Ναυτιλιακή χρηματοδότηση και ναυτιλιακά παράγωγα

Αντωνέλλος, Γεώργιος

Master Thesis

Author

Αντωνέλλος, Γεώργιος

Date

2017-11

Abstract

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.

Postgraduate Studies Programme

Ναυτιλία

Department

Σχολή Ναυτιλίας και Βιομηχανίας. Τμήμα Ναυτιλιακών Σπουδών

Number of pages

116

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/11131

Collections

Τμήμα Ναυτιλιακών Σπουδών

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