
Professor Constantinos Grammenos
Professor of Shipping, Trade & Finance
Contact
- +44 (0)20 7040 8670
- 0044 207 040 8671
- c.grammenos@city.ac.uk
Postal address
106 Bunhill Row
London
EC1Y 8TZ
United Kingdom
About
Overview
Professor Costas Th. Grammenos is Chairman of the Costas Grammenos Centre for Shipping, Trade and Finance, Cass Business School, City, University of London; Lloyd’s Register Foundation (LRF) Chair in Shipping, Trade & Finance; and Founding President of the Governing Body of the International Hellenic University, Greece.
He joined City, University of London in 1982 as Visiting Professor and became Professor of Shipping, Trade and Finance in 1986. He was Pro Vice-Chancellor, City University of London from 1998-2011, Acting Dean, Cass Business School in 2000; Deputy Dean 2001; and Deputy Dean (Undergraduate) City, University of London from 2002-2010. He was the Founding Director of the Cass Centre for Shipping, Trade and Finance in 1983 and became its Chairman in 2012. The Centre was renamed by City, University of London, the Costas Grammenos Centre for Shipping, Trade and Finance in April 2007.
He was responsible for the inception, creation and design of the Centre; and, until 2003, was Director of the world class MSc Shipping, Trade and Finance, introduced in 1984. The Centre introduced the MSc Trade, Transport and Finance in September 1997 (from 2008-2012 known as MSc Supply Chain, Trade and Finance); and the MSc Energy, Trade and Finance in 2003. More than 3700 students, from over 150 countries, have graduated over this period, many of them are holding leading positions in international banking, shipping, and manufacturing sectors. In addition, the Centre has gained international recognition for its applied research in the areas of shipping finance, shipping and financial risk management, commodity trade, energy and finance, and is a major platform for international dialogue between senior business executives, government and academia. Within this framework the Centre organizes the City of London Biennial Meetings (1999-date); the Athens Triennial Meetings (2004-date); and the Onassis Prizes, internationally significant awards for leading academics in Shipping; in International Trade; and in Finance (2008-date).
He was born in February 1944 and raised in Athens. He has a BA in Politics and Economics, Pantion, Athens (1971); and an MSc. in Financial Economics, Bangor, Wales (1977). In 1999 he was awarded the highest academic accolade in the UK, the DSc. in Shipping Finance, by City, University of London for creating – through his published research – ‘Shipping Finance’ as a new academic subject, and for his “significant contribution to knowledge in Shipping, Trade and Finance”
He began his career in the National Bank of Greece in 1962, and was financial shipping expert at the Bank’s head office in Athens, from 1973-1974. He was Independent Researcher and Advisor from 1977 until 1982. He joined City, University of London in 1982 as Visiting Professor and became Professor of Shipping, Trade and Finance in 1986. He teaches Shipping Investment and Finance where, in 1977, he had introduced credit analysis and policy of bank shipping finance which, since then, has been applied by most international banks. He introduced, through the MSc, a new approach in international business, “the spherical approach”. He wrote the well-known seminal monograph on the subject ‘Bank Finance for Ship Purchase’ (1979) University of Wales Press, and overall has written papers and studies published in refereed academic journals and specialist trade publications. Since the mid 1980’s, through his research, class teaching and public presentations, he would draw the attention of the shipping world to the potential of public and private equity and debt markets as new sources for shipping finance. He is the Editor of the major academic publication ‘The Handbook of Maritime Economics and Business’ (2002, 20010), LLP, where 50 leading academics from 30 universities in 19 countries contributed 39 chapters. He has given papers and lectures in various parts of the world.
He was made OBE (Hon) by HM Queen Elizabeth in 1994, for his work in international shipping and finance and CBE (Hon) in 2009 for “services to teaching and research”. In 2013 he was awarded ‘Commander of the Order of the Phoenix’ by the Hellenic Republic for his world leading teaching and research in the maritime industry, and in 2017 became an Honorary Fellow at Bangor University, Wales
He was 1998 Seatrade Personality of the Year; in 2008 he was awarded the prize of Distinguished Personality for his outstanding contribution to the shipping industry by the Association of Banking and Financial Executives of Hellenic Shipping; in 2008 was awarded the ‘Achievement in Education or Training’ at the Lloyd’s List Greek Shipping Awards; and in 2017 was presented with the Capital Link Greek Shipping Leadership Award.
