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 investment and operational levels of the business.

Finance is at the heart of global industries and shipping is no exception. This book takes the guesswork out of financial planning, delivering professionally reviewed guidance on markets, cycles, sources, options and security, from both sides of the financing fence.

It uses historical and theoretical analysis as the framework for a practical explanation of how shipping works today

Focuses on the latest developments in the field and experiences and views from state-of-the-art projects, solutions and structures

Originally published in 1998, the third edition of Maritime Economics provides a valuable introduction to the organisation and workings of the global shipping industry. The author outlines the economic theory as well as many of the operational practicalities involved.

Offers comprehensive reference to theory and practice in the area of shipping finance. Looks at various issues involved in the finance of the shipping 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.