Non-performing loans in shipping credit portfolios

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Dr. Sebastian Köhn

Principal Shipping Sector Analyst

Commerzbank AG

On April 24th, 2013 Dr. Sebastian Köhn (Principal Shipping Sector Analyst) will give a lecture on the topic "Non-performing loans in shipping credit portfolios with a focus on Container dominated portfolios of German ship financing banks". The lecture is open to the public. Space is limited, so please register ahead of time.

Abstract

The last five years have been very exciting times in the shipping industry. Almost the entire shipping business is in trouble. Today the most striking questions in risk departments of ship financing banks are: How much are we going to lose during the crisis? or: Will borrowers be able to meet year’s end? This presentation concentrates on shipping banks’ future using an artificial benchmark portfolio. The focus is on the Container over-weighted credit portfolios of the German shipping banks.
To answer the above mentioned questions, average break-even thresholds are compared to earnings for each portfolio segment according to vessel type and year of financing. The analysis shows that given some weak assumptions it is possible to determine the risk contained in banks mortgage portfolios using a purely theoretical model framework only, leading to interesting results and conclusions relevant to the whole shipping industry.

Biography

Dr. Sebastian Köhn currently holds a position as Principal Shipping Sector Analyst at Commerzbank AG Hamburg. Between 2006 and 2012 he worked as Market & Risk Analyst within the Shipping and Risk Divisions of HSH Nordbank AG and Deutsche Schiffsbank AG. 
He holds a Diploma in Mathematics & Economics (Dipl. Math.oec.) from University of Hamburg and an MSc in Economics from University of Leicester (UK). In 2009 he was awarded a PhD degree from University of Leicester for his thesis “Generalized additive models in the context of shipping economics”.
Dr. Köhn’s research interests are lying in the field of maritime econometrics. He focuses on the non-linear econometric modelling of different aspects of the maritime industry such as operational costs, charter rates and second-hand prices. Dr.Köhn’s research has been published in international academic journals such as Maritime Economics&Logistics and Transportation Research Part E as well as in non-academic publications such as Lloyd’s List and Lloyd’s Shipping Economist.

To register please send an email to: birgit.kappert(at)the-klu.org

The Lecture Series

The KLU Lecture Series is a forum for scientists and practitioners to talk and discuss on state-of-the art topics related loosely to logistics and entrepreneurship.