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  • © 2015

HSBA Handbook on Ship Finance

  • Focuses on the latest developments in the field and experiences and views from state-of-the-art projects, solutions and structures

  • Provides a unique professional perspective of addressing complex problems

  • Highly application-oriented contributions

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Table of contents (20 chapters)

  1. Front Matter

    Pages i-xxix
  2. Introduction to Ship Financing

    1. Front Matter

      Pages 1-1
    2. Loans and Risk Management Considerations

      • Orestis Schinas, Sebastian Kewitsch
      Pages 33-54
  3. Equity Financing

    1. Front Matter

      Pages 69-69
    2. The German KG System

      • Max Johns, Christoph Sturm
      Pages 71-85
    3. Equity Capital Market in Shipping

      • Karsten Markwardt, Axel Schroeder
      Pages 87-98
    4. Other Equity Markets for Shipping

      • Christian von Oldershausen
      Pages 99-108
    5. HCI Hammonia Shipping AG: A Case Study

      • Jan Willem Krutemeier
      Pages 121-137
  4. Asset Pricing

    1. Front Matter

      Pages 139-139
    2. Valuing Vessels

      • Daniel Mayr
      Pages 141-163
  5. Institutional Framework

    1. Front Matter

      Pages 183-183
    2. Shipping Finance in Greece

      • Vera P. Alexandropoulou
      Pages 185-200
    3. New Turkish Law on Ship Finance

      • Kerim Atamer
      Pages 201-227
  6. Challenges and Advances

    1. Front Matter

      Pages 243-243
    2. Ship Leasing

      • Philip Clausius
      Pages 245-267

About this book

This book is a major work that focuses exclusively on ship finance and includes contributions on the increasingly complex field of ship finance, which has over the last two decades become a key aspect in the world of shipping and ship owning. The book offers an enlightening mix of theoretical analysis and well-founded practical insights into the daily markets. Given that ship finance continues to develop dynamically around the world, the book covers subjects ranging from the German KG market to Islamic Finance, from loans to legal aspects and from asset pricing to risk management.

Editors and Affiliations

  • Hamburg School of Business Administratio, Hamburg, Germany

    Orestis Schinas

  • L2C, Hamburg, Germany

    Carsten Grau

  • German Shipowners Association, Hamburg, Germany

    Max Johns

About the editors

About the Editors:

Dr-Ing Orestis Schinas is the Professor of Shipping and Ship Finance and Head of the Maritime Business School of the Hamburg School of Business Administration (HSBA) since 2008. He has served in senior and top-management positions and has a vast experience in the maritime and logistics industry and has offered his services to private and public entities as well as to international organizations. His professional career includes large corporate and business development projects as well as advanced research assignments in the maritime and port sectors. He holds a Dipl-Ing degree in Naval Architecture and Marine Engineering (NTUA, 1994), a Masters in Shipping Management (WMU, 1998) and he was awarded the doctoral title in 2005 (NTUA) for his thesis on Ship Finance. His work is published in major business and academic journals.

Dr. Max Johns is Managing Director at VDR German Ship owners’ Association in Hamburg. He is teaching ship finance at the Maritime Business School of the Hamburg School of Business Administration (HSBA) since 2008. He holds BA and MA degrees from Université Paul Valéry Montpellier III in France, an MBA from KU Leuven in Belgium and was awarded the doctoral title from the University of Tübingen in Germany. He publishes frequently on maritime issues.

Carsten Grau is German lawyer –Rechtsanwalt- and Solicitor (England & Wales). He has practiced maritime and corporate law in Bremen and Hamburg since 1998 and specializes in advising corporate entities and individuals in all areas of maritime business. At HSBA, he is module responsible for the maritime law contents in the MBA Shipping programme. He holds a law degree from the University of Hamburg and a German and Liberian Master Mariner License.

