Ship Price Risk and Risk Management

Amir H. Alizadeh and Nikos K. Nomikos
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Amir H. Alizadeh: Cass Business School, City University
Nikos K. Nomikos: Cass Business School, City University

Chapter 13 in Shipping Derivatives and Risk Management, 2009, pp 425-450 from Palgrave Macmillan

Abstract: Abstract Investors in shipping markets have always been faced with important and difficult decisions about timing of investment and divestment because of the complex and volatile nature of the shipping industry. Volatility of ship prices has also been of concern to banks, shipyards and shipping companies, because changes in ship prices over short periods of time have serious impact on their businesses. For this reason, banks financing ships, investors providing equity to shipowners and operators, shipyards building new ships, and asset players in shipping markets all tend to monitor the volatility of the market for ships and incorporate such information in their lending, investment, portfolio construction and divestment decisions.

Keywords: Risk Management; Price Volatility; Sharpe Ratio; Weighted Portfolio; Freight Rate (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23580-9_13

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DOI: 10.1057/9780230235809_13

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