"This advanced practical textbook deals with the issue of risk analysis, measurement and management in the shipping industry. It identifies and analyses the sources of risk in the shipping business and explores in detail the "traditional" and "modern" strategies for risk management at both the...

Risk management in an industry which is characterized by high volatility in prices, seasonality, strong business cycles, cyclicality and capital intensiveness is extremely important. Shipowners face numerous risks in relation to fluctuations in freight rates, bunker rates, interest rates,...

This paper investigates the issue of market risk quantification for emerging and developed market equity portfolios. A very wide spectrum of popular and widely used in practice Value at Risk (VaR) models are evaluated and compared with Extreme Value Theory (EVT) and adaptive filtered models,...