Application Research Of Supply Chain Finance Models And Risk Management In Shipping Industry

Shipbuilding industry is an capital-intensive industries,the range of the cost of one shipis from a few million to hundreds of millions.At the same time, some shipbuildingenterprises are facing the problem of financing for the reason of less mortgage assets, lackof recognized financial statements audited departments and so on。Use the supply chainfinance in shipbuilding, according to the trade chain, banks and large scale shippingindustries will ensure the financing of the whole chain.First, on the condition of purchaseraw materials, the strong corporate of upstream can provide guarantees to shippingindustries in order to promote the realization of the transaction and help slove the problemof financing for shipbuilding enterprises.Secondly,compare to the former “one-to-one”mode between bank and shipping enterprise,the new mode is a link to the bank,coreenterprise of the chain,upstream and downstream enterprises and the third party logisticscompany,making information more transparent and lower the risk for the bank.Thirdly, theapplication of supply chain financing mode can contribute to consultations on an equalfooting with upstream suppliers, the more in-depth cooperation, and iron and steelenterprises and gradually establish a long-term strategic synergies to strengthen theinteraction between enterprises, to enhance the entire shipbuilding supply chain corecompetitiveness.In addition, the use supply chain finance in shipbuilding industry not onlyexpend banking but also take great benefit to shipbuilding industry,is a win-win mode.First, this paper analyzes the basic characteristics and operation of the status quo ofChina’s shipbuilding industry. Shipbuilding industry as the country’s pillar industry hasalways been the strong support and guidance of the national government, production,hand-held orders continue to record high, stable growth. Overall, the shipping industry has ahigh manufacturing cost, the demand for funds. From the point of view of the shipbuildingindustry chain, the shipbuilding industry with a wide range of associated demand-driven andthe increasingly high cost of production. Compared to other industries, shipbuilding industryhas the long payback period, risk, and the gradual diversification of financing modelfeatures. Shipbuilding industry from the industrial structure, mainly to shipbuilding, whichthe nature of the business is mostly limited liability companies, private enterprisesaccounted for the majority, that is, on the demand for capital and the state-owned enterprises;can be seen through the imports and exports, China ship high export dependence, orders mostly from foreign buyers.Second,Considering the stuation of shipbuilding supply chain and the characters ofsupply chain finance, this article analysis the supply chain modes between shiping enterprise,upstream and downstream enterprises.When cooporation with upstream enterprise,according to the size of the supplier and different relationships with shiping enterprise,divided into prepayment financing or accounts receivable financing mode. Shipbuildingenterprise can take advantage of self-construction raw materials in pledge financing to solvethe problem of the short funds.Because of the the current economic situation and therequirements of the shipowner, the idea of use their credit financing for shipowners issuggested.After analysis the viable model for supply chain financing in shipbuilding industry, thearticle use the thoughts of Var and ERM to management risk.