Forward contractIn finance, a forward contract, or simply a forward, is a non-standardized contract between two parties to buy or sell an asset at a specified future time at a price agreed on in the contract, making it a type of derivative instrument. The party agreeing to buy the underlying asset in the future assumes a long position, and the party agreeing to sell the asset in the future assumes a short position.
Baltic ExchangeThe Baltic Exchange (incorporated as The Baltic Exchange Limited) is a British financial services company and membership organisation for the maritime industry, and freight market information provider for the trading and settlement of chartering and derivative contracts. Situated since Edwardian times at 24-28 St Mary Axe in the City of London, the building was destroyed by a bomb in 1992.
European Energy ExchangeEuropean exchange EEXEuropean Energy Exchange AGTypePhysical commodity and derivates exchange (energy)LocationLeipzig, GermanyCoordinates51°20′17″N 12°22′45″E / 51.3379628°N 12.3790781°E / 51.3379628; 12.3790781Founded2002Key peopleTobias Paulun (CEO)Götz Dittrich (COO)Steffen Köhler (CCO)Jens Rick (CIO)Anja Kiessling (CFO)CurrencyEURCommoditiesElectric powerNatural gasCO2 Emission AllowancesGuarantees of OriginWebsitewww.eex.com European Energy Exchange (EEX) AG is a central European electric power and related commodities exchange located in Leipzig, Germany.
Tanker (ship)A tanker (or tank ship or tankship) is a ship designed to transport or store liquids or gases in bulk. Major types of tanker ship include the oil tanker (or petroleum tanker), the chemical tanker, cargo ships, and a gas carrier. Tankers also carry commodities such as vegetable oils, citrus juice, molasses, and wine.
Hedge (finance)Investment position used to offset potential losses in another asset A hedge is an investment position intended to offset potential losses or gains that may be incurred by a companion investment. A hedge can be constructed from many types of financial instruments, including stocks, exchange-traded funds, insurance, forward contracts, swaps, options, gambles, many types of over-the-counter and derivative products, and futures contracts.
Over-the-counter (finance)Over-the-counter (OTC) or off-exchange trading or pink sheet trading is done directly between two parties, without the supervision of an exchange. It is contrasted with exchange trading, which occurs via exchanges. A stock exchange has the benefit of facilitating liquidity, providing transparency, and maintaining the current market price. In an OTC trade, the price is not necessarily publicly disclosed.
CapesizeCapesize ships are the largest dry cargo ships with ball mark dimension: about 170,000 DWT (deadweight tonnage) capacity, 290 m (950 ft) long, 45 m (148 ft) beam (wide), 18 m (59 ft) draught (under water depth). They are too large to transit the Suez Canal (Suezmax limits) or Panama Canal (Neopanamax limits), and so have to pass either Cape Agulhas or Cape Horn to traverse between oceans.
PanamaxPanamax and New Panamax (or Neopanamax) are the size limits for ships traveling through the Panama Canal. The limits and requirements are published by the Panama Canal Authority (ACP) in a publication titled "Vessel Requirements". These requirements also describe topics like exceptional dry seasonal limits, propulsion, communications, and detailed ship design.
HandymaxHandymax and Supramax are naval architecture terms for the larger bulk carriers in the Handysize class. Handysize class consists of Supramax (50,000 to 60,000 DWT), Handymax (40,000 to 50,000 DWT), and Handy (<40,000 DWT). The ships are used for less voluminous cargoes, and different cargoes can be carried in different holds. Larger capacities for dry bulk include Panamax, Capesize and Very Large Ore Carriers and Chinamax.
Volatility (finance)In finance, volatility (usually denoted by "σ") is the degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns. Historic volatility measures a time series of past market prices. Implied volatility looks forward in time, being derived from the market price of a market-traded derivative (in particular, an option).Clearing house (finance)A clearing house, often written as clearinghouse, is a financial institution formed to facilitate the exchange (i.e., clearance) of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or participants). Its purpose is to reduce the risk of a member firm failing to honor its trade settlement obligations. A clearing house provides emergency lending and assists banks when they need help.
Bulk cargoBulk cargo is productcargo that is transported unpackaged in large quantities. DescriptionBulk cargo refers to material in either liquid or granular, particulate (as a mass of relatively small solids) form, such as petroleum/crude oil, grain, coal, or gravel. This cargo is usually dropped or poured, with a spout or shovel bucket, into a bulk carriership's hold, railroad car/railway wagon, or tanker truck/trailer/semi-trailer body.
