Basil M Karatzas - Academia.edu (original) (raw)

Papers by Basil M Karatzas

Institutional investors and credit funds have been filling the funding gap that shipping banks ha... more Institutional investors and credit funds have been filling the funding gap that shipping banks have left in their departure from the maritime industry. It's a big gap to fill when the maritime industry has been through historical lows. Theoretically, it should be a great industry to be in...

Vessels registered and trading in the USA (Jones Act) offer unique characteristics when it comes ... more Vessels registered and trading in the USA (Jones Act) offer unique characteristics when it comes to financing. Basil Karatzas & Karatzas Marine Advisors presented at the 9th MareForum Conference in Houston about financing in the Jones Act Market.

Vessels and other shipping assets are volatile in pricing; while the value of most assets depreci... more Vessels and other shipping assets are volatile in pricing; while the value of most assets depreciates over their useful life, the value (and price) of shipping of assets can improve over time, depending primarily on freight rates and the overall state of the market. Vessels can be valued based on the market comparable approach ('last done'), income approach and replacement cost methodology. There also have been 'variations on theme'. Basil Karatzas of Karatzas Marine Advisors outlines vessel valuation methodology in classic article in the Tanker Operator.

The shipping dry bulk market stands at thirty-year low and shipping asset (vessel) prices seem at... more The shipping dry bulk market stands at thirty-year low and shipping asset (vessel) prices seem at compelling levels; while 'buy low, sell high' may seem the natural way to invest in the market, Basil Karatzas at the 3rd Cayman Shipping Summit argues that providing credit in shipping at present may be a better way to invest in this distressed industry.

Shipping markets are in a state of distress; too many ships were ordered and built, too much mone... more Shipping markets are in a state of distress; too many ships were ordered and built, too much money were invested, too much faith has been placed on modeling and direct correlation with macro events. 2015 is expected to be a tough year for shipping.

Exploring the possibility of crude oil exports from the United States, legal, regulatory frame an... more Exploring the possibility of crude oil exports from the United States, legal, regulatory frame and commercial implications

The changing face of shipping finance has started bringing a shift in the capital structure of ve... more The changing face of shipping finance has started bringing a shift in the capital structure of vessel ownership. This trend likely to get more important with time, writes Basil Karatzas in the Cayman Financial Review.

Conference Presentations by Basil M Karatzas

Equity and Debt Investment Opportunities in a currently Distressed Shipping Industry: Conference ... more Equity and Debt Investment Opportunities in a currently Distressed Shipping Industry: Conference presentation at 1st Mareforum Shipping Conference Panama, June 2016.

Institutional investors and credit funds have been filling the funding gap that shipping banks ha... more Institutional investors and credit funds have been filling the funding gap that shipping banks have left in their departure from the maritime industry. It's a big gap to fill when the maritime industry has been through historical lows. Theoretically, it should be a great industry to be in...

Vessels registered and trading in the USA (Jones Act) offer unique characteristics when it comes ... more Vessels registered and trading in the USA (Jones Act) offer unique characteristics when it comes to financing. Basil Karatzas & Karatzas Marine Advisors presented at the 9th MareForum Conference in Houston about financing in the Jones Act Market.

Vessels and other shipping assets are volatile in pricing; while the value of most assets depreci... more Vessels and other shipping assets are volatile in pricing; while the value of most assets depreciates over their useful life, the value (and price) of shipping of assets can improve over time, depending primarily on freight rates and the overall state of the market. Vessels can be valued based on the market comparable approach ('last done'), income approach and replacement cost methodology. There also have been 'variations on theme'. Basil Karatzas of Karatzas Marine Advisors outlines vessel valuation methodology in classic article in the Tanker Operator.

The shipping dry bulk market stands at thirty-year low and shipping asset (vessel) prices seem at... more The shipping dry bulk market stands at thirty-year low and shipping asset (vessel) prices seem at compelling levels; while 'buy low, sell high' may seem the natural way to invest in the market, Basil Karatzas at the 3rd Cayman Shipping Summit argues that providing credit in shipping at present may be a better way to invest in this distressed industry.

Shipping markets are in a state of distress; too many ships were ordered and built, too much mone... more Shipping markets are in a state of distress; too many ships were ordered and built, too much money were invested, too much faith has been placed on modeling and direct correlation with macro events. 2015 is expected to be a tough year for shipping.

Exploring the possibility of crude oil exports from the United States, legal, regulatory frame an... more Exploring the possibility of crude oil exports from the United States, legal, regulatory frame and commercial implications

The changing face of shipping finance has started bringing a shift in the capital structure of ve... more The changing face of shipping finance has started bringing a shift in the capital structure of vessel ownership. This trend likely to get more important with time, writes Basil Karatzas in the Cayman Financial Review.

Equity and Debt Investment Opportunities in a currently Distressed Shipping Industry: Conference ... more Equity and Debt Investment Opportunities in a currently Distressed Shipping Industry: Conference presentation at 1st Mareforum Shipping Conference Panama, June 2016.