Overview of the four shipping markets: freight, sale and purchase, newbuilding and demolition
Ship finance and investment
Investment appraisal and capital budgeting
Investment feasibility and project valuation
Capital structure and the cost of capital
Sources of funding for financing shipping projects
Funding using bank loans; bank syndication; credit policy and analysis for bank loans
Funding using equity; funding through issuance of bonds; high yield bonds in shipping
Business risks in shipping operations: risk management theory; financial risk for shipping companies; freight rate derivatives and risk management; traditional methods for managing shipping risk
Managing freight rate risk using physical contracts; freight rate risk management using paper contracts
The use of financial derivatives in shipping

Module 3: Finance and Risk Management