Financial crisis and the shipping industry : how and why shipping companies were affected by the crisis

2010

Masteroppgave i økonomi og administrasjon - Universitetet i Agder 2010 The theoretical framework of this thesis includes macro arguments for trade, shipping theory and definitions, including Martin Stopford’s comprehensive shipping market model, and some theory and definitions on some of the financial terms, such as gearing, financial and operating lease, used in this thesis. The Baltic Dry Index (BDI) is a series of indices based on reports from independent and competitive shipbrokers. Its purpose is to provide the shippers and the ship-owners with unbiased information on freight rates, and it is thought to be one of the most accurate indicators of economic development in the shipping mark…