| With the rapid development of global maritime industry, shipping companies are facing increasing competition pressure; reducing shipping costs is becoming a more and more important way for company's survival and income growth. Maritime risk costs is an important part of shipping costs and have a great influence on company's revenue, so its analysis is very useful.This paper is divided into three parts to analyze maritime risk costs:In the first part, following a description of the fundamental concepts / terms applicable in maritime risk costs management, the various methods by which ship-owners might use are analyzed. The advantages and disadvantages of each of the methods are addressed and examples of their potential use are provided. Based upon the premise of rational decision-making, an economic explanation for maritime risk costs management is deduced from first principles and a distinction is drawn between the choice context of individual ship-owners and that of maritime regulatory authorities. By integrating these two contexts, a conceptual approach to the application of cost-benefit analysis in maritime safety regulation is derived.The second part mainly discusses the definition and formulation of maritime risk costs (maritime risk control costs and maritime risk loss costs). Based on the discussion, its recognizing and recording principles are provide, then a way of recording and reporting maritime risk costs is given at the end of this part.In the third part, this paper mainly discusses the economic way of analyzing and evaluating maritime risk costs management performance and the decision-making analysis based on economic principles. A maritime risk costs correlation analysis model is given in the end and a positive research example on maritime risk costs is done by using this correlation analysis model. |
