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.
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Corporate Authors:
500 Fifth Street, NW
Washington, DC United States 20001 -
Authors:
- Theofanis, Sotiris
- Dimitriadis, Dimitrios
- Xiradakis, George
- Boile, Maria
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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