The International Handbook of Shipping Finance [electronic resource] : Theory and Practice /
Kavussanos, Manolis G.editor.
Visvikis, Ilias D.editor.
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. .
Includes bibliographical references at the end of each chapters and index.
Preface; Manolis Kavussanos and Ilias Visvikis -- 1. Shipping Markets and their Economic Drivers; Jan-Henrik Huebner -- 2. Asset Risk Assessment, Analysis and Forecasting in Asset Backed Finance; Henriette Brent Petersen -- 3. Overview of Ship Finance; Fotis Giannakoulis -- 4. Shipbuilding Finance; Charles Cushing -- 5. Debt Financing in Shipping; George Paleokrassas -- 6. Public Debt Markets for Shipping; Basil Karatzas -- 7. Public and Private Equity Markets; Jeffrey Pribor and Cecilie Lind -- 8. Structured Finance in Shipping; Ioannis Alexopoulos, Director and Nikos Stratis -- 9. Key Clauses of a Shipping Loan Agreement; Kyriakos Spoullos -- 10. Legal Aspects of Ship Mortgages; Simon Norton and Claudio Chistè -- 11. Reasons and Mechanics of Handling Defaulted Shipping Loans and Methods of Recovery; Dimitris Anagnostopoulos and Philippos Tsamanis -- 12. Marine Insurance; Marc Huybrechts and Theodora Nikaki -- 13. Maritime Investment Appraisal and Budgeting; Wolfgang Drobetz, Stefan Albertijn and Max Johns -- 14. Financial Analysis and Modelling of Ship Investments; Lars Patterson -- 15. Maritime Business Risk Management; Manolis Kavussanos and Ilias Visvikis -- 16. Mergers and Acquisitions in Shipping; George Alexandridis and Manish Singh.
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. .
Capital market.
Risk management.
Insurance.
Investment banking.
Securities.
Capital investments.
Capital Markets.
Risk Management.
Insurance.
Investments and Securities.
Investment Appraisal.