Oil prices challenging freighter operators

RATHER than trying to beat the market every quarter, freighter operators should devise a suitable oil price risk management policy, says oil risk manager Michael Poulsen.
"It is important for freighter operators to have a suitable risk-management strategy and policy to mitigate risks. It is also very important to get an overview of what the current risks are if prices increase," explains Poulsen from Denmark-based consultancy Global Risk Management. 
"We try to advise businesses to look at their risk exposure and identify whether the risk is too great or could influence bottom lines in a significant way. Even though prices may not move much, it could be an idea to simply lock-in and protect your margins and focus on your core business, instead of speculating what the prices are going to be."
Read Michael’s full oil forecast in the 16 December issue of Freighters World.
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