There are many strategies that a trader can utilise to cover the position they require.

One example is a spread, commonly a time spread within the same FFA product, so say a Capesize trader might wish to buy November at the exact same time and volume as they sell December, and this will count as one contract. 

More information about trading FFAs can be obtained from any FFA broker.

Education is provided by the Baltic Academy courses and advanced courses on freight risk management, presently covering ocean bulk and container.

Options trading is also considered an advanced trading strategy; please speak to your FFA broker to learn more.