He is Member of the Board of Directors of the Alexander S. Onassis Public Benefit Foundation (1995-date), Member of the American Bureau of Shipping (1996-date), FRSA (1996-date), Founder and Chairman of the City of London Biennial Meetings (1999-date), Chairman, Athens Triennial Meetings (2004-date); Non-executive Member of the Board, Marfin Investment Group (MIG) (2007-2010), Freeman of the City of London (2000), Liveryman of the Worshipful Company of Shipwrights (2002), Fellow of the Chartered Institute of Bankers (2004). He is Visiting Professor at the University of Antwerp (2000-date) and was President of the International Association of Maritime Economists (IAME) (1998-2003); Honorary Fellow, Institute of Marine Engineers, Science and Technology (IMarEST) (2008); First Deputy Chairman, Maria Tsakos Foundation, Greece (2014-date). He is Founding President of the Governing Body of the International Hellenic University, Greece (2006-date).
Qualifications
- DSc (City), City, University of London, United Kingdom, 1999
- MSc (Bangor), University College of North Wales, United Kingdom, 1977
- BA (Athens), Pantion University of Athens, Greece, 1971
Visiting appointments
- Founding President, International Hellenic University, Governing Board, 2006 – present
Fellowships
- Honorary Fellowship, University of Bangor, 2017 – present
- Honorary Fellow, Institute of Marine Engineers, Science & Technology, Mar 2008 – present
- Fellow, Chartered Institute of Bankers, Jan 2004 – present
Memberships of committees
- Appointed to the Advisory Board - to advise the UK Government on issues of Maritime Policies., Maritime 2015 Panel of Experts, 2018 – present
- Elected Honorary Member, Institute of Chartered Shipbrokers, 2016 – present
Memberships of professional organisations
- Member of Council, International Association of Maritime Economists, 2002 – 2006
- Founding Trustee, Institute of Marine Engineers Memorial Fund, 2000 – present
- President, International Association of Maritime Economists, 1998 – 2002
- Fellow, Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA)
Awards
- Capital Link Greek Shipping (2017) Leadership Award
- Queen's Awards (2008) Appointed CBE (Hon)
Appointed CBE (Hon) for 'services to teaching and research'. - The Seatrade Organisation (1998) Seatrade Personality of the Year
- Queen's Awards (1994) Appointed OBE (Hon)
Appointed OBE (Hon) for 'valuable contribution to International Shipping and Finance'
Languages
English and Greek, Modern (1453-).
Expertise
Primary topics
- Banking
- Capital Markets
- Finance
Additional topics
- Risk Management
Industries
- shipping
Geographic Areas
- Americas - Central
- Americas - North
- Americas - South
- Asia
- Europe
- Scandinavia
Research
Research topics
High yield shipping bonds
Shipping IPO's
Public shipping companies performance
Maritime Clusters
Research students
Nicholas Papapostolou
Attendance: 2003 – 2012, full-time
Thesis title: Essay on the US Public Equity and High Yield Bond Markets as a Source of Finance for Shipping Companies
Role: 1st Supervisor
Attendance: Jul 2002 – Nov 2010, part-time
Role: 1st Supervisor
Angelos Arkoulis
Attendance: 2001 – 2006, full-time
Thesis title: Important Factors for Shipping Companies in Raising Funds in the Equity and High Yield Capital Markets
Role: 1st Supervisor
Attendance: May 2000 – May 2005, full-time
Role: 2nd Supervisor
Attendance: Oct 1998 – May 2002, full-time
Role: 2nd Supervisor
Attendance: Oct 1997 – May 2001, full-time
Role: 1st Supervisor
Publications
Book
- Grammenos, C.T. (2010). The Handbook of Maritime Economics & Business. Informa Law from Routledge. ISBN 978-1-84311-880-0.
Chapters (7)
- Grammenos, C.T.H., Dergiades, T., Mazis, G., Meersman, H., Van de Voorde, E. and Vanelslander, T. (2014). Evidence on the pricing of the syndicated loans for the global port industry. Port Infrastructure Finance (pp. 87–110). Taylor and Francis. ISBN 978-1-315-77583-8.
- Grammenos, C.T. and Papapostolou, N.C. (2012). Ship Finance: US High Yield Bond Market. In Talley, W.K. (Ed.), The Blackwell Companion to Maritime Economics (pp. 417–432). USA: Wiley-Blackwell. ISBN 978-1-4443-3024-3.
