Freight Derivatives and Risk Management in Shipping

This comprehensive guide explores risk analysis and management in the shipping industry, providing essential insights for professionals and students. Freight Derivatives and Risk Management in Shipping is a key resource.

This advanced practical textbook addresses the critical issue of risk analysis, measurement, and management within the shipping industry. It thoroughly identifies and analyzes various sources of risk that impact the shipping business, while exploring both traditional and modern strategies for risk management at the investment and operational levels. The comprehensive approach ensures that readers gain a deep understanding of the complexities involved in navigating financial risks in this sector.

In Freight Derivatives and Risk Management in Shipping, the distinct features of available freight derivative products are meticulously compared and contrasted. The book showcases practical applications of these derivatives through realistic examples, making complex concepts accessible. Many topics discussed within these pages are presented for the first time in the literature, establishing the book as a vital reference point for researchers and students alike. It serves as a valuable resource for both undergraduate and postgraduate students, as well as a practical manual for industry practitioners engaged in financial risk management.

The second edition has been thoroughly updated to reflect the numerous developments in the shipping industry since the first edition was published in 2006. New chapters cover essential topics such as Market Risk Measurement, Credit Risk and Credit Derivatives, and Statistical Methods to Quantify Risk. Shipowners, risk management officers, traders, and students will find this book indispensable for understanding how effective risk management and hedging tools can enhance competitiveness in the maritime business.