Hi, I have a simple yet complicated question which might be interesting and useful to discuss because of current extraordinarily high shipping rates and congestion problems in some of the biggest ports around the world.
How are freight brokers and traders using derivatives to lock their shipping prices? Are you using them? Can they be used as a speculative investment as well? I don't know anything about them, and I thought that a well formed contract with additional clauses about demurrage costs will be sufficient enough when discussing and arranging a delivery involving maritime vehicles.
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