我国集装箱运价保值的市场架构

Market Frame of Freight Keeping for Container Transportation

集装箱运价的波动使得探讨运费保值的方法成为运输各方关注的重要问题。针对国际集装箱运输市场的特点,并借鉴国际上创设的多种运费衍生市场的经验,提出了集装箱运费保值市场的双层构架：创设以做市商为中心的、零售性质的远期运费合同市场,以利于中小型外贸公司、货代公司和船公司规避运价的不确定性,并建立集装箱远期运价协议市场,以便做市商、大货主和大船运公司在衍生市场进行运费保值。

Because of the fluctuation on the freight, freight keeping has been an important issue concerned by all parties in container transportation. In the light of the natures of container transportation and the experience of the freight derivatives established abroad, this paper presents a market frame of freight keeping for container transportation, i.e. creating a retail＇ market of Forward Freight Contract centralized by market makers to help small or medium foreign trade firms, forwarders and shipping lines to avoid price uncertainty, and meanwhile establishing market of Forward Freight Agreement to help market maker, large companies and shippers to hedge freight.