BOOKS | karatzas-marine

The International Handbook of Shipping Finance, Theory and Practice

edited by Professors Manolis G. Kavussanos and Ilias D. Visvikis

Palgrave MacMillan UK, November 2016; 430 pages, Hardcover ISBN 978-1-137-46545-0; eBook ISBN 978-1-137-46546-7

We are pleased to announce that our CEO, Mr. Basil M. Karatzas, has contributed the chapter titled "Public Debt Markets for Shipping" for the forthcoming reference shipping finance book "The International Handbook of Shipping Finance".

The chapter discusses, in detail, the function, workings and effectiveness of the public debt markets for the shipping industry.

While shipping companies traditionally had depended on shipping banks for

debt financing, pubic debt market have become more crucial. And, while

public equity markets had drawn most of the attention a decade ago for

public funding for shipping, public debt markets have become crucial as

shipping companies are looking beyond traditional shipping debt finance sources.

According to the publisher:

"The International Handbook of Shipping Finance is a one-stop resource, offering

comprehensive reference to theory and practice in the area of shipping finance. In the

multibillion dollar international shipping industry, it is important to understand the

various issues involved in the finance of the 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.

Edited by two leading academics in this area, and with contributions from 25

prominent market practitioners and academics over 16 chapters, this Handbook

covers shipping finance and banking, maritime financial management and investments.

As such, it includes: shipping markets; asset backed finance; shipbuilding finance;

debt finance; public and private equity and debt markets; structured finance; legal aspects

and key clauses of ship mortgages; marine insurance; mechanisms for handling defaulted

loans; investment appraisal and capital budgeting; financial analysis and investment

modelling; business risk management and freight derivatives; and mergers and acquisitions.

Thus, the Handbook offers a rigorous understanding of the different aspects of modern

shipping finance and maritime financial management and investments, the various

characteristics of the available products, the capital needs and requirements, and a clear

view on the different financial management strategies through a series of practical examples and applications. Technical where appropriate, but grounded in market reality, this is a “must-have” reference for anyone involved in shipping finance, from bank practitioners and commodity trading houses, to shipbrokers, lawyers and insurance houses as well as to university students studying shipping finance."

For more information or to buy the book, please visit the publisher's site.