The Business of Shipping

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.

For those needing 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.


  • Introduction to the Shipping Players and Markets
    • How does a Ship Owner make Money
    • Capital Markets
    • Demolition Market
    • Chartering Markets: Voyage versus Time Charter
  • International Institutions and their Role in Shipping
  • Ship Types and Their Commercial Earning Power

Finance and Ship Acquisition

  • The Shipbuilding Market
  • Sale and Purchase Markets
  • Principles of Ship Finance
    • Debt versus Equity Funding
    • Banks versus Capital Markets
  • Hedging Risks for Shipping companies

Technical Ship Management

  • Maintenance and Repair
  • Fuel Issues
  • Flag of Registry
    • Why Shipowners choose “Flags of Convenience”
  • Third-Party Ship Managers and the Services they Provide

Commercial Ship Management

  • The Role of the Classification in Shipping
  • Crewing Issues Looming over the Horizon
  • Tramp Shipping and Vessel Employment

Commercial Shipping Law

  • Legal Framework of a Single-Purpose Shipping Company
    • Flag and Mortgage Registration
    • Position of the Bank
    • Arrest or Attachment
    • Limitation of Liability
  • Commercial Law
    • Charter Parties
      • Key Features of a Contract
      • Types of Charter Parties
      • Risk Allocation between Owner and Charterer
    • Bills 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
  • Contracts of Chartering in the Bulk Trades
    • Voyage Charter Parties
    • Time Charter Parties
    • Key Clauses in each

Marine Insurance

  • Hull & Machinery Insurance Policies
    • Particular and General Average
    • How are War Risk dealt with
  • Protection and Indemnity Mutual Insurance
    • How are Piracy and Terrorism treated under the Different Policies of Insurance

Bulk Shipping Markets

  • Dry Bulk Shipping Markets
    • Main Bulks
    • Minor Bulks
    • Vessel Characteristics
  • The Tanker Market
    • Crude Oil Transportation
    • Product Markets
    • Specialist Markets: LNG, LPG and Chemical
  • Hedging Risks for Shipping companies
  • Post Fixture Operations
    • Ship Operations: Who does What with Whom
    • Laytime, Demurrage and Despact principles
    • Calculating monies due

The Offshore Business

  • Vessels Operating in the Offshore Environment and their Respective functions
    • Seismic vessels
    • Drillships
    • Floating Production Stroage and Offloading (FPSO)
    • Dive support vessels
    • Heavy lift
    • Positioning systems employed in the deep-water operations(FPSO)
  • Commercial & Technical Developments
    • Commercial differences to the 'marine' market
    • Key stakeholders and drivers
    • New technologies permitting 'deep-sea' exploration and production
    • Growth of deepwater offshore
    • Hazards awaiting a deep-sea operator
    • Marine offshore 'Hot Spots'

Liner Shipping

  • 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

The Future of the Shipping Industry

  • Development of World Seaborne Trade
  • Lay-up and Demolition Options to Unemployment
  • Vessel Orderbook and Anticipated Growth of the Fleet: Bulk and Container markets

Course information

Dates to be announced
Venue to be confirmed

M Hotel

Course venue and fee

The venue for the course is the M Hotel in Singapore — part of the Millennium Hotel Group. The fee is USD4,300 which includes all documentation, light refreshments and lunch each day. Accommodation is NOT included but is available at the venue or one of the many hotels located nearby.

Further information on this programme or to register your interest, contact:
Registrations Department
Cambridge Academy of Transport
11 Hinton Way
Great Shelford
Cambridge CB22 5AX
Email: You must enable JavaScript to see this e-mail address.

Programme and Booking Form

To download a programme giving fuller details of the course,  click here.

For a Booking Form,  click here.