IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/51573.html
   My bibliography  Save this paper

Shipping Market Financing: Special Features and the Impact of Basel III

Author

Listed:
  • Sambracos, Evangelos
  • Maniati, Marina

Abstract

Shipping sector constitutes a sector with special characteristics that considerably differentiate it from the other sub-sectors of international transport. The maximisation of benefits for each one of the special market characteristics form a highly dynamic environment, with high risk of loss of invested capital. Within this framework, commercial banks, being the main source of financing shipping market, which is characterised by high capital and operating costs, have to take into account various variables in order to minimise the risk and maximise the return. The last is of particular importance considering the recent regulatory framework for banks applied by the Basel III, which has been elaborated on the grounds of inappropriateness of Basel II.

Suggested Citation

  • Sambracos, Evangelos & Maniati, Marina, 2013. "Shipping Market Financing: Special Features and the Impact of Basel III," MPRA Paper 51573, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:51573
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/51573/1/MPRA_paper_51573.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bijwaard, Govert E. & Knapp, Sabine, 2009. "Analysis of ship life cycles--The impact of economic cycles and ship inspections," Marine Policy, Elsevier, vol. 33(2), pages 350-369, March.
    2. Manolis G. Kavussanos & Amir H. Alizadeh, 2002. "Efficient pricing of ships in the dry bulk sector of the shipping industry," Maritime Policy & Management, Taylor & Francis Journals, vol. 29(3), pages 303-330.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sambracos, Evangelos & Maniati, Marina, 2015. "Analysis of Financial Crisis Results on Dry Bulk Market & Financing," MPRA Paper 68601, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sambracos, Evangelos & Maniati, Marina, 2015. "Analysis of Financial Crisis Results on Dry Bulk Market & Financing," MPRA Paper 68601, University Library of Munich, Germany.
    2. Vander Hoorn, S. & Knapp, S., 2014. "A multi-layered risk exposure assessment approach for the shipping industry," Econometric Institute Research Papers EI2014-14, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    3. Hercules E. Haralambides & Helen Thanopoulou, 2014. "The Economic Crisis of 2008 and World Shipping: Unheeded Warnings," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 64(2), pages 5-13, April-Jun.
    4. Kou, Ying & Luo, Meifeng, 2018. "Market driven ship investment decision using the real option approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 118(C), pages 714-729.
    5. Knapp, S. & van de Velden, M., 2010. "Visualization of Ship Risk Profiles for the Shipping Industry," ERIM Report Series Research in Management ERS-2010-013-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    6. Fan, Lixian & Gu, Bingmei & Yin, Jingbo, 2021. "Investment incentive analysis for second-hand vessels," Transport Policy, Elsevier, vol. 106(C), pages 215-225.
    7. Knapp, S. & Bijwaard, G.E. & Heij, C., 2010. "Estimated Incident Cost Savings in Shipping Due to Inspections," Econometric Institute Research Papers EI 2010-28, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    8. Padhan, Hemachandra & Kocoglu, Mustafa & Tiwari, Aviral Kumar & Haouas, Ilham, 2024. "Economic activities, dry bulk freight, and economic policy uncertainties as drivers of oil prices: A tail-behaviour time-varying causality perspective," Energy Economics, Elsevier, vol. 138(C).
    9. Moutzouris, Ioannis C. & Nomikos, Nikos K., 2020. "Asset pricing with mean reversion: The case of ships," Journal of Banking & Finance, Elsevier, vol. 111(C).
    10. Sun, Xiaolei & Tang, Ling & Yang, Yuying & Wu, Dengsheng & Li, Jianping, 2014. "Identifying the dynamic relationship between tanker freight rates and oil prices: In the perspective of multiscale relevance," Economic Modelling, Elsevier, vol. 42(C), pages 287-295.
    11. Ji, Xichen & Brinkhuis, Jan & Knapp, Sabine, 2015. "A method to measure enforcement effort in shipping with incomplete information," Marine Policy, Elsevier, vol. 60(C), pages 162-170.
    12. Nektarios A. Michail & Konstantinos D. Melas, 2021. "Sentiment-Augmented Supply and Demand Equations for the Dry Bulk Shipping Market," Economies, MDPI, vol. 9(4), pages 1-14, November.
    13. Heij, C. & Knapp, S., 2012. "Dynamics in the dry bulk market," Econometric Institute Research Papers EI 2012-18, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    14. Ji, X. & Brinkhuis, J. & Knapp, S., 2014. "A method to measure enforcement effort in shipping with incomplete information," Econometric Institute Research Papers EI 2014-12, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    15. Knapp, Sabine & Franses, Philip Hans, 2009. "Does ratification matter and do major conventions improve safety and decrease pollution in shipping?," Marine Policy, Elsevier, vol. 33(5), pages 826-846, September.
    16. Heij, C. & Knapp, S., 2011. "Risk evaluation methods at individual ship and company level," Econometric Institute Research Papers EI2011-23, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    17. Engelen, Steve & Norouzzadeh, Payam & Dullaert, Wout & Rahmani, Bahareh, 2011. "Multifractal features of spot rates in the Liquid Petroleum Gas shipping market," Energy Economics, Elsevier, vol. 33(1), pages 88-98, January.
    18. Knapp, S. & Franses, Ph.H.B.F. & B. Whitby (Bruce), 2020. "Measuring the effect of perceived corruption on detention and incident risk – an empirical analysis," Econometric Institute Research Papers EI 2020-07, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    19. Heij, C. & Knapp, S., 2018. "Predictive power of inspection outcomes for future shipping accidents," Econometric Institute Research Papers EI2018-09, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
    20. Dinwoodie, John & Landamore, Melanie & Rigot-Muller, Patrick, 2014. "Dry bulk shipping flows to 2050: Delphi perceptions of early career specialists," Technological Forecasting and Social Change, Elsevier, vol. 88(C), pages 64-75.

    More about this item

    Keywords

    Finance; Shipping Market; Basel; Risks;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:51573. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.