Business of Shipping
November 2010
Dubai, UAE
For those needing to see the big picture, whether through changing roles, entering the shipping industry for the first time or as a refresher, the Business of Shipping intensive four-day course provides the answers.
Being an expert in one field is no longer enough – an awareness of the whole business is essential. Environmental issues impact economics. Political shifts open up threats and opportunities. Changes in law, finance, marketing, energy and technology all create fresh challenges.
Overview- Introduction to the Shipping Players and Markets
- International Institutions and their Role in Shipping
- Ship Types and Their Commercial Earning Power
- The Shipbuilding Market
- Principles of Ship Finance
- Debt versus Equity Funding
- Banks versus Capital Markets
- Hedging Risks for Shipping companies
- Maintenance and Repair
- Fuel Issues
- Flag of Registry
- Why Shipowners choose “Flags of Convenience”
- Third-Party Ship Managers and the Services they Provide
- Crewing Issues Looming over the Horizon
- Ship Operations: Who does What with Whom
- The Role of the Classification in Shipping
- How does a Ship Owner make Money
- Chartering Markets: Voyage versus Time Charter
- Sale and Purchase Markets
- Capital Markets
- Demolition Market
- Hull & Machinery Insurance Policies
- War Risk Insurance
- Protection and Indemnity Mutual Insurance
- How are Piracy and Terrorism treated under the Different Policies of Insurance
- Particular and General Average
- What are Charter Parties
- Key Features of a Contract
- Main Clauses in Voyage and Time Charters
- Description of the Ship
- Freight and Hire
- Performance
- Seaworthiness
- Division of Responsibilities
- Functions of the Bill of Lading
- Carriage of Goods by Sea Regulation
- Hague, Hague-Visby and Hamburg Rules
- Rotterdam Rules
- Time Bars and Limits of Liability
- Letters of Indemnity
- Documents of Chartering for the Bulk Trades
- Tramp Shipping and Vessel Employment
- Dry Bulk Shipping Markets
- Main Bulks
- Minor Bulks
- Vessel Characteristics
- The Tanker Market
- Crude Oil Transportation
- Product Markets
- Specialist Markets: LNG, LPG and Chemical
- Post Fixture Operations
- Liner Shipping and the Container Trades
- Development of Vessels and Terminal Facilities
- Rise and Fall of the Conference System
- Characteristics of Consortia and Carrier Alliances
- Competition Regulation and its Impact on Carrier / Shipper Relations
- Container Hardware and Operational Logistics
- Feeder Networks and Inland Transportation
- Importance of Landbridges
- Freight Tariffs
- FAK Rates
- Surcharges
- How can Carriers Achieve Operational Efficiency
- Development of World Seaborne Trade
- Lay-up and Demolition Options to Unemployment
- Vessel Orderbook and Anticipated Growth of the Fleet: Bulk and Container markets