Shipping and Transport

Factors affecting the dynamics of yield premia on shipping seasoned high yield bonds
Author(s): Costas Grammenos, Amir Alizadeh , Nikos Papapostolou, Cass Business School
Topic: Finance Industry: Shipping and Transport Type: Research Papers

This paper investigates factors that can explain the dynamics of yield premia on seasoned high yield bonds of shipping companies.

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Updated: 09/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 429

Optimal portfolio selection and index tracking for the shipping equity and freight rate markets
Author(s): Kostas Andriosopoulos, Nikos Papapostolou, Panos Pouliasis, Cass Business School
Topic: Finance Industry: Shipping and Transport Type: Research Papers

This paper reproduces the performance of two international shipping stock indexes and two physical shipping indexes by investing only in stock portfolios that our algorithms determine.

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Updated: 10/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 276

Estimating the probability of default for shipping high yield bond issues
Author(s): Costas Grammenos, Nikos Nomikos, Nikos Papapostolou, Cass Business School
Topic: Finance Industry: Shipping and Transport Type: Research Papers

This paper uses a binary logit model to predict the probability of default for high yield bonds issued by shipping companies.

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Updated: 10/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 465

Supply risk in fragile contracts
Author(s): Ashay Kadam, Cass Business School, Cagri Haksoz, Sabancı University
Topic: Investment and Risk Management Industry: Shipping and Transport Type: Research Papers

This research on the interrelated issues of demand, spot prices and contract breach risks yielded the following strategic insights.

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Updated: 08/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 155

The assessment of market efficiency in the shipping sector: a new approach
Author(s): Nikos Papapostolou, Cass Business School, George Dikos
Topic: Finance Industry: Shipping and Transport Type: Research Papers

The aim of this paper is to use an alternative measure of the efficiency of the different shipping industries, i.e. VLCC/ULCC (250 000 dwt), Suezmax (140 000 dwt), Aframax (80 000 dwt), which are the main carriers of crude oil, and Handymax (40 000 dwt), which carries the vast majority of clean (oil) products.

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Updated: 08/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 246