'A thorough investigation of the fascinating shipping markets by experts in the field. A "must have" for practitioners and researchers in the commodity world.' - Helyette Geman, Director, Commodity Finance Centre, Birkbeck College, University of London and ESCP-EAP 'This is certainly a unique book which combines the theoretical and practical aspects of risk management in shipping. The book provides the readers with essential knowledge of risk assessment in shipping markets and enables them to understand the freight derivatives instruments, their applications, pricing mechanisms and trading strategies. It is a must read for any one involved in the shipping business.' - Mr Knut Moystad, Director of Corporate Development, Imarex 'This useful book combines a practical introduction to risk management techniques with a theoretical exposition for those who want to dig deeper. An excellent choice for anyone wanting to broaden their understanding of freight derivatives.' - Dr Martin Stopford, Managing Director, Clarkson Research Studies