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 proposes a credit scoring model for the empirical assessment of default risk drivers of shipping bank loans …. A unique dataset, consisting of the credit portfolio of a ship-lending bank is used to estimate a logit model with two … expected conditions in the extremely volatile global shipping freight markets, the risk appetite of borrowers – the shipowners …

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 …