The Study Of Enterprise Risk Management Of Shipping Company

Risk Management becomes more and more important during the development from simple risk processing to Enterprise Risk Management, as it is proved to optimize social resource allocation, reduce crisis cost and increase stockholders' value. Shipping companies always have the features of high input, low profit and high risk, so it is imminent for them to develop Enterprise Risk Management to improve their competitiveness.Chapter 2 researches Enterprise Risk Management's concept, functions, management system and main procedure, including risk sort, risk identification, risk evaluation and risk processing. Chapter 2 also introduces some risk managing technologies such as brain storming, simulation analysis, SWOT analysis, FMEA and so on. Chapter 3 analyzes some major risks in shipping companies like international operation, vessel investment and credit management. Chapter 4 studies the specialties of shipping company in developing Enterprise Risk Management and its crucial risks' management based on the technologies introduced in Chapter 2.The conclusion is that it is very important for shipping companies to study advanced international risk management theories and technologies and develop Enterprise Risk Management which is compatible with themselves.