Baltic ExchangeThe Baltic Exchange (incorporated as The Baltic Exchange Limited) is a British financial services company and membership organisation for the maritime industry, and freight market information provider for the trading and settlement of chartering and derivative contracts. Situated since Edwardian times at 24-28 St Mary Axe in the City of London, the building was destroyed by a bomb in 1992.European Energy ExchangeEuropean exchange EEXEuropean Energy Exchange AGTypePhysical commodity and derivates exchange (energy)LocationLeipzig, GermanyCoordinates51°20′17″N 12°22′45″E / 51.3379628°N 12.3790781°E / 51.3379628; 12.3790781Founded2002Key peopleTobias Paulun (CEO)Götz Dittrich (COO)Steffen Köhler (CCO)Jens Rick (CIO)Anja Kiessling (CFO)CurrencyEURCommoditiesElectric powerNatural gasCO2 Emission AllowancesGuarantees of OriginWebsitewww.eex.com European Energy Exchange (EEX) AG is a central European electric power and related commodities exchange located in Leipzig, Germany.Tanker (ship)A tanker (or tank ship or tankship) is a ship designed to transport or store liquids or gases in bulk. Major types of tanker ship include the oil tanker (or petroleum tanker), the chemical tanker, cargo ships, and a gas carrier. Tankers also carry commodities such as vegetable oils, citrus juice, molasses, and wine.Hedge (finance)Investment position used to offset potential losses in another asset A hedge is an investment position intended to offset potential losses or gains that may be incurred by a companion investment. A hedge can be constructed from many types of financial instruments, including stocks, exchange-traded funds, insurance, forward contracts, swaps, options, gambles, many types of over-the-counter and derivative products, and futures contracts.Over-the-counter (finance)Over-the-counter (OTC) or off-exchange trading or pink sheet trading is done directly between two parties, without the supervision of an exchange. It is contrasted with exchange trading, which occurs via exchanges. A stock exchange has the benefit of facilitating liquidity, providing transparency, and maintaining the current market price. In an OTC trade, the price is not necessarily publicly disclosed.CapesizeCapesize ships are the largest dry cargo ships with ball mark dimension: about 170,000 DWT (deadweight tonnage) capacity, 290 m (950 ft) long, 45 m (148 ft) beam (wide), 18 m (59 ft) draught (under water depth). They are too large to transit the Suez Canal (Suezmax limits) or Panama Canal (Neopanamax limits), and so have to pass either Cape Agulhas or Cape Horn to traverse between oceans.PanamaxPanamax and New Panamax (or Neopanamax) are the size limits for ships traveling through the Panama Canal. The limits and requirements are published by the Panama Canal Authority (ACP) in a publication titled "Vessel Requirements". These requirements also describe topics like exceptional dry seasonal limits, propulsion, communications, and detailed ship design.HandymaxHandymax and Supramax are naval architecture terms for the larger bulk carriers in the Handysize class. Handysize class consists of Supramax (50,000 to 60,000 DWT), Handymax (40,000 to 50,000 DWT), and Handy (<40,000 DWT). The ships are used for less voluminous cargoes, and different cargoes can be carried in different holds. Larger capacities for dry bulk include Panamax, Capesize and Very Large Ore Carriers and Chinamax.Volatility (finance)In finance, volatility (usually denoted by "σ") is the degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns. Historic volatility measures a time series of past market prices. Implied volatility looks forward in time, being derived from the market price of a market-traded derivative (in particular, an option).Clearing house (finance)A clearing house, often written as clearinghouse, is a financial institution formed to facilitate the exchange (i.e., clearance) of payments, securities, or derivatives transactions. The clearing house stands between two clearing firms (also known as member firms or participants). Its purpose is to reduce the risk of a member firm failing to honor its trade settlement obligations. A clearing house provides emergency lending and assists banks when they need help.Bulk cargoBulk cargo is productcargo that is transported unpackaged in large quantities. DescriptionBulk cargo refers to material in either liquid or granular, particulate (as a mass of relatively small solids) form, such as petroleum/crude oil, grain, coal, or gravel. This cargo is usually dropped or poured, with a spout or shovel bucket, into a bulk carriership's hold, railroad car/railway wagon, or tanker truck/trailer/semi-trailer body.*As an Amazon Associate I earn from qualifying purchases.