A comprehensive book on shipping derivatives and risk management which covers the theoretical and practical aspects of financial risk in shipping. The book provides a thorough overview of the practice of risk management in shipping with the use of theoretical examples and real-life applications.

Introduction to Risk Management and Derivatives Introduction to Shipping Markets Statistical Tools for Risk Analysis and Modelling Freight Market Information Forward Freight Agreement Technical Analysis and Freight Trading Strategies Options on Freight Rates Pricing and Risk Management of Option Positions Value-at-Risk in Shipping and Freight Risk Management Financial and Interest Rate Risk Management in Shipping Credit Risk Measurement and Management in Shipping Ship Price Risk and Risk Management Real Options and Optionalities in Shipping

'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