Study On The External Risk Identification And Control For Shipping Companies

In recent years, along with the shipping Price, the bunker oil Price, the exchange rate and the interest rate level large scale undulation, the shipping enterprise management is facing the huge market risk; these market risks have brought a series of questions for the shipping enterprise, financial control and the financial decision-making, for example The Changhang Phoenix asset-liability ratio has been more than100%,the profit growth of each shipping enterprise is below0%, how to control the external risks and the bad effect of external risks is urgent for shipping enterprises, and it will negatively affect the development of shipping enterprisesThe external risks is a new theory, and it has not been defined correctly,no complete method of recognition, assessment and control has been put forward and the present method just aims as the financial risks or market fluctuation risk. The paper combines the financial risk method to the shipping external risk control, and puts forward a new shipping-financial risks control method. The paper aims at the recognition and assessments methods of shipping enterprises’ external risks and the research of the relationship of the external risks and financial risks. First recognize the external risks by fitting the tendency of the risk index and financial index, and then calculate the index of external risks by calculating the deviation risk, tendency risk and absolute risk and defining the weights of each risk.The paper uses the sensitivity theory to describe the effect of the external risks on the financial indexes, and puts forward controlling the path of risks spreading to control the financial risks and finally puts forward the financial engineering tools to control the external risks of shipping enterprises such as futures and options of freight oil interest rates and RMB interest rates.