KEY ELEMENTS OF SHIPPING - 11th RUN

Transcription

1 DATE: October 2015 VENUE: Klapson Hotel, Singapore COURSE NAME: ABOUT THIS COURSE KEY ELEMENTS OF SHIPPING - 11th RUN Key Elements of Shipping is a 3-day maritime executive short course. Participants will gain a comprehensive overview of the business of shipping, together with a practical understanding of the critical interaction between commercial, legal, financial and technical drivers of the shipping industry. The course is produced and delivered by the internationally renowned BI Norwegian Business School, in collaboration with SeaProf Executive Training. 18 CPD hours are available in recognition of attendance for individuals seeking continuing membership of their respective industry regulatory organisation. SUPPORTING ORGANISATIONS: TARGET AUDIENCE Operations, HR and financial managers seeking a broader based understanding of the business of shipping. Shipping services professionals; including manufacturers, lawyers, supply chain executives, ship brokers and builders. Financial analysts and operatives from the banking, leasing and ship investment sectors. Marine insurance brokers, underwriters, adjustors and P&I correspondents.. New entrants to the shipping industry, as well as mid level staff who aspire to moving up to a more challenging management role. COURSE CONTENT: The Global Shipping Industry and its critical importance to world trade + the industry players, the primary markets and ship types Regulation of shipping, including ship registration, classification, inspection and Port State Control. Introduction to shipping economics, market cycles, over capacity and 'where are we now'? Shipbrokers' market review and projections. Ship finance, current market options and the future from a banks perspective Role of ports: their operation, infrastructure, obligations and future challenges. Chartering: understanding how ships earn money, plus strategy and optimisation techniques. 'Greening' - impact on ships, ports and profitability, plus 'what's the future?' Ship management: a 3rd party manager's perspective of a growth industry. Marine insurance - history, markets, risk, management, types of cover and the role of the broker. LEARNING METHODOLOGY Learning will be provided through lectures and interactive case study workshops delivered by leading university academics as well as top industry professionals - a total of 11 maritime experts in all. OUTCOMES: Participants will acquire new shipping industry knowledge and strategic thinking skills for immediate application in their workplace. The goal is to enhance the industry success of the participant's employer, together with the participant's own personal advancement. CERTIFICATION Learning assessment will be accomplished by way of workshop responses and presentations. Successful participants will be awarded with a prestigious BI Norwegian Business School "Certificate of Achievement". COURSE FEES AND REBATES Course fee SGD 3, (no GST) - inclusive of all course materials, coffee and tea breaks, a four course daily lunch with reserved seating at the Rhino Restaurant and an end of course drinks reception at Fabrika. A 10% course fee discount will be made available to both SSA and Youngship members. Less MCF Training Grant is available for eligible participants. Please refer to for more information. Less PIC Scheme rebate of 60% of course fees available to Singapore Citizens and PR's + Foreign/Employment Pass holders. Further details at: Or PIC Scheme tax deduction of 400% of the course fee available to qualifying Singapore registered companies. Further details at: /PIcredit LINKS For more information, including the BI brochure, speaker CV's and online registration, please visit the BI website:

2 EXECUTIVE SHORT PROGRAMME KEY ELEMENTS OF SHIPPING October, 2015 Klapsons Hotel Singapore A 3 day intensive short course on the business of shipping