- Grammenos, C.T. and Papapostolou, N.C. (2012). Ship Finance: US Public Equity Markets. In Talley, W.K. (Ed.), The Blackwell Companion to Maritime Economics (pp. 392–416). USA: Wiley-Blackwell. ISBN 978-1-4443-3024-3.
- Grammenos, C.T. (2010). Revisiting credit risk, analysis and policy in bank shipping finance. In Grammenos, C.T. (Ed.), The Handbook of Maritime Economics and Business Informa Law from Routledge. ISBN 978-1-84311-880-0.
- Grammenos, C.T. (2009). Development & Issues in Shipping Finance. In Meersman, H., Van de Voorde, E. and Vaulslander, T. (Eds.), Future Challenge to the Port & Shipping Sector (pp. 127–141). London: Informa.
- Grammenos, C.T. (2002). Credit Risk Analysis and Policy in Bank Shipping Finance. In Grammenos, C.T. (Ed.), The Handbook of Maritime Economics and Business (pp. 731–761). London: Lloyd's List Informa. ISBN 978-1-84311-195-5.
- Grammenos, C.T. and Marcoulis, S.N. (1996). Shipping Initial Public Offerings: A Cross Country Analysis. In Levis, M. (Ed.), Advances in Finance, Investment and Banking, 2: Empirical Issues in Raising Equity Capital (pp. 379–400). Elsevier - North Holland.
Conference papers and proceedings (26)
- Grammenos, C.T. (2011). Evolutions in Shipping Markets. Experts Meeting: "Tackling Furture Port Challenges: the way forward" Antwerp.
- Grammenos, C.T. (2010). Global Shipping and Finance: From One Decade to the Next (Keynote Speech). Capital Link Greek Shipping Forum: Accessing Capital in Today's Market 23 February, Athens, Greece.
- DSc, C.B.E.G., Th, C. and Grammenos, C. (2009). Keynote Speech. PriceWaterhouseCoopers Shipping Conference London.
- Grammenos, C.T. (2007). Developments and issues in Shipping Finance. Experts Meeting, Antwerp University on Future Challenges for the Port and Shipping Sector.
- Grammenos, C.T. (2007). Public Lecture on Post Second World War Issues and Developments in Shipping Finance. Hong Kong Shipowners' Association HongKong.
- Grammenos, and Th, C. (2007). The Maritime Cluster of Piraeus, London & Oslo. Athens Biennial Meeting Athens.
- Grammenos, C.T., Papapostolou, N.C. and Nomikos, N. (2005). Estimating The Probability of Default For Shipping High Yield Bond Issues. International Association of Maritime Economists Conference Cyprus.
- Grammenos, C.T. (2005). Shipping Finance in the 21st Century. Keynote Speech: BIMCO Centenary General Meeting Copenhagen.
- Grammenos, C.T. (2004). Banks and Capital Markets in Shipping Finance:Challenges and Prospects. Keynote Speech. International Association of Maritime Economists Ismir Conference.
- Grammenos, , Th, C., Alizadeh, , A, , Papapostolou, and C, N. (2004). Factors Affecting the Yield Spreads in the Shipping High Yield Bond Market. International Association of Maritime Economists Ismir Conference Co-authors: Grammenos, C. Th., Alizadeh, A., Papapostolou, N.C..
- Grammenos, C.T. (2003). Ship Finance: Challenges and Prospects. Keynote Speech. BIMCO Barcelona.
- Grammenos, C.T. (2002). Shipping Finance : A Changing World. Maritime World 2025 Conference : Future Challenges & Opportunities - University of Greenwich Greenwich, London.
- Grammenos, C. (2000). Capital Markets and Shipping Companies: Some Conclusions. Maritime Industry Conference Chamber of Shipping, Istanbul.
- Grammenos, C.T. (2000). Challenges and Prospects in Financing the International Shipping Industry. Public Lecture University of Strathclyde, Glasgow.
- Grammenos, C. (2000). Structural Changes and Possible Consequences for the Bulk Shipping and Shipping Finance Sectors. Public Lecture The Propellor Club, London.
- Grammenos, C. (1999). Challenges and Prospects in Shipping and the Shipping Finance Industry in the 21st Century. The first City of London Biennial Meeting, organised by City University, London London.
- Grammenos, C.T. (1999). Keynote speech for round table discussion on "World Shipping: Fat or Lean Times?" Centre for the Study of Financiaql Innovation, London.
