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Synopsis
Excerpt from Intertemporal Portfolio Selection Model for Bulk Shipping Companies
Much has been written about the volatility of the world tanker (and, to a lesser extent, other charter) markets. Industry practice give owners several strategic Options. Accepting a time charter guarantees the owner a definite revenue for a certain period. A single-voyage charter in the spot market, on the other hand, offers the possibility of extraordinary profits when there is a shortage of ships at the risk of heavy losses when the delicate balance of supply and demand tips the other way. For example, during a three week period in May 1973 the spot rate for a ton tanker rose from world scalel (ws) to ws210; over a similar period in the fall of 1973 the rates fell from ws410 to ws57. Even shipowners who signed long term charters hoping to have a steady flow of income at low risk have been surprised by an era of inflation and currency chaos.
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- PublisherForgotten Books
- Publication date2018
- ISBN 10 1334431752
- ISBN 13 9781334431753
- BindingPaperback
- LanguageEnglish
- Number of pages75
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Intertemporal Portfolio Selection Model for Bulk Shipping Companies
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book delves into the intricate world of bulk shipping companies, exploring their unique challenges and opportunities in navigating volatile markets. Set against the backdrop of the 1970s shipping industry, a time marked by economic uncertainty and fluctuating charter rates, the author presents a compelling case for adopting a more systematic approach to investment decisions. The book introduces the concept of intertemporal portfolio selection, drawing parallels with established financial theories and adapting them to the specific dynamics of the shipping industry. It emphasizes the importance of diversification as a risk management strategy, highlighting the potential benefits of viewing a fleet of ships as a portfolio of assets. Through a blend of theoretical frameworks and empirical analysis, the author demonstrates how shipping companies can optimize their long-term planning by considering factors such as trade routes, ship sizes, and charter policies. The book also addresses the practical challenges of implementing these models, discussing computational considerations and the complexities of estimating utility functions. Ultimately, this book offers valuable insights for shipping companies seeking to thrive in unpredictable markets, emphasizing the significance of strategic portfolio management as a key to success. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781334431753_0
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Intertemporal Portfolio Selection Model for Bulk Shipping Companies (Classic Reprint)
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781334431753
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Intertemporal Portfolio Selection Model for Bulk Shipping Companies (Classic Reprint)
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LX-9781334431753
Quantity: 15 available