This book introduces financial tools and techniques useful in the rational and profitable management of individual ships as well as fleets: ship profitability analysis, ship valuation, replacement analysis and the purchase or lease decision, etc., are discussed at length.
However, while the book's application is oriented towards ships, the financial tools employed are general financial techniques that can also be applied in making rational decisions for the management of other non-ship oriented investments such as real estate, stocks and bonds and so forth.