Ναυτιλιακή χρηματοδότηση και ναυτιλιακά παράγωγα
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Keywords
Θαλάσσιο εμπόριο ; Χρηματοδότηση ; Ναυτιλιακές επιχειρήσεις ; Ναυτιλιακά παράγωγα ; Sea trade ; Financing ; Shipping companies ; Shipping derivativesAbstract
Maritime industry may be one of the most competitive markets on the side of the
requisite funds as well as the great volatility, the doubts and freight rates that dominate
maritime transport and freight rates. It is about a capital intensive industry which consists
of an international business environment for maritime companies in which they have to
operate and face new challenges which are continually turning up.
Besides the world situation that affects the flow of maritime cycles as well as the
affairs of maritime companies, in 2008 maritime companies also came up against the
international financial recession which affected not only households and businesses but
also maritime transport. So, apart from the decline of the maritime trade, the companies
had to deal with the fall of available funds for the completion of their investing plans
ensuring simultaneously their daily smooth functioning simultaneously.
Being active in maritime industry requires considerable of capital for the growth
investing techniques in this field. With due consideration of the financial crisis of 2008 as
well as the ongoing unstable curve of the world economy, this thesis aims to study the
reform of the arrangements for financing maritime companies and alternative methods for
the support of maritime affairs.
Firstly, a short historical perspective is presented. It depicts the most important
moments of maritime history throughout centuries. A thorough analysis of the actions of
the maritime cycles which are considered the best example of the elasticity of maritime
trade is outlined. The former is also deemed the main principle for future researchers who
can be based on and study the interaction of markets and the ways of maritime reflection
against external factors. The whole procedure of maritime funding is presented.
Particularly, all the stages from the start of the loan contract to its completion are
illustrated as well as the risk analysis that any maritime company may face in accordance
with the chosen funding method.
The three Basel Accords are analyzed; the principles of each one of them are
described and the impact they have on the funding of the financial institutions and the
pressure exerted on maritime companies for their funding with very strict terms on behalf
of banks. Finally, the ναυτιλιακά παράγωγα are also analyzed in terms of the
compensation of the risk volatility of freights and their future cost effective use. These shipping derivatives are one of the most significant tools in the maritime industry for
controlling the maritime indicators and the protection of the contracting parties towards
the credit risk.
Consequently, this thesis goes for the analysis of the basic ways of funding,
presenting the advantages and disadvantages of each methodology and the factors that
affect and play an fundamental role in shaping the loan funding that can deprive from
various types of funding. This thesis attempts to proceed in decoding the functions of
discovering the loan funding which is one the most competitive and biggest industries in
terms of grouped investing funds which is active in the five continents bringing people,
services and goods together.