About the Authors:

Sebastian Kewitsch, NAVES Corporate Finance GmbH, http://www.naves-finance.de/

Sebastian Kewitsch studied business economics in Rostock and the MBA shipping at HSBA. He began his career at HSH Nordbank AG where he worked in the areas of real estate, shipping and yards and restructuring. Since 2013 he is working as a Vice President for NAVES Corporate Finance GmbH which provides restructuring, financial asset management, transaction, equity and debt advisory in the maritime industry. The group employs some 30 people in Hamburg. sebastian.kewitsch@naves-finance.com

Vera Alexandropoulou, Attorney at Law, Solicitor, Alexandropoulou Law Firm, alexandropouloulaw.com

Vera Alexandropoulou is a graduate of the Law Faculty of the University of Athens and has completed postgraduate studies at the University of Heidelberg and Harvard University. She was admitted to the Piraeus Bar Association in 1998 and qualified as a UK Solicitor in 2004. She specialises in shipping, energy and environmental law. In 2005 she established her own law firm. She speaks Greek, German, English, French, Spanish and Chinese. vera.alexandropoulou@alexandropouloulaw.com

Nicolas Bornozis, President, Capital Link, Inc., www.capitallink.com

Nicolas Bornozis is the founder of Capital Link, an international advisory, investor relations and financial communications firm with strategic focus on the shipping industry. Capital Link works with the majority of shipping companies listed in European and US Exchanges and has built one of the most extensive and effective platforms for raising awareness of shipping to a wider industry and investor audience. His firm has received industry awards from Lloyds List and Intercontinental Finance Magazine. Nicolas has a Law Degree from the University of Athens and an MBA from Harvard Business School. He has 32 years of experience in the US and European financial and capital markets. nbornozis@capitallink.com

Dr. Christos Sigalas, Seanergy Maritime Holdings Corp., http://www.seanergymaritime.com/ and University of Piraeus, http://www.unipi.gr/

Dr. Christos Sigalas is a professional business planning and corporate finance senior analyst with work experience in maritime shipping, investment banking and telecommunication industries. Dr. Sigalas holds a PhD (2012) with honours from University of Piraeus and an MBA (2005) with honours along with a BSc (2002) in Management & Business Administration from Athens University of Economics and Business. csigalas@seanergymaritime.com.gr or csigalas@webmail.unipi.gr

Andreas Mietzner

Company - Organization: Continental Chartering

Website link: www.continental-chartering.de

Short Bio 2-5 lines

Email research@continental-chartering.de

Andreas Mietzner is shipping analyst at the ship broking firm Continental Chartering. He graduated with a diploma in economics from the Albert-Ludwigs-University Freiburg majoring in psychology and econometrics. He gained further academic experience at the University of Cadiz and University Udayana. He is an expert on shipping markets and provides professional advisory, analysis and vessel valuation services.

Christoph Sturm, Co-Founder Deutsche Seewert GmbH & Co. KG, www.seewert.de and MarLink Schiffahrtskontor GmbH & Co. KG, www.marlink.net

Christoph Sturm has 24 years of practical experience in ship owning, ship managing, chartering and ship financing with assignments in Germany, Asia and the US. He currently focusses on independent interim management and advisory services to the German shipping industry, christoph.sturm@marlink.net or christoph.sturm@aol.com

Bibliographic Information

  • Book Title: HSBA Handbook on Ship Finance

  • Editors: Orestis Schinas, Carsten Grau, Max Johns

  • DOI: https://doi.org/10.1007/978-3-662-43410-9

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Humanities, Social Sciences and Law, Law and Criminology (R0)

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2015

  • Hardcover ISBN: 978-3-662-43409-3Published: 01 December 2014

  • Softcover ISBN: 978-3-662-51543-3Published: 10 September 2016

  • eBook ISBN: 978-3-662-43410-9Published: 19 November 2014

  • Edition Number: 1

  • Number of Pages: XXIX, 384

  • Number of Illustrations: 64 b/w illustrations, 16 illustrations in colour

  • Topics: International Economic Law, Trade Law, Finance, general, Financial Law/Fiscal Law

Buy it now

Buying options

eBook USD 149.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 199.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 199.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access