Description

ABOUT THE COURSEThis study is for anyone wanting to understand the rationale behind the volatility of the shipping industry, whether for investment, disinvestment or connected to freight rates, identifying the key economic issues underpinning the sector is crucial. Executives must have a strong knowledge of the supply and demand variables, and how they impact on prices/rates, in their business to make an informed investment decision. The study tour in Maritime Economics delivers the crucial knowledge needed to build your understanding of the economics making up the complex shipping industry.

COURSE OBJECTIVES

Participants will build their knowledge and be able to:

• Explain the economic characteristics of the shipping industry

• Understand the role of supply and demand in maritime trade and its impact on vessel prices and charter rates

• Discover how shipping costs and charter revenues are structured, allocated and managed

• Appreciate how the shipping cycle works in practise and how this drives investment and scrapping decisions

• Understand the rationale behind freight rate mechanisms

• Analyse the four shipping markets and how they interact

• Examine key economic concepts relating to different commodities and - the differences between bulk and liner shipping

• Identify the main economic issues in your field to give your organisation a competitive edge