SHIPPING DERIVATIVES AND RISK MANAGEMENT
Author(s) | Amir Alizadeh, Nikos Nomikos |
Publisher | Palgrave Macmillan |
Date | 2009 |
Pages | 256 |
Format | |
Size | 2 Mb |
D O W N L O A D |
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.
The book provides readers with a proper understanding of the measurement process and on how to manage the volatility of the freight rate; the information in the book will also let the reader explore the options that are available to the professionals of the shipping industry. The authors have made a brilliant compilation of the thorough investigation of the markets conducted y the recognized experts.
That is why this volume is a must-have for both practitioners and researchers. Their efforts resulted in a truly unique publication combining both theoretical and practical aspects or the risk management, the readers who have gone through the material included in the book will get some essential knowledge of risk assessment and be enabled to understand all major freight derivatives tools.
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