Freight Derivatives and Risk Management in Shipping
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 available freight derivative products are compared and contrasted between them. Practical applications of derivatives are showcased through realistic practical examples, while a number of concepts across the contents of this book appear for the first time in the literature. The book also serves as “the reference” point for researchers in the area, helping them to enhance their knowledge of risk management and derivatives in the shipping industry, but also to students at both undergraduate and postgraduate levels. Finally, it provides a comprehensive manual for practitioners wishing to engage in the financial risk management of maritime business. This second edition has been fully updated in order to incorporate the numerous developments in the industry since its first edition in 2006. New chapters have been introduced on topics such as Market Risk Measurement, Credit Risk and Credit Derivatives, and Statistical Methods to Quantify Risk. Furthermore, the second edition of this book builds upon the successful first edition which has been extensively (i) taught in a number of Universities around the world and (ii) used by professionals in the industry.

Shipowners, professionals in the shipping industry, risk management officers, credit officers, traders, investors, students and researchers will find the book indispensable in order to understand how risk management and hedging tools can make the difference for companies to remain competitive and stay ahead of the rest.

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Freight Derivatives and Risk Management in Shipping
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 available freight derivative products are compared and contrasted between them. Practical applications of derivatives are showcased through realistic practical examples, while a number of concepts across the contents of this book appear for the first time in the literature. The book also serves as “the reference” point for researchers in the area, helping them to enhance their knowledge of risk management and derivatives in the shipping industry, but also to students at both undergraduate and postgraduate levels. Finally, it provides a comprehensive manual for practitioners wishing to engage in the financial risk management of maritime business. This second edition has been fully updated in order to incorporate the numerous developments in the industry since its first edition in 2006. New chapters have been introduced on topics such as Market Risk Measurement, Credit Risk and Credit Derivatives, and Statistical Methods to Quantify Risk. Furthermore, the second edition of this book builds upon the successful first edition which has been extensively (i) taught in a number of Universities around the world and (ii) used by professionals in the industry.

Shipowners, professionals in the shipping industry, risk management officers, credit officers, traders, investors, students and researchers will find the book indispensable in order to understand how risk management and hedging tools can make the difference for companies to remain competitive and stay ahead of the rest.

86.99 In Stock
Freight Derivatives and Risk Management in Shipping

Freight Derivatives and Risk Management in Shipping

Freight Derivatives and Risk Management in Shipping

Freight Derivatives and Risk Management in Shipping

Paperback(2nd ed.)

$86.99 
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Overview

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 available freight derivative products are compared and contrasted between them. Practical applications of derivatives are showcased through realistic practical examples, while a number of concepts across the contents of this book appear for the first time in the literature. The book also serves as “the reference” point for researchers in the area, helping them to enhance their knowledge of risk management and derivatives in the shipping industry, but also to students at both undergraduate and postgraduate levels. Finally, it provides a comprehensive manual for practitioners wishing to engage in the financial risk management of maritime business. This second edition has been fully updated in order to incorporate the numerous developments in the industry since its first edition in 2006. New chapters have been introduced on topics such as Market Risk Measurement, Credit Risk and Credit Derivatives, and Statistical Methods to Quantify Risk. Furthermore, the second edition of this book builds upon the successful first edition which has been extensively (i) taught in a number of Universities around the world and (ii) used by professionals in the industry.

Shipowners, professionals in the shipping industry, risk management officers, credit officers, traders, investors, students and researchers will find the book indispensable in order to understand how risk management and hedging tools can make the difference for companies to remain competitive and stay ahead of the rest.


Product Details

ISBN-13: 9780367360726
Publisher: Taylor & Francis
Publication date: 04/30/2021
Series: Routledge Maritime Masters
Edition description: 2nd ed.
Pages: 554
Product dimensions: 6.88(w) x 9.69(h) x (d)

About the Author

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.

Table of Contents

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

 

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