Affinity船運(yùn)安排首筆LNG貨運(yùn)衍生品貿(mào)易

據(jù)天然氣工業(yè)7月19日消息稱(chēng)，Affinity船運(yùn)公司宣布，它已經(jīng)促成了首筆針對(duì)波羅的海交易所LNG現(xiàn)貨評(píng)估結(jié)算的LNG貨運(yùn)掉期。

根據(jù)該聲明，涉及道達(dá)爾天然氣電力公司和嘉能可的交易由Affinity金融產(chǎn)品公司在場(chǎng)外安排，并由交易對(duì)手雙方進(jìn)行雙邊交易。

Affinity聲稱(chēng)，去年冬天，由于船舶供應(yīng)緊張，租賃費(fèi)從上半年的平均5萬(wàn)美元/天提高到了2018年11月的20萬(wàn)美元/天以上。到今年3月，波羅的海BLNG1的評(píng)估價(jià)已降至每天近2萬(wàn)美元。隨著液化天然氣交易商尋求擴(kuò)大交易量，他們?cè)谶\(yùn)費(fèi)波動(dòng)中的風(fēng)險(xiǎn)敞口也在增加。

根據(jù)該聲明，波羅的海天然氣交易所的液化天然氣價(jià)格評(píng)估方法，利用獨(dú)立船舶經(jīng)紀(jì)商提交的報(bào)價(jià)，為某些關(guān)鍵貿(mào)易航線(xiàn)上的液化天然氣運(yùn)輸公司標(biāo)明定期租船等價(jià)價(jià)格。

波羅的海交易所首席執(zhí)行官馬克杰克遜表示：“波羅的海在基準(zhǔn)貨運(yùn)市場(chǎng)方面擁有30多年的經(jīng)驗(yàn)，我們的液化天然氣評(píng)估是我們一系列航運(yùn)市場(chǎng)數(shù)據(jù)中最新的一項(xiàng)。我們很高興該產(chǎn)品已被市場(chǎng)采用，市場(chǎng)認(rèn)可我們的指數(shù)生產(chǎn)過(guò)程的價(jià)值和質(zhì)量。我們期待著繼續(xù)與這個(gè)發(fā)展中市場(chǎng)的經(jīng)紀(jì)商和用戶(hù)合作，并預(yù)計(jì)未來(lái)兩條波羅的海液化天然氣航線(xiàn)(USG/East Coast UK和USG/Far East)將于今年晚些時(shí)候開(kāi)通?！?/span>

第一筆交易標(biāo)志著液化天然氣遠(yuǎn)期貨運(yùn)市場(chǎng)發(fā)展的一個(gè)重要里程碑。隨著波羅的海天然氣交易所即將發(fā)布更多的液化天然氣現(xiàn)貨航線(xiàn)評(píng)估，Affinity聲稱(chēng)，它預(yù)計(jì)雙方對(duì)雙邊貿(mào)易的需求將會(huì)增加。

吉布森補(bǔ)充說(shuō)：“最初的交易都是為了測(cè)試結(jié)算機(jī)制現(xiàn)在是時(shí)候嘗試一下，看看它們是如何工作的?！?/span>

“隨著人們對(duì)產(chǎn)品和市場(chǎng)的了解，JKM金融交易的強(qiáng)勁增長(zhǎng)以及對(duì)其他天然氣樞紐的利差將支撐對(duì)沖運(yùn)價(jià)的實(shí)際需求。”

曹海斌 摘譯自 天然氣工業(yè)

原文如下：

Affinity arranges first LNG freight derivatives trade

Affinity (Shipping) LLP has announced that it has facilitated the first LNG freight swap settled against the Baltic Exchange LNG spot assessments.

According to the statement, the trades involving Total Gas & Power and Glencore were arranged over-the-counter by Affinity Financial Products LLP and executed bilaterally by the counterparties.

Affinity claims that, last winter, tight vessel availability pushed charter rates from an average US$50 000/d during the first half of the year to above US$200 000/d during November 2018. By March this year, the Baltic BLNG1 assessment had decreased to nearly US$20 000/d. As LNG traders seek to build trade volumes, their exposure to this volatility in freight rates increases.

According to the statement, the Baltic Exchange’s LNG rate assessment methodology utilises submissions from independent shipbrokers to mark time charter equivalent rates for LNG carriers on certain, key trade lanes.

Baltic Exchange Chief Executive, Mark Jackson, said: “The Baltic has over 30 years of experience of benchmarking freight markets and our LNG assessments are the latest in our suite of shipping market data. We’re delighted that this product has been adopted by the market which has recognised the value and quality of our index production process. We look forward to continue working with brokers and users in this developing market and anticipate that the next two Baltic LNG routes (USG/East Coast UK and USG/Far East) will go live later in the year.”

This first trade signifies a key milestone in the development of an LNG forward freight market. With the Baltic Exchange set to release even more LNG spot route assessments, Affinity claims that it sees more appetite for bilateral trades.

Gibson added: “Initial trades are all about testing the settlement mechanism. Now is the time to try things and see how they work.

“The strong growth in financial trading of JKM and the spreads to other natural gas hubs will underpin the physical demand for hedging freight rates as understanding of the products and market develops.”