Visvikis, llias

PhD in Finance, CASS Business School, City University London

Visiting Professor, Shanghai Advanced Institute of International Shipping

Introduce

Dr. Ilias Visvikis is currently a Visiting Professor at the Shanghai Advanced Institute of International Shipping . He is also an Associate Professor of Ship Finance and Risk Management at the World Maritime University and a Senior Visiting Fellow at the ICMA Center at Reading University.

He created the Master's course of Shipping and Finance in cooperation with Reading University and the ALBA University in the UK and he also in charge of this course. He teaches at several universities at the same time, he designs and directs graduate-level academic courses.

Major Research Field

Ship financing and investment, freight derivatives (Long-term freight agreement), shipping risk management, econometric analysis, shipping market modeling

Major academic achievements

  Published work:

1.      “Derivatives in Freight Markets”, Special Report Commissioned by Lloyd’s Shipping Economist, A Lloyd’s MIU Publication, Informa Business, London, November 2007, with M. Kavussanos.

2.      “Capital Markets and the Shipping Industry”, Special Report Commissioned by Lloyd’s Shipping Economist, A Lloyd’s MIU Publication, Informa Business, London, August 2007, with M. Kavussanos.

3.      “Derivatives and Risk Management in Shipping”, 1stEdition, Witherbys Publishing & Seamanship International, United Kingdom, June 2006, with M. Kavussanos.

  Major academic papers:

1.      “The Time Dimension and Value of Flexibility in Resource Allocation: The Case of the Maritime Industry”, Transportation Research Part E: Logistics and Transportation Review, Special Issue: Maritime Financial Management, with K. Axarloglou and S. Zarkos, Forthcoming 2013.

2.      “The Predictability of Non-Overlapping Forecasts: Evidence from a New Market”, Multinational Finance Journal, Volume 15 (1/2), pp. 125-156, 2011, with M. Kavussanos.

3.      “Information Linkages between Panamax Freight Derivatives and Commodity Derivatives Markets”, Maritime Economics and Logistics, Volume 12, Issue 1, pp. 91-110, 2010, with M. Kavussanos and D. Dimitrakopoulos.

4.      “The Lead-Lag Relationship between Cash and Stock Index Futures in a New Market”, European Financial Management Journal, Volume 14, Issue 5, pp. 1007-1025, 2008, with M. Kavussanos and P. Alexakis.

5.      “Hedging Effectiveness of the Athens Stock Index Futures Contracts”, European Journal of Finance, Volume 14, Issue 3, pp. 243-270, 2008, with M. Kavussanos.

6.      “An Investigation of the Use of Risk Management and Shipping Derivatives: The Case of Greece”, International Journal of Transport Economics, Volume XXXIV, Issue 1, pp. 49-68, 2007, with M. Kavussanos and M. Goulielmou.

7.      “Forecasting Spot and Forward Prices in the International Freight Market”, International Journal of Forecasting, Volume 23, pp. 101-114, 2007, with R. Batchelor and A. Alizadeh.

8.      “Shipping Freight Derivatives: A Survey of Recent Evidence”, Journal of Maritime Policy and Management, Volume 33, Issue 3, pp. 233-255, 2006, with M. Kavussanos.

9.      “The Relation between Bid-Ask Spreads and Price Volatility in Forward Markets”, Journal of Derivatives & Hedge Funds (formerly Derivatives Use, Trading & Regulation), Volume 11, Issue 2, pp. 105-125, 2005, with R. Batchelor and A. Alizadeh.

10.   “Market Interactions in Returns and Volatilities between Spot and Forward Shipping Markets”, Journal of Banking and Finance, Volume 28, Issue 8, pp. 2015-2049, 2004, with M. Kavussanos.

11.   “Over-the-Counter Forward Contracts and Spot Price Volatility in Shipping”, Transportation Research Part E: Logistics and Transportation Review, Volume 40, Issue 4, pp. 273-296, 2004, with M. Kavussanos and R. Batchelor.

12.   “The Unbiasedness Hypothesis in the Freight Forward Market”, Review of Derivatives Research, Volume 7, Issue 3, pp. 241-266, 2004, with M. Kavussanos and D. Menachof.