Valuation of the Extension Option in Time Charter Contracts in the LNG Market

Valuation of the Extension Option in Time Charter Contracts in the LNG Market

A rapid transition toward a decarbonized economy is underway, following the Paris Agreement and the International Maritime Organization 2030 decarbonization goals. However, due to the high cost of the rapid transition to eco-friendly energy and the geopolitical conflict in eastern Europe, liquefied...

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Bibliographic Details
Main Authors: Sangseop Lim, Chang-hee Lee, Won-Ju Lee, Junghwan Choi, Dongho Jung, Younghun Jeon
Format: Article
Language:English
Published: MDPI AG 2022-09-01
Series:Energies
Subjects:
LNG market
time charter
period extension option
option valuation
machine learning
Black–Scholes
Online Access:https://www.mdpi.com/1996-1073/15/18/6737

Internet

https://www.mdpi.com/1996-1073/15/18/6737

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