The Research On The Risk Evaluation Of The Shipping Financial Leasing For The Private Shipping Companies

The shipping financial leasing, as a new way of shipping financing, develop relatively late and immature in our country. But in recent years, with the continuous development of the shipping financing market, shipping financial leasing which is promoted actively by financial leasing companies is considered as the bright future relying on the unique advantages. However, the shipping itself is a capital-intensive industry with cyclical changes, which brings the shipping financial leasing more uncertainties and higher risks. Additionally, private shipping companies as the main customers of shipping financial leasing enterprises, enlarge the risks due to their credit problems and poor abilities to resist risks. At present, domestic research about the risks of the shipping financial leasing is scarce, and especially lack ones combining with customers'characteristics, projects'factors and features of shipping market. Therefore, the research on the risks of shiping financial leasing for the private companies is necessary and meaningful.This paper sums up the advantages that the private shipping companies employs financial leasing mode and analyses the characteristics and risk of financial leasing item from the point of ship financing form and basic concepts and classification of shipping financial leasing. In Chapter 3, the index system established is posed by five basic indicators, including qualification status, financial status, project risk factors, the shipping market risk and policy risk, which is based on the analysis of existing research and the summary of practical experience and follows the principles of how to set up the evaluation index system of shipping finance leasing project. In Chapter 4, the risk assessment model of shipping finance leasing project is set up through the BP neural network which has been used maturely. Finally, this paper evaluates the risk of a private shipping company's financial leasing project and verifies the feasibility of index system and model application through the example analysis. In the part of conclusion, shortcomings existing and outlook of shipping finance leasing project research in this paper are elaborated.