- Grammenos, C. (1999). Shipping Finance in 2000 and Beyond. Public Lecture University of Newcastle.
- Grammenos, C. (1998). A Discussion of: 100 Problematic Loans as they stood in 1984; The Shipping Credit Policy of 10 International financial Institutions in the years 1979 and 1994. Intercargo Conference on Dry Bulk Shipping and its Future London.
- Grammenos, C. (1998). Raising Equity through Stock Exchanges: The Shipping Companies Case. The 12th Chua Chor Teck Annual Memorial Lecture Singapore.
- Grammenos, C. (1998). There is still a need for Credit Policy and Analysis in Bank Shipping Finance. Public Lecture Singapore Shipping Association, Singapore.
- Grammenos, C.T. (1984). The Role of an International Bank in the Current Depressed Shipping Market. Public Lecture Hellenic Society of Professional People and Scientists in Great Britain, London.
- Grammenos, C.T. (1981). New and Old Considerations in International Banking for Shipping Finance. Public Lecture Inaugural lecture, Shipping Club, Harvard Business School, Cambridge, USA.
- Grammenos, C.T. (1980). Transnationalisation of the Greek Commercial Banks. Public Lecture Public Lecture organised by the Alumini of Athens College, Athens.
- Grammenos, C.T. (1979). The Changing Pattern of the Greek Commercial Banking System. Public Lecture Public Lecture organised by the Institute of European Finance (Baltic Exchange), London.
- Grammenos, C.T. (1977). The Need for Credit Policy and Analysis in Bank Shipping Finance. Public Lecture Institute of European Finance, Bangor, N. Wales.
Journal articles (8)
- Grammenos, C.T. and Papapostolou, N.C. (2012). US shipping initial public offerings: Do prospectus and market information matter? Transportation Research Part E: Logistics and Transportation Review, 48(1), pp. 276–295. doi:10.1016/j.tre.2011.07.009.
- Grammenos, C.T., Nomikos, N.K. and Papapostolou, N.C. (2008). Estimating the probability of default for shipping high yield bond issues. Transportation Research Part E: Logistics and Transportation Review, 44(6), pp. 1123–1138. doi:10.1016/j.tre.2007.10.005.
- Grammenos, C.T., Alizadeh, A.H. and Papapostolou, N.C. (2007). Factors affecting the dynamics of yield premia on shipping seasoned high yield bonds. Transportation Research Part E: Logistics and Transportation Review, 43(5), pp. 549–564. doi:10.1016/j.tre.2006.07.002.
- Grammenos, C.T. and Arkoulis, A.G. (2003). Determinants of spreads on new high yield bonds of shipping companies. Transportation Research Part E: Logistics and Transportation Review, 39(6), pp. 459–471. doi:10.1016/S1366-5545(03)00054-1.
- Grammenos, C.T.H. and Arkoulis, A.G. (2002). Macroeconomic Factors and International Shipping Stock Returns. International journal of maritime economics, 4(1), pp. 81–99. doi:10.1057/palgrave.ijme.9100033.
- Grammenos, C.T. and Arkoulis, A. (1999). The Long Run Performance of Shipping Initial Public Offerings. International journal of maritime economics, 1(1), pp. 71–93. doi:10.1057/ijme.1999.6.
- Grammenos, C.T. and Choi, C.J. (1999). The Greek Shipping Industry. International Studies of Management & Organization, 29(1), pp. 34–52. doi:10.1080/00208825.1999.11656756.
- Grammenos, C.T.H. and Marcoulis, S.N. (1996). A cross-section analysis of stock returns: The case of shipping firms. Maritime Policy and Management, 23(1), pp. 67–80. doi:10.1080/03088839600000053.
Education
Subject/Academic Leadership
- 2007 - present, Trade & Finance, Lloyd's Register Foundation (LRF) Chair in Shipping
- 1998 - 2011, City University London, Pro Vice-Chancellor
- 2001 - 2010, Deputy Dean
- Aug - Dec 2000, Acting Dean
- 1984 - present, International Centre for Shipping, Trade and Finance, Founding Director
Professional activities
Editorial activity (2)
- Maritime Economics & Logistics, Member of Editorial Board, 1999 – 2008.
- International Journal of Shipping Law, London, Member of Editorial Board, 1995 – 2000.
Events/conferences (40)
- Experts Meeting: "Tackling Furture Port Challenges: the way forward". (Conference) Antwerp (2011). Invited speaker.
