Unlocking Value: Maritime Transport Economics Training Course

Introduction

The maritime transport sector is the backbone of global commerce, facilitating the movement of goods and raw materials that fuel economies worldwide. However, it is also a highly complex and dynamic industry, subject to volatile freight markets, geopolitical shifts, technological disruptions, and evolving environmental regulations. A deep understanding of the economic principles governing this sector is critical for effective decision-making, strategic planning, and navigating its inherent uncertainties.

This intensive training course is meticulously designed to equip participants with a comprehensive and practical understanding of maritime transport economics. From mastering the interplay of supply and demand in shipping markets and analyzing cost structures and financial performance to evaluating investment opportunities and understanding the impact of policy and regulation, you will gain the expertise to make informed economic choices. This empowers you to optimize operations, manage risks, identify market opportunities, and contribute to the sustainable development of the maritime industry.

Target Audience

  • Shipping Company Executives, Managers, and Analysts.
  • Port Economists and Planners.
  • Maritime Policy Advisors and Regulators.
  • Financial Analysts and Investors in the Shipping Sector.
  • Academics and Researchers in Maritime Studies or Economics.
  • Logistics and Supply Chain Professionals dealing with sea transport.
  • Government Officials involved in trade and transport planning.
  • Anyone seeking a deep economic understanding of the maritime industry.

Duration: 10 days

Course Objectives

Upon completion of this training course, participants will be able to:

  • Understand the fundamental economic principles underpinning maritime transport.
  • Grasp the dynamics of various shipping markets (freight, newbuilding, S&P, demolition).
  • Analyze the factors influencing the supply and demand for shipping services.
  • Comprehend the cost structures, revenue streams, and financial performance of shipping companies.
  • Evaluate methodologies for assessing investment opportunities and managing risk in shipping finance.
  • Develop practical skills in conducting market analysis, forecasting, and economic modeling for the maritime sector.
  • Navigate the economic impact of international regulations, environmental policies, and geopolitical events on maritime transport.
  • Formulate robust strategies for optimizing economic performance and promoting sustainability in maritime businesses.

Course Content

  1. Introduction to Maritime Economics
  • The role of maritime transport in the global economy and international trade
  • Basic economic concepts applied to shipping: supply, demand, equilibrium, elasticity
  • The shipping industry ecosystem: key players and their interactions
  • Overview of different maritime sectors: dry bulk, wet bulk, container, Ro-Ro, specialized
  • The concept of derived demand in shipping
  1. The Shipping Markets and Cycles
  • Freight Market : spot vs. period, freight rate determination
  • Newbuilding Market : new vessel orders, shipbuilding economics
  • Sales and Purchase (S&P) Market : second-hand vessel transactions
  • Demolition Market : scrapping of older vessels
  • Understanding shipping market cycles: causes, characteristics, and forecasting
  • The interconnectedness of the four shipping markets
  1. Demand for Sea Transport
  • Factors influencing the demand for dry bulk shipping (e.g., iron ore, coal, grain)
  • Factors influencing the demand for wet bulk shipping (e.g., crude oil, refined products, LNG)
  • Factors influencing the demand for container shipping (e.g., manufacturing, e-commerce)
  • Impact of global economic growth, trade patterns, and geopolitical events on demand
  • Measures of demand: ton-miles, TEU-miles
  1. Supply of Sea Transport
  • Factors influencing the supply of shipping tonnage: fleet size, newbuilding orders, scrapping
  • Productivity of the fleet: vessel speed, port efficiency, vessel utilization
  • Shipping Supply : short-run vs. long-run supply responsiveness
  • Economies of scale in shipping and optimal ship size
  • Impact of regulations and technological advancements on supply
  1. Shipping Company Economics: Costs and Revenues
  • Cost Structure : capital costs, operating costs, voyage costs, overheads
  • Fixed vs. variable costs in shipping
  • Revenue streams for different charter types (freight, hire)
  • Break-even analysis and profitability assessment for shipping operations
  • Cash flow management and financial performance indicators (KPIs)
  • Fuel costs (bunker prices) and their impact on profitability
  1. Ship Finance and Investment
  • Sources of ship finance: equity, debt (bank loans, bonds), leasing, public markets
  • Investment Appraisal Techniques : Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period
  • Risk and return in shipping investments
  • Asset play vs. income play strategies
  • Role of shipbrokers and financial advisors in ship finance
  1. Port Economics and Terminal Management
  • The economic role of ports in global supply chains
  • Port Productivity : efficiency measures, turnaround times, throughput
  • Port pricing strategies: tariffs, incentives
  • Investment in port infrastructure and superstructures
  • Competition among ports and hinterland connectivity
  • Economic impact of port development on regional economies
  1. Freight Rate Mechanisms and Pricing Strategies
  • Pricing in Tramp Shipping : competitive markets, daily hire rates, demurrage
  • Pricing in Liner Shipping : oligopoly, conferences, alliances, consortia, surcharges
  • Price discrimination and revenue management in shipping
  • Derivatives and hedging in the freight market
  • Impact of fuel price fluctuations on freight rates
  1. Economic Impact of Regulations and Policy
  • Environmental Regulations : IMO 2020, EEXI, CII, carbon pricing, green fuels
  • Safety and security regulations (SOLAS, ISPS Code) and their economic costs
  • Competition policy in shipping: anti-trust regulations, mergers and acquisitions
  • Subsidies and other government interventions in shipping
  • The political economy of shipping: flags of convenience, open registries
  1. Contemporary Issues and Future Trends in Maritime Economics
  • Digitalization and Automation : smart shipping, autonomous vessels, big data analytics
  • Supply chain disruptions and resilience: economic implications
  • Decarbonization and the transition to zero-emission shipping: economic challenges and opportunities
  • Geopolitical risks and their impact on shipping markets and trade routes
  • The "Blue Economy" concept and sustainable ocean resource management
  • Circular economy principles in maritime transport.

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

For More Details call: +254-114-087-180

 

Unlocking Value: Maritime Transport Economics Training Course in Tunisia
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