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重磅推荐:10本航运主题书籍,大宗商业从业者必看

重磅推荐:10本航运主题书籍,大宗商业从业者必看 中信出版墨菲
2016-05-19
2
导读:2016年1月28日,一直跌跌不休的BDI指数(波罗的海综合运价指数)再探新低至325,为1985年有纪录以来最低。


2016年1月28日,一直跌跌不休的BDI指数(波罗的海综合运价指数)再探新低至325,为1985年有纪录以来最低。各种“僵尸船”、“海上无船”的言论见诸各大媒体,不经让广大了解或者不了解航运业的朋友都困惑不已,大家不禁要问中国航运业究竟怎么了?
由于我国是一个典型的沿海大陆型国家,陆域面积庞大,内河水域水面宽度较窄、深度较浅,且公路网络和铁路网络发达,因此内河和沿海航运在整个运输系统中占比较小,作用有限。因此,中国航运业主要以远洋运输为主,但这部分的竞争则异常激烈,国内过去计划经济遗留下的三大航运主体(中远、中海、中外运)均制定了有针对性的远洋运输发展计划,国际上远洋运输由于还涉及到国外诸多航运巨头的竞争,因此航运业可谓是中国最国际化也是最开放的自由竞争市场,其自然也最易受到国际运价波动的影响。
国际运价波动最直观的指标就是由波罗地海航运交易所根据几大主力船型运价加权计算得出的波罗的海指数(BDI)。该指数由于是由实际的实时运价加成得到,因此其最大程度的反映了运力市场当前的价格水平。因此,反观前文提到的325点的BDI历史新低,可见目前世界航运市场的疲态,亦能窥见中国航运市场的严峻形势。
谈了这么多,主要要说明一个道理:中国航运业已经和世界航运业紧密联系在一起,中国航运业时下的问题是世界航运业面临的全局性困局和其区域性问题复合加成的结果。




《Maritime Economics》

Martin Stopford/著

For 5000 years shipping has served the world economy and today it provides a sophisticated transport service to every part of the globe. Yet despite its economic complexity, shipping retains much of the competitive cut and thrust of the “perfect” market of classical economics. This blend of sophisticated logistics and larger than life entrepreneurs makes it a unique case study of classical economics in a modern setting.

The enlarged and substantially rewritten Maritime Economics uses historical and theoretical analysis as the framework for a practical explanation of how shipping works today. Whilst retaining the structure of the second edition, its scope is widened to include:

▪ lessons from 5000 years of commercial shipping history

▪ shipping cycles back to 1741, with a year by year commentary

▪ updated chapters on markets; shipping costs; accounts; ship finance and a new chapter on the return on capital

▪ new chapters on the geography of sea trade; trade theory and specialised cargoes

▪updated chapters on the merchant fleet shipbuilding, recycling and the regulatory regime

▪a much revised chapter on the challenges and pitfalls of forecasting.

With over 800 pages, 200 illustrations, maps, technical drawings and tables Maritime Economics is the shipping industry’s most comprehensive text and reference source, whilst remaining as one reviewer put it “a very readable book”.

Martin Stopford has enjoyed a distinguished career in the shipping industry as Director of Business Development with British Shipbuilders, Global Shipping Economist with the Chase Manhattan Bank N.A., Chief Executive of Lloyds Maritime Information Services; Managing Director of Clarkson Research Services and an executive Director of Clarksons PLC. He lectures regularly at Cambridge Academy of Transport and is a Visiting Professor at Cass Business School, Dalian Maritime University and Copenhagen Business School.

 


《THE SHIPPING MAN》

MATTHEW McCLEERY/著

When restless New York City hedge fund manager Robert Fairchild watches the Baltic Dry Cargo Index plunge 97%, registering an all-time high and a 25-year low within the span of just six months, he decides to buy a ship.
Immediately fantasizing about naming a vessel after his wife, carrying a string of worry beads and being able to introduce himself as a "shipowner" at his upcoming college reunion, Fairchild immediately embarks on an odyssey into the most exclusive, glamorous and high stakes business in the world.
From pirates off the coast of Somalia and on Wall Street to Greek and Norwegian shipping magnates, the education of Robert Fairchild is an expensive one. In the end, he loses his hedge fund, but he gains a life - as a Shipping Man. Part fast paced financial thriller, part ship finance text book, The Shipping Man is 310 pages of required reading for anyone with an interest in capital formation for shipping.



