The International Handbook of Shipping Finance ─ Theory and Practice

The International Handbook of Shipping Finance is a one-stop resource, offering comprehensive reference to theory and practice in the area of shipping finance. In the multibillion dollar international shipping industry, it is important to understand the various issues involved in the finance of the sector. This involves the identification and evaluation of the alternative sources of capital available for financing the ships, including the appraisal and budgeting of shipping investment projects; legal and insurance aspects of ship finance; the financial analysis and modelling of investment projects; mergers and acquisitions; and the commercial and market risk management issues involved.

Edited by two leading academics in this area, and with contributions from 25 prominent market practitioners and academics over 16 chapters, this Handbook covers shipping finance and banking, maritime financial management and investments. As such, it includes: shipping markets; asset backed finance; shipbuilding finance; debt finance; public and private equity and debt markets; structured finance; legal aspects and key clauses of ship mortgages; marine insurance; mechanisms for handling defaulted loans; investment appraisal and capital budgeting; financial analysis and investment modelling; business risk management and freight derivatives; and mergers and acquisitions. Thus, the Handbook offers a rigorous understanding of the different aspects of modern shipping finance and maritime financial management and investments, the various characteristics of the available products, the capital needs and requirements, and a clear view on the different financial management strategies through a series of practical examples and applications. Technical where appropriate, but grounded in market reality, this is a “must-have” reference for anyone involved in shipping finance, from bank practitioners and commodity trading houses, to shipbrokers, lawyers and insurance houses as well as to university students studying shipping finance. 

 

 

Manolis G. Kavussanos is Professor at Athens University of Economics and Business (AUEB), Greece, Director of the MSc program in International Shipping, Finance and Management and of the Laboratory for Finance since inception, member of the steering committees of the MSc program in Accounting and Finance (A&F) and has been the Director of the MSc and PhD programs in A&F at AUEB for five years.

Ilias D. Visvikis is Professor of Shipping Finance and Risk Management, and Director of Executive Education and Professional Development at World Maritime University (WMU) founded by the International Maritime Organization (IMO), and also co-Director of the Postgraduate Diploma in Executive Maritime Management jointly delivered by WMU and DNV GL.