Uncertainty is central to business decision-making; not least in world shipping markets where
companies have collapsed overnight as a result of disastrous miscalculations of the risks …

This paper investigates the nature of seasonality (deterministic and/or stochastic) in dry bulk
freight rates, and measures and compares it across freight rates of different vessel sizes (…

The lead–lag relationship in both returns and volatilities between spot and futures markets
has been investigated extensively in the financial economics literature. Only a limited number …

This paper examines the dynamics of conditional volatilities in the world dry-bulk market for
second-hand ships. In particular, it models and compares volatility estimates between …

This paper investigates the causal relationship between futures and spot prices in the freight
futures market. Being a thinly traded market whose underlying asset is a service, sets it …

Volatility is examined as a measure of risk in the world tanker market for second hand ships.
In particular, the dynamics of time varying risks between different size vessels. The recently …

In an industry that is characterized by highly volatile prices, seasonality, strong business
cycles, cyclicality and capital intensiveness, risk management is extremely important. Ship-…

Financing shipping related investment projects has always been a focal area of debate and
research within the international maritime industry since access to funding can determine the …

… Kavussanos, Ph.D., Email: mkavus@aueb.gr … This new volume by Professors
Kavussanos and Visvikis is well timed, providing an ideal blend of theory and practice from …

The availability of shipping freight contracts with different duration offers shipowners, operators,
and charterers the choice to trade risk and return according to the characteristics that …