Assessment for shipping industry: strengths, weaknesses, opportunities, threats and financial evaluation
Master Thesis
Συγγραφέας
Στασινόπουλος, Νικόλαος Α.
Ημερομηνία
2012-09-04Επιβλέπων
Θαλασσινός, ΕλευθέριοςΠροβολή/ Άνοιγμα
Θεματική επικεφαλίδα
Ναυτιλία -- Οικονομικές απόψεις ; Ναυτιλιακές επιχειρήσεις ; Ναυτιλιακή οικονομικήΠερίληψη
This assessment has been inspired from the global recession and the future of the traditional Greek industry of shipping. Various opinions about trends are being announced now and then but it was worth to attempt encode and analyze the financial status and the management strategies of this business sector. Therefore the most reliable source of data that we could have which also could be audited is the NYSE listed shipping companies' financial statements. What has been observed during the collection of the data is that some of the currently listed companies do not exist anymore although they had a history in the stock market life or they have been very recently listed and as a result there are no sufficient data for at least 4 years now in order to implement our financial models properly. Therefore, the common point of the majority of the companies that have been chosen to be analyzed is the at least four years continuously reporting in the NYSE committee. At the first part of this assessment the strengths, opportunities, weaknesses and threats are analyzed individually for each company and then summarized in one general model of characteristics which are common for this group of companies. The categorization of the companies in bulk carriers and tankers would be very difficult if not feasible since many of the listed companies are managing/operating or owning both types of vessels. The later one is indeed a characteristic for these companies in order to diversify the risk of transportation. The diversification is not only focused on the shipping segments that a company is activated, but also in the size, type and sub-markets. The need to reduce the risk is very significant since this is the basis for the continuation of each company.