3 Day 1 Monday, October 12, :00 am Registration + morning coffee meet & greet networking 8:30 am Course Welcome: Ms Anne Hennum, Senior Advisor/Executive Course Manager, BI Norwegian Business School. Course Overview & Outcomes & Admin announcements: Capt. Robert Gordon, Course Moderator & MD of SeaProf Executive Education. Participant round table introductions: your name, your company + your role Strategizing: What do you hope to take away from this course? 9:00 am Speaker: Capt Robert Gordon, MD of SeaProf Executive Education Overview of the Global Shipping Industry International Shipping: Lifeblood of world trade? Organisation of shipping companies The four primary shipping markets The market players: owners, charterers, ship managers, ship/chartering brokers, ship s agents, shipyards, class and banks. What are their/your own roles? Interactive Mind-mapping: How do the players interact to operate the business of shipping? The Regulation of Shipping: Maritime conventions: creation & enactment into national/flag State law Flag State and Port/Coastal State law: which rules apply to the ship and its operation and when? Shipping Regulations: application, enforcement + sanctions/penalties New shipping regulations and commercial impact: will it ever end? Experience Sharing: What new regulations are impacting on your maritime business? How are you and your company dealing with these challenges? 10:30 am Morning Coffee Break + Networking 11:00 am Speaker: Capt. Robert Gordon Pre-course e-learning quiz: Ship Types, Trades & Tonnage Measurement Ship size: tonnage measurement by weight and volume Ship types review: categories and cargoes Commercial market terms e.g. Capesize, Panamax, MR 2 etc. Ship Registration, Classification and Port State Control Ship registration, FOC s and flag choice factors. Dual role of the Classification Societies. Is there a conflict? Port State Control, the UCSG and EMA, the ITF and the commercial impact of the blacklisting of ships and ship registers Interactive Discussion: Which flag would you choose for your ship and why? 12:30 pm Lunch (1hr) 1:30 pm Speaker: Mr Voytek Chelkowski, MD of SeaMind Shipping Pte Ltd, brokers and market analysts Shipping Economics, Markets and Cycles Overview of global maritime economics. Key drivers of demand and supply. Shipping market cycles are they predictable? Shipping Company Economics 101 Voyage Economics 101 Case Study/Discussion: Forecasting and pricing forward rates how is it done? 3:00 pm Afternoon Tea Break + Networking 3:30 pm Speakers: Mr Raja Swaminathan and Mr Espen Abrahamsen, Fearnleys Ship Brokers, Singapore Shipping Markets: The Broker s Perspective Winners and Losers: current freight rates, earnings, fleet capacity, order books and trends in a still uncertain global economy. Current and future markets: segment focus, strategies for survival and positioning for the upswing. Case Study/Interactive Discussion: What vessel types would you be buying now or building for the future? Dry bulkers or tankers? 5:00 pm End of Day 1

4 Day 2 Tuesday, October 13, :00 am Speaker: Mr Daryl Tan, Director Transportation, ABN AMRO Bank N.V. Ship Finance: Challenges and Innovative Solutions The global ship finance markets and current access to bank finance. Why is ship finance so challenging? Lessons from past shipping cycles. Credit risk assessment, cash flow and asset values. Alternative financing including ECA s, capital markets and private equity. 30 min Case Study/Workshop: Challenge for a shipping bank to lend or not to lend? 10:30 am Morning Coffee Break + Networking 11:00 am Speaker: Dr Jasmine Lam, Asst. Professor & Director of Maritime Studies, Nanyang Technological University (NTU) The Developing Role of Ports: new methodologies & challenges Port strategy, management and multi-modal transport. Supply chain logistics, just in time delivery and the role of the shipowner. Singapore s future as a major Hub port in a changing world The Greening of ports to meet environmental expectations. Case Study/Workshop: As the manager of a major Asian port, what challenges and opportunities do you see ahead? How would you adapt to meet demands & profit? 12:30 pm Lunch (1hr) 1:30 pm Speaker: Ms Djeni Rolana, BI Lecturer & International Shipping Consultant Introduction to Chartering: the fundamentals of making money Overview of the world of chartering and the key players. Negotiations and formulation of the Charter Party The different types of ship charters and their use. Revenues and expenses who pays for what? Decision making in chartering gambling or data driven strategies? Workshop: Review and discussion of standard C/P contract forms, their layout and content. 3:00 pm Afternoon Tea Break 3:30 pm Speaker: Ms Djeni Rolana Introduction to Chartering: continued Calculating a vessel s earnings Time Charter Equivalent (TCE) Chartering Case Study/Workshop: Determining Freight Rate and TCE 5:00 pm End of Day 2

