European Parliament Library

Shipping Business Unwrapped, Illusion, Bias and Fallacy in the Shipping Business

Creator
Table Of Contents
Cover -- Half Title -- Title Page -- Copyright Page -- Dedication -- Table of Contents -- List of illustrations -- Introduction -- Notes -- 1. The fundamentals of shipping economics: perfections, simplifications, and the big picture -- Dynamics of demand -- Dynamics of supply -- Shipping markets -- Models of shipping markets and the hidden forces behind our decisions -- 2. The story of the ton-mile: can we really measure demand or supply in the shipping business? -- Supply and demand for shipping services: measurement debate -- History of the 'ton-mile' and its rationale -- Challenges of the ton-mile metric -- Adoption of the ton-mile metric in maritime economics -- Notes -- 3. Ships vs. assets: fleet vs. portfolio -- Market for lemons and ships -- Portfolio -- Non-asset-based investors -- 4. Garbage in, gospel out: fallacy and freakonomics of shipping statistics -- Fixtures -- New building contracts -- Investment appraisal -- 5. Information asymmetry: what you know and what you do not know! -- Motives of the directors -- Asset play -- Fear professional advice -- Seminars, workshops, and courses -- 6. Emotions: neuroeconomics of the shipping business -- Dopamine addiction = risk-seeking -- Priming effect and neuromarketing -- Rational actors, emotions, and blink -- Note -- 7. Alliance capitalism: solidarity survives -- Japan as a product of the shipping business -- Keiretsu: the network of shareholders -- Empathy -- Note -- 8. Cycles: this time, it's almost the same! -- Cycle of cycles -- Notes -- 9. The anatomy of a shipping crisis: dissection of irrational exuberance -- The global link -- Loans -- Bullwhip effect -- Drunk with the dreams of asset play -- Shipping casino vs. hedging the risk -- The wisdom of crowds -- 10. The shipping mortgage crisis: how ship valuation methods rationalized toxic shipping portfolios and ship covered bonds
Language
eng
Literary Form
non fiction
Copyright
Physical Description
1 online resource (141 pages)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781351864787

Subject

Classification

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