The International Handbook of Shipping Finance
Theory and Practice

Editors: Manolis G. Kavussanos, Ilias D. Visvikis



Combines the theory and practice of shipping derivatives, covering all possible aspects of the topic  

Features the leading practitioners and academics in this area

Appeals to practitioners across shipping, finance, insurance and law, who want to understand the different aspects of the business and how they impact each other

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.

Table of contents

Front Matter
Pages i-xlii

Shipping Markets and Their Economic Drivers
Pages 1-39

Asset Risk Assessment, Analysis and Forecasting in Asset Backed Finance
Pages 41-69

Overview of Shipping Finance
Pages 71-94

Shipbuilding Finance
Pages 95-124

Debt Financing in Shipping
Pages 125-145

Public Debt Markets for Shipping
Pages 147-168

Public and Private Equity Markets
Pages 169-189

Structured Finance in Shipping
Pages 191-211

Key Clauses of a Shipping Loan Agreement
Pages 213-229

Legal Aspects of Ship Mortgages
Pages 231-252

Mechanics of Handling Defaulted Shipping Loans and the Methods of Recovery
Pages 253-266

Marine Insurance
Pages 267-283

Maritime Investment Appraisal and Budgeting
Pages 285-313

Financial Analysis and the Modeling of Ship Investment
Pages 315-335

Maritime Business Freight Risk Management
Pages 337-370

Mergers and Acquisitions in Shipping
Pages 371-413

Back Matter
Pages 415-430

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