Paper: Evolutions in Shipping Markets
Author: Grammenos C. Th - Sixth City of London Biennial Meeting. (Conference) London (2010). Chair and Organising Committee.
- Keynote Speaker: Capital Link's Greek Shipping Forum. (Conference) Greece (2010). Invited speaker.
Paper: Accessing Capital inToday's Markets & Positioning for the Rebound.
Author: Grammenos C. Th - PriceWaterhouseCoopers Shipping Seminar. (Conference) London (2009). Chair.
- Multi-year Experts Meeting on Transport and Trade Facilitation Maritime Transport and the Climate Change Challenge (UNCTAD). (Conference) Geneva (2009). Chair.
- PriceWaterhouseCoopers Shipping Conference. (Conference) London (2009). Invited speaker.
Paper: Keynote Speech
Author: Grammenos CBE, DSc C. Th - Fifth City of London Biennial Meeting. (Conference) London (2008). Chair and Organising Committee.
- Second Athens Biennial Symposium, The Eugenides Foundation. (Conference) Athens (2007). Organising Committee and Chair.
- Hong Kong Shipowners' Association. (Seminar) HongKong (2007). Invited speaker.
Paper: Public Lecture on Post Second World War Issues and Developments in Shipping Finance
Author: Grammenos C. Th - Experts Meeting, Antwerp University on Future Challenges for the Port and Shipping Sector. (Conference) (2007). Invited speaker.
Paper: Developments and issues in Shipping Finance
Author: Grammenos C. Th - Athens Biennial Meeting. (Conference) Athens (2007).
Paper: The Maritime Cluster of Piraeus, London & Oslo
Author: Grammenos C. Th - Fourth City of London Biennial Meeting. (Conference) London (2005). Organising Committee and Chair.
- Keynote Speech: BIMCO Centenary General Meeting. (Conference) Copenhagen (2005).
Paper: Shipping Finance in the 21st Century
Author: Grammenos C. Th - International Association of Maritime Economists. (Conference) Cyprus (2005).
Paper: Estimating the Probability of Default for Shipping High Yield Bond Issues
Author: Grammenos C. Th
Co-authors: Grammenos, C. Th., Nomikos, N.K., Papapostolou, N.C. - First Athens Biennial Meeting, The Eugenides Foundation. (Conference) Athens (2004). Chair and Organising Committee.
- Second Energy Risk Symposium. (Conference) (2004). Chair and Organising Committee.
- Keynote Speech. International Association of Maritime Economists. (Conference) Ismir Conference (2004).
Paper: Banks and Capital Markets in Shipping Finance:Challenges and Prospects.
Author: Grammenos C. Th - International Association of Maritime Economists. (Conference) Ismir Conference (2004).
Paper: Factors Affecting the Yield Spreads in the Shipping High Yield Bond Market
Author: Grammenos C. Th
Co-authors: Alizadeh, A., Papapostolou, N.C. - Third City of London Biennial Meeting. (Conference) Cass (2003). Chair and Organising Committee.
- Alumni Symposium: Greece in the 21st Century - Going International. (Conference) Corfu, Athens (2003). Chair and Organising Committee.
- Keynote Speech. BIMCO. (Conference) Barcelona (2003).
Paper: Ship Finance: Challenges and Prospects
Author: Grammenos C. Th - Safety in Shipping Symposium. (Conference) City University Main Site (2002). Chair and Organising Committee.
- Maritime World 2025 Conference : Future Challenges & Opportunities - University of Greenwich. (Conference) Greenwich, London (2002).
Paper: Shipping Finance : A Changing World
Author: Grammenos C. Th - Second City of London Biennial Meeting: Competition and Innovation within a Global Context. (Conference) Cass (2001). Chair and Organising Committee.
- Public Lecture. (Seminar) University of Strathclyde, Glasgow (2000).
Paper: Challenges and Prospects in Financing the International Shipping Industry
Author: Grammenos C. Th - (Public lecture) The Propellor Club, London (2000).
Paper: Structural Changes and Possible Consequences for the Bulk Shipping and Shipping Finance Sectors - Maritime Industry Conference. (Conference) Chamber of Shipping, Istanbul (2000).
Paper: Capital Markets and Shipping Companies: Some Conclusions - First City of London Biennial Meeting: Before the Millenium, From the City of London. (Conference) Cass (1999). Chair and Organising Committee.
