MENU
With an industry-leading range of products and services we are able to deliver the most informed strategic advice, comprehensive financial solutions and financial risk management services to our clients. Read More
Products
- +
ShipTransactor | Credit Risk Analytics
ShipTransactor has been developed by Theisen Risk over the last 10 years and is one of the most advanced predictive credit risk assessment models available in the shipping finance sector. The model is compliant with the Bank for International Settlements (BIS) Basel II / III Advanced IRB approach for calculating loss given default (LGD) at future time horizons and has been approved by several European bank regulators. As well as calculating LGDs, the system has the ability to assess Probability of Default (PD) and other risk components for a single ship project, for a fleet of different ships and for corporate loans. The outputs provide lenders with a new insight into credit risk exposure as well as an accurate assessment for regulatory and internal capital allocation, resulting in many cases in significant lower capital cost and improved profitability.
The ShipTransactor calculation engine uses a stochastic process to create thousands of unique but possible future earnings paths used in multivariate correlation equations to generate a probabilistic distribution of future ship values. Different ship sub-types can be accommodated and are cross-correlated as observed in history. The calculation engine uses the Theisen in-house database, ShipData, which consists of historical ship earnings, values and operating costs going back to 1980 for 52 ship sub-types.
ShipTransactor has been designed to accept any loan advance and repayment profile, security coverage, loan term, residual amount, interest basis and margin on both a senior and junior / mezzanine loan basis.
Theisen Risk has carried out extensive back testing using various statistical methods to ascertain the models accuracy and the results have proved to be very satisfactory. The model is constantly reviewed, updated and re-calibrated to reflect the changing dynamics of the shipping markets.
- ShipTransactor | TTC - A through the cycle (TTC) version that identifies loan LGDs through the shipping cycle over 10 years.
- ShipTransactor | PIT - A point in time (PIT) version that identifies loan LGDs under recessionary conditions over 3 – 5 years.
- ShipTransactor | Portfolio - Used to analyse multiple transactions in a bank or fund shipping loan portfolio.
- ShipTransactor | Investor - Used to assess the risk associated with achieving expected investor returns.
- +
ShipPredictor | Values & Earnings Forecasts
ShipPredictor is an advanced stochastic calculation engine (developed from ShipTransactor) that forecasts ship earnings and prices/values. It can be used to analyse ship residual value risk, the probability of return on investment and test debt servicing and hull coverage loan covenants. Theisen Risk has carried out extensive back testing using various statistical methods to ascertain the models accuracy and the results are very satisfactory. - +
ShipPlanner | Financial & Commercial Planning Tool
ShipPlanner is a financial and commercial planning tool combining financial accounts information with commercial management scenario planning. It produces separate ship-project financial results as well as consolidated IAS accounts for commercial return assessment, equity share price evaluation and debt service and borrowing requirement forecasts.
The basic template is tailored by Theisen to each client's specific requirements; from a single ship project to a 100+ ship fleet consolidating under different divisions to an overall corporate picture. Earnings and operating costs forecast for different ship types and sub-types can be added from internal management budgets, from third party forecasts or from Theisen's own forecasting models. Accounts can be compared to division budgets and reconciled to audited accounting statements.
ShipPlanner is available as a secure sever application for remote access by clients and designated providers of capital in connection with capital raising, financial monitoring and compliance. - +
Ship Price Indicator | Ship Valuations
Ship Price Indicator (SPI) is an online statistical ship valuation tool providing new building, second hand and auction price data, price trends, price volatility and reported sales for all ages and capacities of Dry Bulk Carriers, Oil Tankers and Container Ships. The advanced ship valuation tool offers the user the ability to quickly assess and monitor the price movement of a large number of ships. The system is updated monthly providing balanced price data that is not distorted by day-to-day volatility.
The price data can be used for ship value assessment purposes, but should not be treated as a replacement for a professional valuation.
LoginRegister - +
Box Transactor | Credit Risk Analytics
Box Transactor has been developed by Theisen Risk over the last 3 years and currently is the only LGD assessment model for credit risk management in container leasing and financing. Box Transactor uses a similar calculation engine to Ship Transactor and uses a stochastic process to create thousands of unique but possible future container prices of 6 container types as new builds and second-hand up to a 10 year time horizon.
Box Transactor has been designed to accept any LTV advance, loan term, residual amount, repayment basis, interest basis and margin.
The model is fed by the Theisen database of 6 typical container types:
20ft Standard Dry-Cargo
40ft Standard Dry-Cargo
40ft High-Cube Dry-Cargo
20ft Standard Reefer
40ft High-Cube Reefer
20ft Tank Container
The calculation of LGDs is compliant with usual regulatory requirements for data quality, assessment methodology and applying conservative haircuts. - +
Omnibus Finance | Shipping Fund
Omnibus Finance is a senior, secured shipping loan fund currently under development by Theisen. It is designed to provide “through the cycle” borrowing solutions for middle-market shipping borrowers active in the Dry Bulk Carrier, Tanker and Container Ship shipping segments.
