The publication of this book is timely - at the time of writing we are
in the midst of very troubled times for the dry-bulk shipping markets.
Falling demand for dry commodities, an oversupply of ships and a freeze
in credit have seen daily hire rates for bulk carriers drop from
all-time highs to near all-time lows within the space of a few months.
From freight rates to bunker prices, credit risk to asset values, the
financial risks faced by shipping market participants are significant.