Risk Management and Applications for International Trade

2 min

Venable Team Contributes Study to HSBA Handbook on Ship Finance

Washington, DC - May 28, 2015 - Venable attorneys from the firm’s International Trade Group, led by the Group’s co-chair, Ashley Craig, have produced an interesting study of shipping’s containerization trends, its 450% growth over the past 50 years, and the important limitations which affect growth and factors in pricing structures.

The study, “Risk Management and Applications,” appears in the HSBA Handbook on Ship Finance. It focuses on the concept of how new projects—either the acquisition of second-hand tonnage or the placement of new building orders—in the container segment could be structured and considers the limitations of the traditional models used in the container shipping industry.

“We were interested in presenting all aspects of the containerization business,” noted Mr. Craig. “That market differs in important ways from the oil or bulk transport market—in its pricing structure; its use of special freight indices; the correlation of two existing markets within the container industry—the charter market vs. the freight market; the use of “derivatives” to secure and stabilize cash flow; the influence of several-state backed competitors; and the current regulatory environment in the EU, the US, and elsewhere.”

Mr. Craig and his team, including Venable associates Elizabeth K. Lowe, Carrie A. Kroll, and Tyler Hale, explore each of these topics in depth in their chapter.

The HSBA Handbook on Ship Finance was published in December 2014 by the Hamburg (Germany) School of Business Administration. It is considered a major international work focusing exclusively on the increasingly complex field of ship finance, a key aspect in the world of shipping and ship owning.
“We were honored to be a part of this important project,” Mr. Craig added.

HSBA Handbook on Ship Finance is available through Amazon at:

or directly from the publisher, Springer, at:



Venable LLP is an American Lawyer 100 law firm serving clients globally. Headquartered in Washington, DC, with offices in California, Delaware, Maryland, New York, and Virginia, Venable LLP lawyers and legislative advisors serve the needs of our domestic and global clients in all areas of corporate and business law, complex litigation, intellectual property, regulatory, and government affairs around the globe. For more information, please visit the Venable website at www.Venable.com.

Hamburg School of Business Administration (HSBA) is a private business school located in Hamburg, Germany. It was founded by the Hamburg Chamber of Commerce in 2004.