Financing ship** 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 second-hand vessel market has quite different dynamics than the market of the new-
building vessel, and highly complicated and conflicting criteria and many uncertainties affect …

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

This paper investigates the price volatility and trading volume relationship in the forward
freight agreement (FFA) market for dry bulk ships over the period 2007–2011. It is found that …

The time charter market for ships represents a classical example of the principal-agent
problem, where shipowners can opt to invest in energy efficient ships, yet any savings in fuel …

Tanker ship** is the primary means for the transportation of petroleum and petroleum
products around the world and thus plays a crucial role in the energy supply chain …

In this paper we set up the theoretical framework for the valuation of the Asian-style options
traded in the freight derivatives market. Assuming lognormal spot freight dynamics, we show …

Selecting appropriate LNG tankers is paramount in the maritime sector. Opting for suitable
second-hand LNG vessels is a significant and efficient strategy for managing transportation …

In lean and demand-responsive logistics systems, orders need to be delivered rapidly,
accurately, and reliably, even under demand uncertainty. Increasing burdens on the industry …