2nd Edition

Freight Derivatives and Risk Management in Shipping

554 Pages 144 B/W Illustrations
by Routledge

554 Pages 144 B/W Illustrations
by Routledge

554 Pages 144 B/W Illustrations
by Routledge

This advanced practical textbook deals with the issue of risk analysis, measurement and management in the shipping industry. It identifies and analyses the sources of risk in the shipping business and explores in detail the “traditional” and “modern” strategies for risk management at both the investment and operational levels of the business. The special features and characteristics of all... Read more

1. Introduction to the shipping markets and their empirical regularities  2. Business risks analysis in shipping and traditional risk management strategies  3. Introduction to financial derivatives  4. Freight market information and freight rate indices  5. Freight rate derivatives  6. Applications of FFAs, pricing and risk management of FFA positions  7. Applications of freight options  8. Market risk measurement and management in shipping markets  9. Bunker price derivatives  10. Vessel value derivatives  11. Foreign exchange derivatives  12. Interest rate derivatives  13. Credit risk and credit derivatives  14. Statistical tools for risk management in shipping

 

Biography

Manolis G. Kavussanos is Professor of Finance at Athens University of Economics and Business (AUEB), Greece. He is the Founder and Director of the MSc program in International Shipping, Finance and Management and of the Laboratory with the same name at AUEB.

Dimitris A. Tsouknidis is Associate Professor of Finance with emphasis in Shipping at Athens University of Economics and Business (AUEB), Greece.

Ilias D. Visvikis (2020†) was Professor of Finance and Founding Director of the Executive Education Department of the American University of Sharjah (AUS), United Arab Emirates.