集装箱航运企业船舶融资风险评价研究

发布时间：2018-01-27 15:13

本文关键词： 船舶融资风险评估层次分析法　出处：《大连海事大学》2012年硕士论文　论文类型：学位论文

【摘要】：航运业是一个资本密集型产业,投资额巨大,投资回报期长,回报率不稳定,经营风险较高的行业。而造买船所面临的巨额资金需求,则是困扰船东和造船企业已久的非常棘手的问题之一。因此,能否寻找到最合适的融资渠道、最适合企业发展的融资方式,是集装箱航运企业扩充船队运力,增强竞争力所最倍受关注的问题。“落雨平常事,有伞万事足”——这便是航运与融资的关系。船舶融资活动受到政治、经济、航运市场、企业内部条件尤其是金融市场等诸多因素的制约,银行融资风险、贷款担保风险、船东违约,弃船风险、在建船舶抵押风险、船厂恶意逃避银行债务风险诸等情况均有可能发生。所以有必要及时认识集装箱航运企业在船舶融资过程中的风险,做出正确的评估以及采取必要的规避措施,以提高船舶工业抵御风险的能力。首先,本文从集装箱航运企业船舶融资的现状入手,在论文的前面部分介绍了船舶融资各阶段的发展史,船舶融资的各种方法、特点以及详细分析。接着,通过认识融资风险理论,文章深刻剖析了集装箱航运企业在船舶融资过程中可能遭遇的各种风险,并针对这些风险,给出了近年来航运业融资风险的一些具体的表现。船舶融资风险是不可避免的,但是如果能够对融资风险进行科学的识别和评价,得到融资风险后果发生的概率、严重程度和大小,那么我们的集装箱航运企业就能及时在复杂的融资环境中选择合适的船舶融资渠道和方式,以最大程度地规避船舶融资风险。在对影响集装箱航运企业融资风险的因素分析之后,在文章的核心部分,运用层次分析法(AHP),对集装箱航运企业船舶融资风险进行了评估,得到了风险因素的重要度排序,并给出了最优的融资方案。文章的最后,针对融资风险,提出了集装箱航运企业融资风险防范和规避的一些措施和建议。
[Abstract]:Shipping industry is a capital-intensive industry with huge investment, long period of return on investment, unstable rate of return and high risk of operation. Therefore, whether to find the most suitable financing channels and the most suitable financing mode for the development of enterprises is the container shipping enterprises to expand fleet capacity. The most important issue to enhance competitiveness. "the rain is normal, the umbrella is everything"-this is the relationship between shipping and financing. Ship financing activities are subject to political, economic, shipping markets. The internal conditions, especially the financial market, are restricted by many factors, such as bank financing risk, loan guarantee risk, shipowner default, abandonment risk and mortgage risk of ships under construction. Therefore, it is necessary to understand the risks of container shipping enterprises in the process of ship financing, to make a correct assessment and to take necessary measures to avoid them. To improve the ship industry's ability to withstand risks. First of all, this paper starts with the status quo of ship financing in container shipping enterprises. In the first part of the paper, it introduces the development history of ship financing, various methods, characteristics and detailed analysis of ship financing. Through the understanding of financing risk theory, the paper deeply analyzes the various risks that container shipping enterprises may encounter in the process of ship financing, and aims at these risks. The paper gives some concrete performance of shipping financing risk in recent years. Ship financing risk is inevitable, but if the financing risk can be scientifically identified and evaluated. If we get the probability, severity and magnitude of the consequences of financing risk, then our container shipping enterprises can choose the appropriate ship financing channels and methods in the complex financing environment in time. In order to avoid ship financing risk to the greatest extent. After analyzing the factors affecting the financing risk of container shipping enterprises, in the core part of the article, the use of Analytic hierarchy process (AHP). The ship financing risk of container shipping enterprises is evaluated, the importance of risk factors is ranked, and the optimal financing scheme is given. Finally, aiming at financing risk. This paper puts forward some measures and suggestions to prevent and avoid the financing risks of container shipping enterprises.
【学位授予单位】：大连海事大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F552.6

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