Financing Credit Risk Rating of Roll-on Roll-off and Roll-on Roll-off Passenger Ship or Ferry (RoPAX) Shipping Companies: Application to Greek Coastal Shipping Industry

This paper presents a methodology for calculating financing credit risk rating for shipping companies active in Ro-Ro (Roll on-Roll off) and ROPAX (combined passenger and vehicle vessels) services. The methodology is based on a simple multi-attribute rating technique (SMART) and a judgmental approach regarding weights and scoring. Scoring is based on the standard assessment measures employed by credit rating services. The Ro-Ro and ROPAX shipping services have a significant impact on the connectivity of island regions (e.g. East Mediterranean) and the viability and creditworthiness of the shipping companies depend on a series of specialized factors. The paper presents and analyses these factors along a structured rating and scoring approach. An application of this approach on real data of a shipping company is also presented and analyzed.

• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Theofanis, Sotiris
  • Dimitriadis, Dimitrios
  • Xiradakis, George
  • Boile, Maria
• Conference:
  • Transportation Research Board 90th Annual Meeting
  • Location: Washington DC, United States
  • Date: 2011-1-23 to 2011-1-27
• Date: 2011

Language

• English

Media Info

• Media Type: DVD
• Features: Figures; References; Tables;
• Pagination: 13p
• Monograph Title: TRB 90th Annual Meeting Compendium of Papers DVD

Subject/Index Terms

• TRT Terms: Cash flow; Credit; Economic efficiency; Finance; Revenues; Risk assessment; Roll on roll off shipping; Ship lines; Ship operations
• Geographic Terms: Greece
• Subject Areas: Finance; Marine Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 01340315
• Record Type: Publication
• Report/Paper Numbers: 11-4066
• Files: TRIS, TRB
• Created Date: May 18 2011 11:43AM