Μορφές χρηματοδότησης ναυτιλίας

Βουκελάτος, Θωμάς

Financing shipping methods

Master Thesis

Author

Βουκελάτος, Θωμάς

Date

2015-07

Abstract

The Greek shipping industry has a leading role in the global trade and highly contributes to the national economy (corresponds to the 8% of GNP in 2014) along with the enhancement of the current account balance. Its contribution is very significant for the society as well. Through the investments that refer either to vessels or to the shore - based offices, job opportunities occur, making its contribution very significant for the society. The existence of various types of economical exchanges is essential in order to allocate the necessary funds that each shipping company needs inside a quite volatile and competitive international business environment. The shipping finance through its different types is an important prerequisite for the operation and development of a shipping Company. Subject thesis consists of 7 chapters and hereunder you may note its detailed structure. In Chapter 1, we present the fundamental requirements that a shipping company needs to have in order to grant its development and operation. What is more, we briefly refer to the various types of the shipping finance and to all the characteristics that make it differ from financing another type of company. In Chapter 2, we analyze the definition of shipping cycles. We examine their important role during the decision making process along with the way that they affect the freights and the vessel’s value as well. Chapter 3 includes a research that Petrofin Bank realized and refers to the bank shipping division. At this chapter we present the exact types of shipping finance as well. In Chapter 4, you may find the description of the traditional types of finance along with the main alternative types of finance such as the institutional investors, the mezzanine financing, the private equity and the bond issue. This chapter also analyzes the leasing financing method. In chapter 5, we examine the stock markets of Athens, London and New York along with the advantages and disadvantages that shipping companies face from their entrance in these markets. In Chapter 6, we examine the exact reasons for which China has turned to be the upcoming force in the shipping industry along with the prerequisites that shipping companies have to meet in order to receive the funds from the Chinese banks. Last but not least, we present the shipping centers of China and finally the close relationship between Greek ship owners and Chinese shipyards. In chapter 7, subject thesis refers to the main shipping funding risks and to all the derivatives that can minimize or even eliminate the risks in the shipping industry.

Postgraduate Studies Programme

Οικονομική και Επιχειρησιακή Στρατηγική

Department

Σχολή Οικονομικών, Επιχειρηματικών και Διεθνών Σπουδών. Τμήμα Οικονομικής Επιστήμης

Number of pages

138

Language

Greek

URI

https://dione.lib.unipi.gr/xmlui/handle/unipi/8676

Collections

Τμήμα Οικονομικής Επιστήμης

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