The instability of the shipping market is the main reason for the freight rate risk, which is enough for investors to discourage the shipping industry. Based on this fact, the shipping industry needs to adopt effective strategies to control the potential freight risk. Is the use of financial derivatives to explain why as a financial derivative freight futures can be well avoided risks, so that shipping can use financial derivatives to hedge freight rate risk due to differences between the spot and the futures price basis and It is necessary to explain the strategy of hedging.When hedging risks are hedged, hedging may occur, which can be done by using the Minimum Variance Hedge Ratio (MVHR) Avoid excessive hedging.