KARATZAS MARINE ADVISORS & Co.
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
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.