5 Day 3 Wednesday, October 14, :00 am Speaker: Mr Khee Chia How, Naval Architect and Business Development Manager, DNV GL Maritime SE Asia & Pacific Region The Role of the Classification Society Origin and function of the Class Societies Impact of Class rules and regulations & the Flag State connection Future of Class Societies Speaker: Ms Seeba Ann Mathew, Consultant, DNV GL Martime Advisory, Singapore Green Ships: Trends, Challenges and Opportunities The impact of environmental regulations on shipping emissions as well as commercial demand for fuel efficiency and lower freight costs. Current and future environmental regulation with a focus on air emissions and ballast water + the commercial, technical & cost implications. New green technologies + cost benefit analysis to assist strategic management Case Study/Interactive Discussion: How is your own company dealing with the challenges and opportunities of Green Shipping? 10:30 am Morning Coffee Break + Networking 11:00 am Speaker: Mr Michael Elwert, Director of Group Strategy & HR and Support, Thome Group Ship Management & Fleet Operations: a 3rd Party Manager s Perspective Technical and Commercial Ship Management: what s the difference? In-house vs. out-sourced 3rd party management? Cost/benefit considerations. The BIMCO Shipman contract, its terms & use + fees and incentives. The daily and on-going obligations of a quality 3rd party manager, including the ISM and ISPS Codes and the STCW and MLC Conventions. Case Study/Discussion: Reducing operating costs to support owner s profitability. 12:30 pm Lunch (1hr) 1:30 pm Speaker: Mr Lewis Hart, Executive Director, Willis, Singapore Marine Insurance & Markets: a practical guide for shipping executives Why do we need marine insurance anyway? Is it compulsory? The insurance markets and the role of the broker and underwriters. Fundamentals of marine cover, including H&M, P&I, Cargo Insurance and how they work. Casualty losses, market impact and current trends. Case Study/Interactive Discussion: What risk factors do underwriters consider when quoting? How are premiums calculated? 3:00 pm Afternoon Tea Break 3:30 pm Facilitators: Capt. Robert Gordon and Dr Jasmine lam Course Summary Workshop and Learning Assessment: Each class table/group will be allocated a course topic to summarise. Each group (represented not less than two participants) will present their summary/key Take Aways. Each group will also present ideas on implementing their Take Aways to help improve the efficiency of their employer s martime business. Interactive discussion will be encouraged throughout to generate input (including questions & challenges!) from all class participants. The workshop facilitators will conduct learning assessment, based on group presentations. Recognition will be provided for Best delivery & content and the Best Take Away implementation idea concept. 5:00 pm End of Day 3 and the October 2015 KES Course: Award of BI Norwegian Business School Certificate of Achievement to participants by Ms Anne Hennum & Asst. Professor Dr Jasmine Lam, NTU Completion of course input/assessment forms. Course delegate photos for the SeaProf Facebook page and BI Website. 5:30 pm KES End of Course Reception: farewell drinks and final networking Delegates will be invited to join the SeaProf/ Key Elements Facebook Page to stay in touch with KES classmates and keep up to date with new courses and topical developments in shipping.

6 KEY ELEMENTS is generously supported by both the MPA's Maritime Cluster Fund (MCF) and PIC tax rebates. See details and links below. About the course The KES course has been run twice each year since It is taught by senior academics and leading marine industry professionals so as to provide a blend of both theory and topical market practice. Target Group The course is designed primarily for people who have recently started to work in the industry, or who may have been in the industry for several years and now aspire to move up to a more challenging management role. Outcomes The participants will understand the roles of the many shipping industry players, the regulatory complexities of ship owning and management, the intricacies of ship acquisition and finance, shipping economics and market cycles, chartering fundamentals and revenue projection, risk management and marine insurance and the challenges and opportunities of green shipping. Learning assessment will be by way of case studies and Q & A sessions and a BI Norwegian Business School Certificate of Achievement will be awarded. The course will enhance the knowledge, confidence and credentials of the participants to enable them to advance their careers in one of the world s most challenging industries. Venue details and fees Location: Klapsons Hotel Singapore Course Fees: SGD 3, (no GST) An MCF Training Grant is available for eligible participants. Please refer to for more information. A PIC Scheme rebate of 60% of course fees is also available to Singapore Citizens and PR s as well as to Foreign Employee/Employment Pass holders. Please refer to for more information. To obtain advice as to the net cost of the course (after application of grants and subsidies) for Singapore Citizens, PR s and Foreign Workers/Employment Pass holders, please call Ms Yan Salleh on or contact her by at info@seaprof.com. Registration and more information:

7 Registration and more information: 07/2015

8 Key Elements of Shipping course net fees after applying Singapore MCF and/or PIC subsidies Note: net costs to SSA and Youngship members will be even lower! A) Subsidies available to Singapore Citizens and PR's employed by Singapore companies. 1. MCF 50% Training Grant 2. PIC 60% Cash Rebate Scheme or 400% tax deductions/ allowances on up to $400,000 of spending per year. (Singapore Company needs to employ a minimum of 3 CPF paying employees to facilitate PIC rebates) Example calculation: MCF 50% grant = Course fee of S$3, x 50% = S$1, Course fee after MCF rebate = S$3, S$1, = S$1, PIC 60% Cash Rebate Scheme = S$1,775 x 60% = S$1, Course net fee cost after application of MCF Training Grant and PIC Cash Rebate = S$ S$1, = S$ B) Subsidies available to Foreign Workers on Employment Passes employed by Singapore companies. 1. PIC 60% Cash Rebate Scheme or 400% tax deductions/ allowances on up to $400,000 of spending per year. (Singapore Company needs to employ a minimum of 3 CPF paying employees to facilitate PIC rebates) Example calculation: PIC 60% Cash Rebate Scheme = S$3, x 60% = S$2, Course net fee cost = S$3, S$2, = S$1, Note: SeaProf have provided the above net cost calculations based on IRAS website guidelines. Employers may wish to confer with their own auditors in relation to their own annual accounting processes and IRAS tax declaration.