Melas Konstantinos - Τμήμα Ναυτιλιακών Σπουδών Πανεπιστημίου Πειραιά

Νame: Melas Konstantinos
Role: Assistant Professor
Field: Maritime Economics
Department: Department of Maritime Studies
Office: 609/G. Lambraki 21 Building
Telephone: (+30) 210 414 2530
E-mail: kmelas[at]unipi[dot]gr
Website: https://kdmelas.eu/

Konstantinos D. Melas is an Assistant Professor of Maritime Economics at the University of Piraeus. His academic expertise lies in maritime economics, freight rate volatility, behavioral finance in shipping, and logistics management.

He holds a Ph.D. in Behavioral Finance in Shipping Markets from the Cyprus University of Technology and an MSc in International Accounting and Finance from Bayes Business School, City, University of London.

His research explores the dynamics of global shipping markets, the impact of commodity prices on freight rates, economic policy uncertainty, and sentiment-driven behavior in maritime investment. He has published extensively in peer-reviewed journals, including International Economics, German Economic Review, Review of Behavioral Finance, and Maritime Economics & Logistics.

Konstantinos has taught undergraduate and postgraduate courses in Greece and abroad, actively participates in international academic conferences and EU-funded research projects, serves as a peer reviewer for leading journals, and collaborates with industry professionals to bridge the gap between theory and shipping practice.

NA207 – Introduction to Shipping
NA403 – Transportation Economics

Maritime Economics and Freight Markets: Analysis of the dynamics of dry bulk, tanker, and container shipping markets, focusing on the determinants of freight rate formation.
Economic Policy Uncertainty and Macroeconomic Linkages: Examination of how economic, geopolitical, and energy-related uncertainties influence maritime and financial markets.
Behavioral Finance in Shipping: Investigation of investor sentiment, herd behavior, and the psychological dimensions of investment decision-making within maritime asset markets.
Commodity Prices and Energy Markets: Study of the interaction between commodity prices, bunker fuel costs, and inflationary pressures in global shipping.
Supply Chain Finance and Sustainability: Exploration of innovative financing mechanisms that enhance liquidity, resilience, and sustainability across global supply chains.
Digital Transformation and Artificial Intelligence in Maritime Transport: Assessment of AI-driven tools, automation, and analytics in optimizing decision-making and operational efficiency in shipping.

