u/ProfessionalLine9115

I'm looking into freight trading roles and trying to understand how people actually manage risk day to day.

From what I’ve read, there’s a mix of physical exposure (time charters vs spot) and financial hedging (FFAs), but I’m struggling to understand how portfolios are structured in practice.

For those working in freight trading:

• How do you think about balancing TC coverage vs spot exposure?
• How actively do you hedge with FFAs vs letting positions run?
• Are there common portfolio structures or is it more discretionary?
• Any examples of how you adjust positioning when volatility picks up?

Not looking for any trade secrets - just trying to get a more realistic picture beyond academic research. Thanks in advance!