- Keynote speech for round table discussion on "World Shipping: Fat or Lean Times?" (Seminar) Centre for the Study of Financiaql Innovation, London (1999).
Author: Grammenos C. Th - The first City of London Biennial Meeting, organised by City University, London. London (1999).
Paper: Challenges and Prospects in Shipping and the Shipping Finance Industry in the 21st Century - (Public lecture) University of Newcastle (1999).
Paper: Shipping Finance in 2000 and Beyond - The 12th Chua Chor Teck Annual Memorial Lecture. Singapore (1998).
Paper: Raising Equity through Stock Exchanges: The Shipping Companies Case - (Public lecture) Singapore Shipping Association, Singapore (1998).
Paper: There is still a need for Credit Policy and Analysis in Bank Shipping Finance - Intercargo Conference on Dry Bulk Shipping and its Future. (Conference) London (1998).
Paper: A Discussion of: 100 Problematic Loans as they stood in 1984; The Shipping Credit Policy of 10 International financial Institutions in the years 1979 and 1994 - Symposium - Developments in Central Europe and The City of London. (Conference) City University Main Site (1990). Organising Committee and Chair.
- Public Lecture. (Seminar) Grammenos C. Th (1984).
Paper: The Role of an International Bank in the Current Depressed Shipping Market
Author: Hellenic Society of Professional People and Scientists in Great Britain, London - Public Lecture. (Seminar) Inaugural lecture, Shipping Club, Harvard Business School, Cambridge, USA (1981).
Paper: New and Old Considerations in International Banking for Shipping Finance
Author: Grammenos C. Th - Public Lecture. (Seminar) Public Lecture organised by the Alumini of Athens College, Athens (1980).
Paper: Transnationalisation of the Greek Commercial Banks
Author: Grammenos C. Th - Public Lecture. (Seminar) Public Lecture organised by the Institute of European Finance (Baltic Exchange), London (1979).
Paper: The Changing Pattern of the Greek Commercial Banking System
Author: Grammenos C. Th - Public Lecture. (Seminar) Institute of European Finance, Bangor, N. Wales (1977).
Paper: The Need for Credit Policy and Analysis in Bank Shipping Finance
Author: Grammenos C. Th
Media appearances (30)
- Cass professor awarded national honour by Greek President. (2013) All about shipping.
- Record turnout at 7th City of London Biennial Meeting. (2013) All About Shipping.
- Onassis Prizes honour world leading academics. (2012) www.shippingherald.com (website).
- Onassis Prizes honour world leading academics. (2012) www.shippingherald.com (website).
- The Last Word É. (2011) Lloyds List.
- Another Doctor Tsakos. (2011) www.lloydslist.com (website).
- Shipping must be proactive on environment. (2010) Lloyds List.
- Unctad calls foe co-ordinated approach to trade growth. (2010) Lloyds List.
- Poetic tribute to Maria Tsakos. (2010) Lloyds List.
- Modest man's role creates a very grand prize. (2009) Lloyds List.
- Shipping academmic who helped to chart the Five Cs. (2009) Lloyds List.
- Last Word: High Flyers Wanted. (2009) Lloyds List.
- Maritime Honour. (2009) Insight.
- Financial high-flyer. (2009) www.lloydslist.com (website).
- In case you missed it. (2009) Lloyds List.
- Greeks bear gifts. (2009) www.ft.com (website).
- Eugene Fama wins inaugural Onassis Prize. (2008) www.moneyscience.com (website).
- Be prepared fro some irresponsibility. (2008) Daily Telegraph (newspaper).
- Move in the right circles. (2008) Marine Money.
- Boosting excellence. (2007) www.tmcnet.com (website).
- News from the schools, November 2007. (2007) www.economist.com (website).
- Comparative study to assess impact of IPOs. (2007) Calibre Macroworld.
- Business prize to be Nobel achievement. (2007) Daily Telegraph (newspaper).
- Smart money Onassis Prize. (2007) Lloyds List.
- Business prize to be Nobel achievement. (2007) www.telegraph.co.uk (website).
- 'Nobel' proze for shipping launched in London. (2007) Calibre Macroworld.
- Take the doorstep challenge. (2007) The Independent (newspaper).
- Cass shipping chair secured with £1.5m. (2007) www.ft.com (website).
- Cass Shipping Chair Secured with £1.5m. (2007) Financial Times (newspaper).
- Comparative study to asess impact of IPOs. (2007) Lloyds List.