《VIKING RAID》

MATTHEW McCLEERY/著

Combining a ship finance textbook with a jet setting geopolitical romp, Viking Raid picks up where The Shipping Man left off - on a journey into the famously private world of international shipping tycoons and their financiers. 
At the conclusion of The Shipping Man, Robert Fairchild is sipping rosé on the Côte d'Azur with Coco Jacobsen and toasting to the success of their $300 million junk bond offering; six months later the CEO is in the 120-degree engine room of a supertanker discharging two million barrels of Saudi crude oil - afraid for his job and afraid for his life. 
Fortunes change quickly in the volatile world of international oil shipping and Fairchild knows that unless he can find another $500 million soon his powerful Norwegian tanker tycoon boss will have little use for him. 
When Robert convinces Coco to attempt an Initial Public Offering of Viking Tankers on Wall Street, the desperate American thinks his problems may have been solved - but the former hedge fund manager couldn't be more wrong. 
Instead, Fairchild finds himself stuck between an American shale gas wildcatter and The Peoples' Republic of China in their competition for clean energy. Combining swashbuckling shipping adventure with corporate finance derring-do, Viking Raid puts Fairchild back at the table in the highest stakes casino in the world - with more than just his deal at risk.

 


《Death of a Shipowner》

A.F. GILLOTTI/著

Who had shot down Paul Johansen on a deserted street in Oslo? Why would anyone plan with such precision the murder of an unimportant Norwegian shipowner? The police had no answers and neither did Johansen's Finance Director, John Henriksen, who had been left in charge of the firm. While Henriksen wanted to help find the murderer, his main task was to extricate the company from the ruinous financial commitments the dead man had made. Here is a highly unusual thriller set against a background which crackles with the insider's knowledge of shipping and finance.

 


 《海上帝国:缔造并扩大自由贸易时代的船东和金融家们》

萝莉·安·拉罗科/著

金海/译

“谁控制了海洋,谁就控制了世界”

《海上帝国》记录了20位船东和金融家如何缔造并扩大自由贸易时代。通过记录20位当今领先航运商业领袖的非凡个性、挑战和成就、他们对全球贸易和经济发展发挥的巨大作用,以及这些伟大的开拓者、巨头和实干家们的激情、看待局势的视角和他们所采用的战略,洞察一个巨大的航运世界,见证海上帝国的兴起与衰落、财富的汇聚与流通。
《海上帝国》并未试图将这些记录变为详尽的传记,而是概览了那些在21世纪之交的现代全球经济发展中发挥了重要作用的人们的思想。本书也提供了一些航运业如何运转的见解。汪洋大海上存在着各种各样的角色,每一个都有自己独特的企业文化和平衡风险与回报的方式。本书将有助于未来从业者能够准确理解他们踏上了一个怎样的旅途。有助于从业者看到航运金融又一个春天的到来。同时,也为大众读者描绘了一幅海上帝国的繁荣景象。

 


《恒向线:70后远洋船长的航海日志》 

张欣然/著

《恒向线:70后远洋船长的航海日志》是当代少见的一部充满隐秘色彩的航海生活日志。在这部日志中,船长大胆而真实地记录了12年航海的所见所闻,既生动展现了东南亚各地的岸上风情,也详细记述了船上生活的独特和微妙。更为少见的是,《恒向线:70后远洋船长的航海日志》还详细讲解了现在海船上的各种职务分工,并引出了性格迥异的众多海员在远离陆地时的真实形象。
书中配有大量照片,大都为作者作为海员时所到之地的实景纪录,独特的视角总让人感到新鲜。

 

汉堡商学院船舶融资手册》金海/译 

出版中……

本书分为六部分。第一部分重温了一些传统船舶融资的基础知识。伦佩尔(Lemper)和塔斯涂(Tasto)分析了市场周期,并阐明了一些行业数据和标志。之后,席纳斯(Schinas)和克维奇(Kewitsch)总结了风险管理和船舶贷款财务评估的重要概念。该部分以绍尔(Scholl)和奥托(Otto)的文章结尾,该文章从法律角度透彻地分析了贷款协议。

本书第二部分侧重于介绍股权融资。约翰(Johns)和斯特姆(Sturm)对德国KG基金进行了透彻地分析,该基金模式曾长期主导德国市场,目前由于近期的投资过剩和低回报(或者负收益)该基金模式在抨击声中经历着调整。马克沃德特(Markwardt)和施罗德(Schröder)关于KG基金的文章则着眼于近期的另类投资基金经理指令(Alternative Investment Fund Managers Directive , AIFMD)以及其对私募股权投资公司的影响。该部分最后为冯·奥尔德斯豪森(von Oldershausen)关于挪威KS模式的文章,挪威KS模式是一种与德国KG模式相似但并不相同的股权结构方案。阿纳诺斯塔尔(Anagnostara)和斯格拉斯(Sigalas)通过讲述Seanergy案例分享了一些有趣的见解和观点,该案例开拓了一个在国外资本市场融资的途径。库特马尼(Krutemaier)关于HCI案例的文章则从德国角度来理解股权融资。

