Study On Bunker Price Risk Response Strategy Of S Shipping Company’s VLOC Project

The shipping industry as a national strategic industry,plays crucial role in the medium and long term strategic of ―The Belt and Road‖ of China.Today’s shipping industry faces fierce competition and a record low market index.In nowadays depressed environment for a long time,and as the growth of the international oil price and crew salary,port disbursement and high shipping repair maintenance fees causes a sharp raise in the cost of shipping companies,leads whom for huge challenges.S Shipping company,who as leading enterprises in Shandong province is one of the important characters in blue economic zone in Shandong province,is also the important supporting power of national shipping power strategy.Due to oversupply of ships,too many new-building orders,slow global economic recovery,shipping market will remain weak fand shipping companies will face continuous small-profit market situation for next several years.A lower level of freight lead the shipping enterprises to pay high sight on cost control,since oil prices costs are in a huge proportion of the variable cost of shipping companies,so the cost of oil price control is particularly important.The VLOC project of S Shipping company is a key profitable project,the cost control of fuel plays a vital role.If can predict the price of oil fluctuates,the right time is locked future fuel oil prices,which can improve the core competitiveness of the enterprise,the profitability of key projects.In Chapter 1,introduce the background and meaning of the topic,the present situation of the research inboard and outboard,and the main frame of the thesis.In Chapter 2,the related theoretical basis,the risk control and the oil prices volatility factors.And in Chapter 3,describe the basic profile of the S shipping company and the fuel risk control situation and existing problems of the VLOC project.Then in Chapter 4,the company’s existing fuel price risk control and constructive fuel price risk control countermeasures.The last,in Chapter 5,summarize the thesis.