With access to more traditional finance limited, shipping companies are increasingly considering private equity and debt markets as a way to help them make key capital investments, whether meeting new emissions legislation or ballast water management controls or expanding their fleet to meet new opportunities. Likewise, many investment banks and bond traders are becoming alert to the significant opportunities in the sector.
The course aims to raise awareness of the substantial benefits and risks of equity and debt finance, to shipping companies looking for capital and to investors looking at shipping as a market with increasing accessibility and potentially strong returns on investment.
Led by Professor Nikos Nomikos of the Centre for Shipping, Trade & Finance at Cass Business School, Ship Finance Executive provides an analysis of the IPO and debt issuance process, the advantages and disadvantages of using the capital markets, underwriters and their role, credit rating agencies, and institutional investors.
Using a variety of real-life examples, course participants will learn how an IPO is made, what to look for when choosing an underwriter, how to identify an under-priced IPO before it is made public using only publicly available information, how to issue a high-yield bond and how to calculate the probability a high-yield bond will default.
Course Brochure 2020
Professor Nikos Nomikos
Centre for Shipping, Trade & Finance
|Cass Business School
Dr Nikos Papapostolou
|Cass Business School|
Ship Finance Executive is led by Professor Nikos Nomikos of Cass Business School, director of the highly-respected Shipping, Trade and Finance MSc course and author of the leading reference book on shipping risk management – Shipping Derivatives and Risk Management.
Professor Nomikos holds a number of faculty positions at other universities, including Copenhagen Business School and the University of Geneva.
Dr Nikos Papapostolou has worked on topics such as shipping high-yield bonds and shipping IPOs and is currently working on investor sentiment in the shipping markets.
"A practical overview for shipping companies and investors on how to use the equity and debt markets"