Research into the charter markets is
closely related to research on fi nancial issues
in shipping, in part because fi nancial risks
are closely tied to market volatility. There
has been an increase in fi nance - related
research (16, or 3.5%) but, again, papers are
found in a wide array of journals. The
research has contributed to and benefi ted
from the increased interest of banks in
fi nancing ships and the improved range of
hedging strategies available. The leader in
this research, through his own work and
through encouraging others, is Costas
Grammenos (2002b) . The development of
instruments for hedging in shipping and
the increase in the number of public shipping
companies is refl ected in the research
of, for example, Merikas, Gounopoulos and
Nounis (2009) and Kavussanos and Visvikisz
(2006)
Research into the charter markets is
closely related to research on fi nancial issues
in shipping, in part because fi nancial risks
are closely tied to market volatility. There
has been an increase in fi nance - related
research (16, or 3.5%) but, again, papers are
found in a wide array of journals. The
research has contributed to and benefi ted
from the increased interest of banks in
fi nancing ships and the improved range of
hedging strategies available. The leader in
this research, through his own work and
through encouraging others, is Costas
Grammenos (2002b) . The development of
instruments for hedging in shipping and
the increase in the number of public shipping
companies is refl ected in the research
of, for example, Merikas, Gounopoulos and
Nounis (2009) and Kavussanos and Visvikisz
(2006)
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