Gain a theoretical and practical foundation of the shipping industry by signing up for the Baltic Academy’s popular Shipping Economics & Investment programme. The online course provides delegates with a solid overview of the fundamentals of the dry bulk, tanker, gas and container markets and takes a look at everything from cash flow projection to asset allocation.

 

Topics covered include:

  • Introduction to shipping industry – world fleet, bulk commodity trades, regulation
  • Economic analysis of markets – freight, newbuilds, S&P and demolition
  • Shipping costs and revenue management – charter contracts, voyage rates, cash flow analysis
  • Liner & container shipping – alliances, routes, rates
  • Gas & chemical shipping – overview of LNG, LPG and chemical markets
  • Ship finance – sources of capital, equity vs debt
  • Cash flow projection & analysis
  • Project appraisal & investment decision – time value of money, Present Value & Future Value, compounding, profitability, payback, internal rate of return
  • Risk, return & portfolio theory – how to measure, comparison of risks, combining assets into portfolio
  • Cost of capital & optimal capital structure – weighted average capital cost, measuring equity cost, discount rates, debt policy & tax shield
  • Investment under uncertainty – scenario & sensitivity analysis, understanding Real Options, Baltic Investor Indices
  • Investment strategies & management – theories of asset allocations, ship valuation, implied forward values, investment timing, Momentum v Contrarian investment
  • Investing in shipping stocks – selection and trading strategies

Hosted on a dedicated learning platform, the course contains 13 hours of videos, case studies and exercises. Delegates are provided with 180 days of access during which period they can join a series of live webinars to discuss course topics in greater depth.

Shipping Economics & Investment is delivered by Professor Amir Alizadeh and Professor Michael Tamvakis, both members of the faculty at The Business School (formerly Cass) one of City, University of London’s five schools.

Course cost: £787+ vat (30% discount for employees of Baltic member firms)

Contact academy@balticexchange.com to sign up or further details.