第三部分着眼于资产定价的问题。迈尔简洁地介绍了长期资产价值(Long Term Asset Value, LTAV),该汉堡船舶评估标准不仅考虑船舶的现值,而且考虑预期未来收入的折现值。另一方面,米茨纳(Mietzner)提出了一个非常创新的方法,即上次交易基础上的定性调整和审计代数估值(Qualitative Adjusted and Audited Algebraic Estimation on the basis of Last Done, QAAELD),参考了船龄、当前市场资产估值以及其它参数。

这两种方法吸引了学者以及从业者的注意,因为两种方法的应用可能影响借贷双方的资产负债表,并会影响市场的预期和持续性,尤其是在租金较低时。

本书第四部分专注于制度框架及其对船舶融资的影响。亚历山卓保(Alexandropoulou)将展示希腊的船舶融资框架,希腊具备对航运产业来说较完善和成熟的条件。另一方面,阿塔莫(Atamer)将讲述土耳其新的法律框架,揭示土耳其政府在未来发展更多航运产业有着明确的意图。该部分以哈斯(Haase)的文章结尾,该文章分析了双重征税协定以及与联合国经合组织示范公约(OECD Model Convention)有关的实际问题。

第五部分整理了行业所共同面临问题的现有解决方法,如重组、风险管理以及替代性船舶管理和融资的方法。专家们分享了他们的实务经验,并提供了可能引发创新思维和船舶融资前所未有方式的解决方案和想法。

克劳修斯(Clausius)调查并分析了船舶租赁结构,以实例和有趣的数据阐明了复杂的租赁计划。帕帕克里斯蒂迪斯(Papachristidis)和帕帕克里斯蒂迪斯(Papachristidis)概要介绍了航运联盟(shipping pools)和现有模型方案的益处,并且分享了他们从过去项目中所获得的经验和知识。通过南美轮船公司(CSAV)的杰出案例,拉莫斯科(Lammerskötter)讨论了重组过程中所面临的挑战。米勒(Miller)、卡素(Cassels)、克雷格(Craig)、哈勒(Hale)、霍斯(Höth)、克罗尔(Kroll)、罗威(Lowe)、米勒(Miller)、史昂(Schöne)和沃德(Ward)概述了金融风险管理工具,并着重介绍了他们具备丰富经验的集装箱市场,这也是一篇充满实例和亲身实践的文章。本章最后为尼约(Nijoe)对伊斯兰金融的分析,这是一类可以满足许多海运企业需求的资金来源。

本书最后一部分侧重于介绍与船舶融资密切相关的服务。伯诺兹斯(Bornozis)探讨和分析了投资者关系及其对企业有效沟通的作用,这对上市公司或者涉及监管投资的企业来说是一个至关重要的话题。最后,冯·鲁芬·兹思迪斯(von Ruffin-Zisiadis)概述了新造船经纪人的角色和服务。

 

《中国航运信托基金实务和法律解读》

金海/著

出版中……

 


《海上货物保险

杨良宜/著

《海上货物保险》作者从事国际航运及贸易业务超过三十年,著述颇丰,涉及领域广泛。作者本次将其关注领域从仲裁及航运法律领域扩展至与航运及贸易密切相关的领域——海上保险法律领域,推出这一力作。
《海上货物保险》主要讲述海上货物保险法律制度。作者以研究2009年版英国协会货物保险条文的内容为基础,分析该条文的政变以及涉及的相关法律的改变,藉此梳理和阐述海上货物保险领域的各项制度及其发展与变化。同时,亦介绍英国目前针对岸上保险法正在酝酿的一些重大改革。全书涉及绝对善意、可保利益、保险合约、适用法与管辖权、一切险承保风险以及近因原则、非实质损失的承保、除外风险、损失的类别、承保风险的开始与结束、赔付的原则与做法、代位求偿权、向船舶/承运人索赔的处理等方面内容。
保险法律十分复杂目.内容丰富,作者依旧秉承其写作风格,以大量鲜活的案例为依托,于其中展示了海上货物保险法律制度的精义。相信《海上货物保险》能给从事本领域研究和实务的读者以启示和帮助。

 


《Branch's Elements of Shipping》

Alan Edward Branch/著

Since it was first published in 1964, Elements of Shipping has become established as a market leader. Now in its ninth edition, Branch’s Elements of Shipping, renamed in memory of Alan Branch, has been updated throughout and revised to take in the many changes that have occurred in the shipping industry in recent years, including the impact of the economic crisis, the Panama Canal expansion and new legislation. All tables and data have been brought up-to-date and many new illustrations have been added.

The book explains in a lucid, professional manner the basic elements of shipping, including operational, commercial, legal, economic, technical, managerial, logistical and financial considerations. It also explores how shipping markets behave and provides an overview of the international shipping industry and seaports. Filling a gap for the discerning reader who wishes to have a complete understanding of all the elements of the global shipping scene together with the interface with seaports, international trade and logistics, it remains essential reading for shipping executives along with students and academics with an interest in the shipping industry.


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编辑:小M 2016.05.19



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