Abstract The Real Options (RO) approach is a powerful tool for decision analysis in dynamic
or non-stationary stochastic settings, as it considers the value of decision flexibility under …

Financing shipping related investment projects has always been a focal area of debate and
research within the international maritime industry since access to funding can determine …

Alternative, and especially renewable, marine fuels are needed to reduce the environmental
and climate impacts of the shipping sector. This paper investigates the business case for …

Shipping freight rates are notoriously volatile and shipping investors are perceived to be risk
loving. The paper explores the stochastic properties of freight rates in the shipping industry …

We analyse empirically the drivers of freight market volatility. We use several
macroeconomic and shipping-related factors that are known to affect the supply and …

We examine the effects of geopolitical risk (GPR) and economic policy uncertainty (EPU) on
shipping freight rates using a Bayesian VAR model. A positive shock to global GPR has an …

As the dry bulk shipping market seems to have been stuck in a trough period for a long time,
investors need to pay more attention to their investment strategies to survive during this …

Relying on expanding bulk transportation capabilities and technological innovations, the
design and operation of dry bulk ships have significantly developed since the invention of …

This paper adopts a simple but valid value-at-risk (VaR) approach to measuring the risk in
the dry bulk shipping market by means of Baltic Dry Index (BDI). To have a better …

In one of the most capital-intensive industries in the world, the investment decisions of
container shipping companies, especially concerning new ships, are crucial to the success …