The purpose of this thesis is to investigate the risk and return characteristics of the shipping business. Shipping profitability and returns are evaluated and an analysis is performed to examine whether the returns are adequate to compensate the amount of risk the investor is bearing....

This dissertation develops structural models for analyzing shipping investment decisions, namely ordering, scrapping and lay-up decisions in the tanker industry. We develop models, based on a microeconomic specification, that allow us to understand the dynamics of shipping investment decisions...

The internet-based business (e-business) activities have become a new technological challenge to the container shipping industry (CSI) in recent years. Despite the growing importance of e-business in the CSI, little systematic and theoretical research on e-business has been undertaken so far....

The value of virtually any contract or asset in bulk shipping depends primarily on the stochastic dynamics of the forward freight rate curve. In the absence of a liquid and transparent market for forward freight agreements, the dynamics of the forward freight rate curve must be derived from the...