"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...

About the Editors -- Book Chapter Reviewers -- Preface -- Contents -- About the Contributors -- List of Abbreviations -- List of Figures -- List of Tables -- 1: Shipping Markets and Their Economic Drivers -- 1.1 An Introduction to Shipping -- 1.1.1 The Maritime Value Chain -- 1.1.1.1 Ship Owner...

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,...