Tuesday 1300 – 1500
Wednesday 1000 – 1200

Publications in Refereed Journals

Michail, N.A., & Melas, K.D., (2025). “Inflation in Transit: The Freight–PPI Connection”. Economics Letters, Volume 256, 112637 (3* ABS).
Atsalakis, G.S., Atsalaki, I.G., Melas K.D., & Michail, N.A., )2025.“Baltic dry index forecasting by neuro fuzzy technique”. Journal of Economics and Finance. Volume 49, pages 682–709
Michail N.A., & Melas K.D.,(2025). ” Measuring the impact of port congestion on containership freight rates”. Maritime Transport Research. Volume 8, 100130
Karamperidis, S., Melas, K.D. and Michail, N.A.,(2024). “Econometric Insights into LNG Carrier Port Congestion and Energy Inflation: A Data-Driven Approach”. Commodities, 3(4), pp.462-471.
Melas K.D., Michail, N.A, & Louca K.G., (2025). “Trade uncertainty, economic policy uncertainty and shipping costs”. German Economic Review,26(1): 15–33, (2* ABS).
Melas, K.D., Faitatzoglou, A., Michail, N.A. and Artemiou, A., (2024). “Volatility Spillovers among the Major Commodities: A Review”. Journal of Risk and Financial Management, 17(8), p.365.
Melas K.D., & Michail N.A., (2024). ” Can commodity prices predict the stock market returns of shipping companies?”. Journal of Shipping and Trade, 9(1), p.20
Bentsos, C., Koursaros, D., Louka, K.G., Melas, K.D. and Michail, N.A., (2023). “Liquefied Natural Gas Prices and Their Relationship with a Country’s Energy Mix: A Case Study for Greece”. Energies, 16(22), p.7554.
Michail N.A., Melas K.D., & Louca K.G. (2023). “Determinants of Ship Management Revenues: The Case of Cyprus”. Economies, 11(7):184 (ABS 1*).
Melas, K. D., & Michail, N. A. (2023). “Buy together, but recycle alone: Sentiment-driven herding behavior in oceanic dry bulk shipping”. Review of Behavioral Finance, 15(4), 534-549 (ABS 1*).
Michail, N. A., & Melas, K. D. (2023). “Containership new-building orders and freight rate shocks: A “wait and see” perspective”. The Asian Journal of Shipping and Logistics, 39(1), 30-37.
Michail, N. A., Melas, K. D., & Cleanthous, L. (2022). “The relationship between shipping freight rates and inflation in the Euro Area”. International Economics, 172, 40-49 (ABS 2*).
Michail, N. A., & Melas, K. D. (2022). “Geopolitical risk and the LNG-LPG trade”. Peace Economics, Peace Science and Public Policy, 28(3), 243-265.(ABS 1*).
Michail, N. A., & Melas, K. D. (2022). “Covid-19 and the energy trade: Evidence from tanker trade routes”. The Asian Journal of Shipping and Logistics, 38(2), 51-60.
Melas, K. D., Panayides, P. M., & Tsouknidis, D. A. (2022). “Dynamic volatility spillovers and investor sentiment components across freight-shipping markets”. Maritime Economics & Logistics, 24(2), 368-394.(ABS 1*).
Michail, N.A., & Melas, K.D. (2021). “Sentiment augmented supply and demand equations for the dry bulk market“. Economies9: 171. (ABS 1*) .
Melas K.D. & Michail N.A., (2021). “The relationship between commodity prices and freight rates in the dry bulk shipping segment: A Threshold Regression approach”. Maritime Transport Research, vol. 2, p.
Michail, N.A., & Melas, K.D. (2021). “How long do we keep up with the Joneses? Herding time horizons in the dry bulk shipping markets“. The Asian Journal of Shipping and Logistics, 37, 2. P. 184 -191.
Michail, N.A., Melas, K.D., & Batzilis D. (2021). “Container shipping trade and real GDP growth: A panel vector autoregressive approach“. Economics Bulletin, vol. 41, 2. P. 304 – 315.
Michail, N. A., & Melas, K. D. (2021). “Market interactions between agricultural commodities and the dry bulk shipping market”. TheAsian Journal of Shipping and Logistics, vol. 37, 1. p. 73 – 81.
Michail, N.A., & Melas, K.D. (2020). “Quantifying the relationship between seaborne trade and shipping freight rates: A Bayesian vector autoregressive approach“. Maritime Transport Research, p.100001.
Michail, N. A., & Melas, K. D. (2020). “Shipping markets in turmoil: An analysis of the Covid-19 outbreak and its implications.” Transportation Research Interdisciplinary Perspectives, 7, 100178.
Michail, N.A. & Melas, K.D., (2019). “A cointegrating stock trading strategy: application to listed tanker shipping companies”, Journal of Shipping & Trade, 4, 9.
Christou, P., Hadjielias, E., & Melas, K. (2018). “Nostos within the tourism context: Perspectives from young adults”, Journal of Tourism Research, vol. 19, p. 147-158

Βook Chapters & Conferences Proceedings

Karamperidis, S., Michail, N.A. and Melas, K.,(2023), “LNG Carriers’ Discharge Waiting Time and Energy Inflation” In International Conference on Applied Economics (pp. 531-536). Cham: Springer Nature Switzerland.
Michail, N. A., & Melas, K. D. (2022). “Commodity Prices and Dry Bulk Shipping Stock Returns” In International Conference on Applied Economics(pp. 517-526). Cham: Springer International Publishing.
Melas K.D. (2019). “Corporate governance in the shipping industry”, in P.M. Panayides, Routledge Handbook of Maritime Management, Routledge Taylor & Francis.

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