Study On Ship Assets Valuation

Asset valuation is an international socio-economic activity, and arises from social development and progress, especially the rapid development of large-scale socialized production and commodity exchange. In China, the rise of asset valuation is in the process of the reform and opening up, and the development of socialist market economy. In order to adapt the development and change of shipping market, international shipping enterprise need to timely make decisions to buy or sell, build and charter ships, to find new shipping business mode, to joint other enterprise to build up new liner unions or transportation alliances, to implement reconstructions, mergers, acquisition of other enterprise, and so on. In such transactions, all trading ships need the assets evaluation. In our country, with the development of socialist market economy, ship asset appraisal comes along as the ship trade, transfer, mortgage, leasing, insurance, guarantees and damage compensation.In view of the current lack of study on ship assets valuation, the related contents of ship assets valuation are studied systematically based on the content of assets valuation, including types, characteristics, principles, basic elements, evaluation procedure and evaluation report of ship assets valuation. The impacts of ship performances, main equipment status, operation and sailing area, age of ship, ship certificates and the construction nation are analyzed. The main work of the paper embodies in the following three aspects.Combined with the characteristics of the ship assets, the cost method, the market method and the income method are studied on ship assets valuation. Application preconditions, assessment procedures, the advantages and disadvantages are analyzed for the evaluation methods. According to the theory of technical economics, the present value method is applied in ship assets assessment. The applications of ship assets valuation methods are analyzed in ship assets assessment. The applicable conditions of the methods are compared.The method of ship assets assessment is studied based on the BP neural network. The BP neural network has massively parallel, distributed storage and processing, self-organizing, self-adapting and self-learning ability, and particularly is suitable for problems with the simultaneous consideration of many factors and conditions, imprecise and vague information. It can be achieved from input to output arbitrary nonlinear mapping characteristics. The BP neural network asset evaluation method is studied for second-hand ships and hulks. Two kinds of BP neural network models are established to estimate second-hand ship price. One model takes the load as input; the other model takes the load and the year of building as input at the same time. Three kinds of BP neural network models are established to estimate the light weight of hulk. The models respectively take the length, the load and the principal dimensions as input.Safety risks influence the value of the ship. Therefore, the ship assets assessment at the same time, the influence of safety risks should be considered to the ship value. The process of ship assets assessment is studied based on the safety risks. A new way and formula of ship assets assessment is put forward based on the safety risks. By ship safety risks analysis to determine the level of ship safety risks, and calculate the discount rate of ship safety risks, thereby the value of ship assets is determined by taking account of ship safety risks. The application research is carried out for fishing boats. The status of fishing vessels is analyzed. The Formal Safety Assessment is briefly introduced. The safety risks of the total loss that is the most harmful to the fishing vessels safety are analyzed by FSA. The accidents are classified. The causes of the accidents are analyzed. The risk assessment is carried out for the total loss of fishing vessels. The suitable risk matrix is established. The risk control project and decision-making suggestions are put forward to fishing vessels safety. The discount rate of fishing vessels safety risk is studied. The specific calculation formula is put forward.