- +
ShipTransactor | Credit Risk Analytics
ShipTransactor has been developed by Theisen Risk over the last 10 years and is one of the most advanced predictive credit risk assessment models available in the shipping finance sector. The model is compliant with the Bank for International Settlements (BIS) Basel II / III Advanced IRB approach for calculating loss given default (LGD) at future time horizons and has been approved by several European bank regulators. As well as calculating LGDs, the system has the ability to assess Probability of Default (PD) and other risk components for a single ship project, for a fleet of different ships and for corporate loans. The outputs provide lenders with a new insight into credit risk exposure as well as an accurate assessment for regulatory and internal capital allocation, resulting in many cases in significant lower capital cost and improved profitability.
The ShipTransactor calculation engine uses a stochastic process to create thousands of unique but possible future earnings paths used in multivariate correlation equations to generate a probabilistic distribution of future ship values. Different ship sub-types can be accommodated and are cross-correlated as observed in history. The calculation engine uses the Theisen in-house database, ShipData, which consists of historical ship earnings, values and operating costs going back to 1980 for 52 ship sub-types.
ShipTransactor has been designed to accept any loan advance and repayment profile, security coverage, loan term, residual amount, interest basis and margin on both a senior and junior / mezzanine loan basis.
Theisen Risk has carried out extensive back testing using various statistical methods to ascertain the models accuracy and the results have proved to be very satisfactory. The model is constantly reviewed, updated and re-calibrated to reflect the changing dynamics of the shipping markets.
- ShipTransactor | TTC - A through the cycle (TTC) version that identifies loan LGDs through the shipping cycle over 10 years.
- ShipTransactor | PIT - A point in time (PIT) version that identifies loan LGDs under recessionary conditions over 3 – 5 years.
- ShipTransactor | Portfolio - Used to analyse multiple transactions in a bank or fund shipping loan portfolio.
- ShipTransactor | Investor - Used to assess the risk associated with achieving expected investor returns.
- +
ShipPredictor | Values & Earnings Forecasts
ShipPredictor is an advanced stochastic calculation engine (developed from ShipTransactor) that forecasts ship earnings and prices/values. It can be used to analyse ship residual value risk, the probability of return on investment and test debt servicing and hull coverage loan covenants. Theisen Risk has carried out extensive back testing using various statistical methods to ascertain the models accuracy and the results are very satisfactory. - +
ShipPlanner | Financial & Commercial Planning Tool
ShipPlanner is a financial and commercial planning tool combining financial accounts information with commercial management scenario planning. It produces separate ship-project financial results as well as consolidated IAS accounts for commercial return assessment, equity share price evaluation and debt service and borrowing requirement forecasts.
The basic template is tailored by Theisen to each client's specific requirements; from a single ship project to a 100+ ship fleet consolidating under different divisions to an overall corporate picture. Earnings and operating costs forecast for different ship types and sub-types can be added from internal management budgets, from third party forecasts or from Theisen's own forecasting models. Accounts can be compared to division budgets and reconciled to audited accounting statements.
ShipPlanner is available as a secure sever application for remote access by clients and designated providers of capital in connection with capital raising, financial monitoring and compliance. - +
Ship Price Indicator | Ship Valuations
Ship Price Indicator (SPI) is an online statistical ship valuation tool providing new building, second hand and auction price data, price trends, price volatility and reported sales for all ages and capacities of Dry Bulk Carriers, Oil Tankers and Container Ships. The advanced ship valuation tool offers the user the ability to quickly assess and monitor the price movement of a large number of ships. The system is updated monthly providing balanced price data that is not distorted by day-to-day volatility.
The price data can be used for ship value assessment purposes, but should not be treated as a replacement for a professional valuation.
LoginRegister - +
Box Transactor | Credit Risk Analytics
Box Transactor has been developed by Theisen Risk over the last 3 years and currently is the only LGD assessment model for credit risk management in container leasing and financing. Box Transactor uses a similar calculation engine to Ship Transactor and uses a stochastic process to create thousands of unique but possible future container prices of 6 container types as new builds and second-hand up to a 10 year time horizon.
Box Transactor has been designed to accept any LTV advance, loan term, residual amount, repayment basis, interest basis and margin.
The model is fed by the Theisen database of 6 typical container types:
20ft Standard Dry-Cargo
40ft Standard Dry-Cargo
40ft High-Cube Dry-Cargo
20ft Standard Reefer
40ft High-Cube Reefer
20ft Tank Container
The calculation of LGDs is compliant with usual regulatory requirements for data quality, assessment methodology and applying conservative haircuts. - +
Omnibus Finance | Shipping Fund
Omnibus Finance is a senior, secured shipping loan fund currently under development by Theisen. It is designed to provide “through the cycle” borrowing solutions for middle-market shipping borrowers active in the Dry Bulk Carrier, Tanker and Container Ship shipping segments.
