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.
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.