Derivatives and Risk Management in Shipping
This new volume is well timed, proving an ideal blend of theory and practice from two acknowledged experts in the field. The structure is thoroughly practical. In the first chapter the shipping business risks are examined; the second chapter explains what products are on offer; and the third deals with the use of freight derivatives for risk management. The remaining chapters cover bunkers, vessel values, residual values, foreign exchange and interest rates. A neat and well-rounded book that will help to spread the gospel of professionalism amongst existing traders and newcomers to the shipping definitives markets.