This half day course is for bunker buyers, traders and suppliers wishing to understand how IMO 2020 may affect the hedging of bunker fuel prices as the ‘old’ contract disappear and ‘new’ ones emerge.
Attendees will learn best practices in bunker fuel price risk management, using new low sulphur fuel oil contracts and gasoil contracts as well as basis risk between ports and how to manage regional discrepancies.
Mikal is a senior executive with 28 years’ experience in shipping, technology and commodities; with particular focus on risk management.
Prior to starting CORE-POWER in 2016, Mikal served as Chief Risk Officer and Director in charge of Singapore office for Thoresen Thai Agencies (BKK:TTA) an Asian industrial group stock listed in Thailand. He previously served as Chief Risk Officer for Eagle Bulk Shipping (NASDAQ:EGLE)in Singapore and New York; and spent many years at IMAREX, the first regulated marketplace for freight derivatives.
Several unique new businesses were started by Mikal, including bunkerworld.com (1997) sold to S&P Platts in 2013, Cleartrade Exchange, now part of the EEX and owned by Deutsche Boerse and CORE-POWER - established to spearhead the development of a commercial market for the ‘Liquid Fluoride Thorium Reactor’ in transport and industry.