Nikos Papapostolou

Nikos is a Senior Lecturer in Shipping Finance at the Costas Grammenos Centre for Shipping, Trade and Finance. He holds a BSc in Money, Banking and Finance from the University of Birmingham, an MSc in Shipping, Trade and Finance and a PhD in Finance from City, University of London. He is involved in Shipping Finance Executive training in collaboration with the Baltic Exchange and acts as a consultant to industry clients.

His research interests are in the field of shipping investment and finance, with a focus on capital markets as a source of finance for shipping companies, investors’ sentiment and behavior in the shipping industry, freight options pricing and vessel valuation, technical analysis trading rules, and commodity derivatives.

Qualifications

• PhD in Shipping Finance, City, University of London, United Kingdom
• MSc in Shipping, Trade and Finance, City, University of London, United Kingdom
• BSc in Money, Banking and Finance, University of Birmingham, United Kingdom

Administrative Role

MSc Shipping, Trade and Finance; Co-Director, Sep 2015 – Dec 2016

Employment

• External Examiner, MSc International Shipping and Finance, University of Reading, Reading, Jan 2016 – Jan 2019
• Lecturer in Shipping Finance, City, University of London, Jan 2012 – Jan 2013
• Researcher, City, University of London, Jan 2002 – Jan 2012

Memberships of Professional Organisations

• International Association of Maritime Economists (IAME)
• International Economics and Finance Society UK Chapter

Languages

Greek, Modern (1453-).

Expertise

Primary Topics

• Asset Pricing
• Capital Markets
• Commodities
• Finance
• Shipping
• Shipping, Trade & Finance
• Transportation

Industries/Professions

• commodities
• energyoil & gas
• shipping
• transportation

Chapters (2)

• 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.

Journal Articles (14)

• Kyriakou, I., Pouliasis, P.K., Papapostolou, N.C. and Andriosopoulos, K. (2017). Freight Derivatives Pricing for Decoupled Mean-Reverting Diffusion and Jumps. Transportation Research Part E: Logistics and Transportation Review, 108, pp. 80–96. doi:10.1016/j.tre.2017.09.002.
• Pouliasis, P.K., Kyriakou, I. and Papapostolou, N.C. (2017). On equity risk prediction and tail spillovers. International Journal of Finance and Economics, 22(4), pp. 379–393. doi:10.1002/ijfe.1594.
• Papapostolou, N.C., Pouliasis, P.K. and Kyriakou, I. (2017). Herd behavior in the drybulk market: an empirical analysis of the decision to invest in new and retire existing fleet capacity. Transportation Research Part E: Logistics and Transportation Review, 104, pp. 36–51. doi:10.1016/j.tre.2017.05.007.
• Kyriakou, I., Pouliasis, P., Papapostolou, N.C. and Nomikos, N.K. (2017). Income Uncertainty and the Decision to Invest in Bulk Shipping. European Financial Management . doi:10.1111/eufm.12132.
• Kyriakou, I., Pouliasis, P.K. and Papapostolou, N.C. (2016). Jumps and stochastic volatility in crude oil prices and advances in average option pricing. Quantitative Finance, 16(12), pp. 1859–1873. doi:10.1080/14697688.2016.1211798.
• Papapostolou, N.C., Pouliasis, P.K., Nomikos, N.K. and Kyriakou, I. (2016). Shipping investor sentiment and international stock return predictability. Transportation Research Part E: Logistics and Transportation Review, 96, pp. 81–94. doi:10.1016/j.tre.2016.10.006.
• Kyriakou, I., Nomikos, N.K., Papapostolou, N.C. and Pouliasis, P.K. (2016). Affine-Structure Models and the Pricing of Energy Commodity Derivatives. European Financial Management, 22(5), pp. 853–881. doi:10.1111/eufm.12071.
• Papapostolou, N.C., Nomikos, N.K., Pouliasis, P.K. and Kyriakou, I. (2014). Investor sentiment for real assets: The case of dry bulk shipping market. Review of Finance, 18(4), pp. 1507–1539. doi:10.1093/rof/rft037.
• Andriosopoulos, K., Doumpos, M., Papapostolou, N.C. and Pouliasis, P.K. (2013). Portfolio optimization and index tracking for the shipping stock and freight markets using evolutionary algorithms. Transportation Research Part E: Logistics and Transportation Review, 52, pp. 16–34. doi:10.1016/j.tre.2012.11.006.
• Nomikos, N.K., Kyriakou, I., Papapostolou, N.C. and Pouliasis, P.K. (2013). Freight options: Price modelling and empirical analysis. Transportation Research Part E: Logistics and Transportation Review, 51(1), pp. 82–94. doi:10.1016/j.tre.2012.12.001.
• 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.
• Dikos, G. and Papapostolou, N.C. (2002). The Assessment of Market Efficiency in the Shipping Sector: A New Approach. Journal of Maritime Policy and Management, 29, pp. 179–181. doi:10.1080/03088830110086347.

Editorial Activities (8)

• Journal of Commodity Markets, Referee, 2017 – present.
• International Journal of Financial Markets and Derivatives, Referee, 2017 – present.
• Quantitative Finance and Economics, Referee, 2017 – present.
• International Journal of Financial Engineering and Risk Management, Referee, 2016 – present.
• Maritime Policy and Management, Referee, 2015 – present.
• Energy Economics, Referee, 2013 – present.
• The European Journal of Finance, Referee, 2013 – present.
• Transportation Research Part E: Logistics and Transportation Review, Referee, 2010 – present.