The Development And Application Of Financial Tools In The Shipping Industry

In the circumstance of economic and financial globalization, worldwide industrial upgraded and structure adjusted. The Chinese shipping industry has developed for 32 years of reform, and made important progress in contacting with capital market development. With improving of China shipping infrastructure and strengthen of each service function continuously, it has quicken the gathering of shipping elements. The continuous agglomeration inevitably brought huge development space for the development of China's shipping finance. But China shipping financial development is just in its beginning stage for it has very a big disparity with shipping financial centers, which were internationally recognized. China's shipping financial policies, laws and regulations are in lack of competitiveness. Professional services related with shipping finance business developed slowly. Shipping financial service and technical ability is far behind abroad, and are shortage of shipping financial talent.This article researched development and application of financial tools in the shipping industry. It hoped by discussing the positive role played by financial tools in the shipping industry, we can provide some operational suggestions for the development and management of our country shipping industry. This article began with the theories of financial tools and shipping finance. Based on the relevant theoretical study, we analyzed the development of domestic and foreign shipping industry and the opportunities and challenges. By analyzing the disadvantages of our country shipping industry, we proposed some suggestions on how to use financial tools to promote China's shipping industry development.