The programme covers the micro-economic structure of the shipping markets including freight, second-hand, newbuilding and scrap markets and presents how these shipping markets interact.
Click here to download the course brochure.
| Course Leaders | ||
Prof. Amir Alizadeh |
Shipping Economics and Finance |
Bayes Business School (former Cass Business School) |
The course aims to provide delegates with both a theoretical foundation as well as practical hands-on experience on modern shipping economics and investment. It provides delegates with the essential knowledge of shipping economics, operations and investment management.
Formulation of different types of shipping contracts is also discussed and practical examples are provided.
The programme then continues with an overview of specialised shipping sectors and liner shipping industry as well as a thorough discussion on current trend and developments in the shipping industry including fuel efficiency and cost management.
The second part focuses on fundamentals of shipping investment including cash flow projection and analysis, different techniques used in capital budgeting techniques, capital structure and cost of capital in shipping projects, investment management of shipping projects, asset allocation and shipping investment strategies.
The course leader, Prof. Amir Alizadeh of Bayes Business School (formerly Cass Business School), is internationally recognised academics in the fields of shipping and commodity finance, and risk management.
His theoretical and applied research work has been published in leading academic and professional journals and he also provide consultancy services to the industry on different aspects of commodity and shipping risk management.
To book a place please email [email protected] or call +44 (0)20 3326 8465/8460
Part One
Shipping Economics
- Shipping industry introduction
- Market structure, fleet & international trade
- Ownership
- Ship registries and regulations
Analysis of shipping markets
- Freight market: micro & macro analysis
- Second-hand market: the S&P process, key value drivers, vessel valuation
- Newbuilding market: shipbuilding supply & demand factors, determinants of newbuilding prices
- Scrap market and price determination
Costs & revenue management
- Types of shipping contracts, negotiation and price
- Charterparties (dry bulk & tanker), timecharter
- Costs: capital, operating & voyage costs, voyage estimation
Specialised shipping sectors
- LNG, LPG & chemical: major trades and players
- Liner & container shipping: standardisation, pricing strategies and factors
Trends & developments in shipping & freight markets
- Environmental: regulations, ballast water and emissions
- Operational: ship design, fuel efficiency and operational optimisation
Part Two
Shipping Investment
- Cash flow analysis of shipping projects
- Cash flow projection, operating costs & revenue, capital cost, repairs & special surveys
- Cost of capital, break even analysis and loan repayment
Project appraisal and investment decisions in shipping
- NPV
- IRR
- PI
- Payback
- Investment appraisal- Market conditions, loan structure and capital costs
Capital structure and cost of capital in shipping projects
- Determination of cost of capital, capital asset pricing model, multifactor model
- Capital structure, WACC and optimal leverage
- Asset and project valuation techniques, secondhand, newbuilding and scrap valuation
Investment decision and uncertainty in shipping
- Application of risk analysis in projects and investment
- Scenario analysis, probabilistic scenarios and simulation techniques
- Real Options Analysis, opportunities in ship valuation and projects
Investment management in shipping
- Investment strategies, timing & diversification
- Dynamic and adaptive asset allocations and performance evaluation
- Risk based asset allocation & asset play
- Tactical asset allocation and shipping equity investment
Terms and conditions
The Baltic Exchange must be in receipt of full payment before access to the course is granted. Each delegate is provided with 180 days access to the course. If you fail to complete the course in 180 days, then you may extend the course by paying a change fee (£50 + vat per 30 days). No course material may be copied or reused without the permission of the Baltic Exchange.
You must not allow any third party to use your account information and/or computing equipment to access the digital content or course that you have booked. You may only print off any course materials for your own personal use. You must not provide, offer to sell, license or transfer the course materials (whether in whole or in part in any manner or form or in or on any media) to any other person unless we have agreed to this in writing.
In the event that we are unable to deliver classroom learning due to events beyond our control, delegates will be offered the choice of a discounted online only option, refund, reschedule to a future date, or access to an additional online course.
30% discount is available for employees of corporate member firms of the Baltic Exchange, up to and including the company’s number of individuals nominated as named Baltic Exchange members.
Further questions
Please contact Bill Lines on:
Tel: +44 (0)20 3326 8450
Email: [email protected]
Previous attendees
A.M. Nomikos & Son (UK)
ADM Germany
Aegis Overseas
AET
Anglo International Shipping Partnership
Ardmore Shipping Services (Ireland)
Arista Shipping
Atlas Shipping
Aux'ander Advisors
Bahri
Bank of America Merrill Lynch
Beaufort Shipping
Ben Line Agencies
Black Astron Energy Trading and Shipping
BP
Byzantine Maritime Corporation
Cargill
Carriers Chartering Corp
CEM Asia Trading
Chronos Shipping
Clarksons
ContiGMT Shipping
Credit Suisse
Diageo
DNB
Doric Shipbrokers
EcoPetrol
Engie
FIMBank DIFC Branch
FinnFleet Tankers
Freight Force
FRS Shipmanagement
Galbraiths
Glencore Agriculture
Greatship
GroIntelligence
Heidmar
Hellenic Bank
Holgrain
Howe Robinson
HSH Nordbank
Huarong Leasing
IMC Industrial
Ineos Trading and Shipping
Infospectrum
International Andromedia Shipping
International Registries (UK)
Io's Shipbrokers
Kuwait Petroleum Corporation
Lavinia
Lysgaard ShipHolding
Maersk Broker (UK)
Maritime Strategies International
Navigate PR
Neoria Compania de Naegacion
NIBC Bank
NorthCape Capital
NYK Line
Penfield Marine
Petredec (Europe)
RUSAL Marketing
S&P Global Platts
Scorpio Ship Management
SEB
Shell
Showa Shell Sempaku K.K.
Societe Generale
Sovcomflot
SSY
Statoil
Stolt Nielsen
Strategy Finance
Suek
Suisse-Atlantique
Tankerska plovidba d.d.
TDN Direkt
The China Navigation Co.
Total
Transpetrol Maritime Services
Tricon Energy
Triomphe Shipping
Universal Navigation