Greek shipowners are hesitant to use new financial tools, a substantial percentage have never used derivatives instruments and an even larger proportion views them with caution, according to new research.
In a paper presented to the 15th annual conference of the International Association of Maritime Economists (IAME) in Cyprus, Professor Manolis Kavussanos of the Athens University of Economic and Business, Dr Ilias Visvikis of the Athens Laboratory of Business Administration and Matina Goulielmou of Magna Marine Inc examined the Greek use of risk management and shipping derivatives.
Their
