reverse conditions between shipping, financial, commodity and credit markets. We find that shocks in the shipping market … market downturns. In the post crisis period the level of dependence drops systematically and the shipping market becomes more … variations in volatility, provoke accelerated decreases and function as a barometer of shipping market fluctuations …

This paper proposes a credit scoring model for the empirical assessment of default risk drivers of shipping bank loans … expected conditions in the extremely volatile global shipping freight markets, the risk appetite of borrowers – the shipowners …

In this paper, we use a logit model to predict the probability of default for Korean shipping companies. We explore … numerous financial ratios to find predictors of a shipping firm’s failure and construct four default prediction models. The … indicates that utilizing information about unique financial characteristics of the shipping industry may enhance the performance …

This paper aims to model the probability of a borrower violating an asset value covenant in a shipping bank loan … on the largest dataset of shipping bank loans examined to date. Results reveal that the initial amount of loan over the …

This paper analyzes the empirical relationship between credit default swap, bond and stock markets during the period …