Abstract
Recent years have seen a remarkable de-coupling of ship values and ocean freight rates. To a considerable extent this was a result of the increased speculative activity in the ship S&P market. In an interesting article on financial gearing in the June 1990 issue of Lloyds Shipping Economist it was correctly argued that:
...ships have increasingly become a self-contained index of value ... and their prices have been dictated as much by the expectations of speculators and their access to liquidity as by genuine supply/demand considerations...
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Bibliography
Devanney, J.W., Marine Decisions Under Uncertainty, MIT Sea Grant Project Office, Report # MITSG 71-7, Index # 71-107-Nte.
Frankel, E.G., Port or Shipping Project Appraisal Under Risk, Maritime Policy and Management, 1989, Vol. 16, No 3.
Hertz, D.B. and H. Thomas, Risk Analysis, J. Wiley and Sons, 1983.
Hertz, D.B. and H. Thomas, Practical Risk Analysis, J. Wiley and Sons, 1984.
Klausner, R., The Evaluation of Risk in Marine Capital Investments, Marine Technology, 1970, Vol. 7, No 4.
Pouliquen, L.Y., Risk Analysis in Project Appraisal, World Bank Staff Occasional Papers #11, 1970.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1993 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Haralambides, H.E. (1993). Sensitivity Analysis of Risk in Shipping Finance. In: Gwilliam, K.M. (eds) Current Issues in Maritime Economics. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-8153-0_11
Download citation
DOI: https://doi.org/10.1007/978-94-015-8153-0_11
Publisher Name: Springer, Dordrecht
Print ISBN: 978-90-481-4222-4
Online ISBN: 978-94-015-8153-0
eBook Packages: Springer Book Archive