Bunker swaps pricing across Europe and Singapore added to Braemar Screen

International shipbroker Braemar Plc on Thursday (20 July) announced the addition of live derivatives pricing across European and Singaporean fuel oil and gasoil markets on Braemar Screen. 

Braemar Screen is a trading tool for Forward Freight Agreements (FFA) derivatives, generating more than two million data points per day.

Braemar said bunkers are typically a ship’s largest variable cost and reducing price exposure via swaps is one of the most effective ways to provide certainty of voyage costs. 

“This development will enable traders to make more informed decisions based on real-time market data, and to improve the efficiency of their bunker fuel hedging activities,” it said in a statement. 

As well as helping shipping clients to hedge their bunker fuel exposure, Braemar’s Oil Derivatives desk works with refineries, trading companies, banks, and hedge funds across the globe.

“Oil prices remain at the mercy of an uncertain economic and geopolitical environment. Using the Braemar Screen, you can view real-time price changes in reaction to news events, inform your hedging decisions in a timely manner, and create value in all trading environments,” the firm added. 

Rebecca Reed-Sperrin, Braemar’s Head of Oil Derivatives, said, “Our Oil Derivatives desk is continuously looking for new ways to add value for our clients. So, including fuel oil and gasoil on the shipping market’s leading platform for price discovery and trade execution was a natural next step.

“Through Braemar Screen our clients will have access to a wide range of value-adding features, such as live pricing, historic price charting and live industry news. These tools will enable them to make better informed, timely trading decisions and further enhance their ability to manage their oil exposure.”

Sander Bots, Director of Braemar Securities, said, “When it launched in 2020, Braemar Screen made history by streamlining the pre-execution process of trading dry cargo FFAs, and bringing new levels of price transparency to an opaque corner of the shipping market. The integration of oil derivatives onto the Braemar Screen platform will enable our clients to further optimise their trading and risk management strategies.”

Photo credit: Braemar
Published: 21 July, 2023