The shipping industry is going through a period of accelerating evolution with the increasing demands of regulation, clean fuel pressure and changing oil markets. Shipping firms must adapt and use all management tools available to manage costs and maximise revenue. Hedging is just one of these tools.
Without the necessary experience internally, shippers have been reluctant to use hedging as a cost management tool as traditionally the derivatives market has been opaque. Onyx has flipped this on its head and put the control in your hands. Through partnering with Onyx you can correctly quantify your risk, have a well managed strategy locked down to manage this risk and execute your strategy cost efficiently. All whilst having complete transparency over market pricing.
Onyx can also assist with your ESG strategy and carbon offsetting as we the world continues its transition to net zero.