劳氏日报--运价交易一触即发11.07.12.docVIP

?The coming tipping point for freight trades 运价交易一触即发 Smaller players could play a key role in making widespread use of derivatives a reality 在实现衍生品的广泛应用中，较小规模的参与者可以发挥关键作用。 Colum Murphy - 星期二 12 /07/2011 Colum Murphy - 2011年7月12日星期二 COULD the Shanghai Shipping Freight Exchange Co provide the catalyst for container freight derivatives to take off once and for all, writes Colum Murphy in Hong Kong . Colum （《劳氏日报》驻香港记者），上海航运运价交易有限公司为集装箱运价衍生品的起飞提供了催化剂。  That a boost is needed is not in doubt. According to a recent report by Alphaliner, less than 40,000 teu has been traded in the past one-and-a-half years since the first container freight swap took place. 毫无疑问其需要一个助推器。据最近的Alphaliner报告，至第一笔集装箱运费掉期交易发生以来，在过去的一年半中，交易量不到4万TEU。 This was prior to the Shanghai launch of the SSEFC’s electronic trading platform for container derivatives last month. 但这一切都停留在一个月前上海推出SSEFC集装箱衍生品电子交易平台以前。 Given that trading volumes on the SSEFC were more than double at 101,000 teu in just the first four days of trading, it is certainly encouraging. 在短短的前四个交易日中，SSEFC的交易量就达到101000TEU，是之前的两倍多，这当然是令人鼓舞的。 For now, SSEFC is domestic focused, so no direct impact on the volume of container freight derivatives traded outside China is expected. Even so, it could provide an important psychological boost. The SSEFC “halo” effect, if you will. 目前SSEFC集中于国内市场，所以其对中国之外的集装箱运费衍生品交易的量没有直接影响，这是在预料之内的。即便如此，它仍可以提供重要的心理推动。或者你可以称之为SSEFC“晕轮”效应。 Clearly, the biggest challenge lies in changing the minds of the world’s leading shipping companies, most of whom are vehemently against the concept of box derivatives. 显然，最大的挑战在于改变世界领先航运公司的想法，他们中很大部分都强烈反对集装箱衍生品概念。 Here, there is some evidence that shipping companies might eventually come around. 这里有一些证据表明，船公司最终可能会转变其想法。 “Definitely, from where we were a year ago there has been a hundredfold more interest,” said Nadia Mirza of Clarksons Securities . “可以肯定的是，一年来对这个产品感兴趣的人数已经翻了一百倍，” 克拉克森证券有限公司的Nadia Mirza说。 “[Shipping companies] are not fools. They are looking at it, understandin