일반산업
Liquidity Risk Analysis of Major Medium-sized Shipbuilders
2009-10-13LEE, Eun-Chang
목차
요약
Rising need for operating funds could create liquidity problems
Small-to-mid sized shipbuilders face a liquidity crisis
With no new orders or early payments, the need for operating funds to fill existing orders is growing rapidly. As a result, small-to-mid sized shipbuilders face a liquidity crisis.
For example, Sekwang Heavy Industries was not targeted for restructuring, but is now
experiencing temporary liquidity problems.
Liquidity analysis of major shipbuilders, focusing on order payments and deliveries
Assistance for top firms and political funds and new markets for shipyards are needed
Targeted measures are needed, such as production funding for liquidity problems stemming from rising sales, delayed settlement for derivative contracts, and the restructuring of RG payments into loans. The resale of ships that are completed under RG agreements and bridge loans for delayed payments should be considered.
Shipyards should aggressively make use of assistance from state-run banks, and new growth engines should be pursued to reduce long-term uncertainty.
Small-to-mid sized shipbuilders face a liquidity crisis
With no new orders or early payments, the need for operating funds to fill existing orders is growing rapidly. As a result, small-to-mid sized shipbuilders face a liquidity crisis.
For example, Sekwang Heavy Industries was not targeted for restructuring, but is now
experiencing temporary liquidity problems.
Liquidity analysis of major shipbuilders, focusing on order payments and deliveries
Assistance for top firms and political funds and new markets for shipyards are needed
Targeted measures are needed, such as production funding for liquidity problems stemming from rising sales, delayed settlement for derivative contracts, and the restructuring of RG payments into loans. The resale of ships that are completed under RG agreements and bridge loans for delayed payments should be considered.
Shipyards should aggressively make use of assistance from state-run banks, and new growth engines should be pursued to reduce long-term uncertainty.