The Dry Bulk Carrier Market, Ownership and Chartering - DB1 

CPE Credits Awarded: 24
Categories: Other Energy Resources, Business Analysis and Project Finance

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Open date DB1 - Not scheduled. Please enquire.

gold 1313748360Making sound business decisions as they pertain to dry bulk carrier ownership and chartering and coverage strategies demands a solid understanding of key issues. Whether your business is in coal, agricultural products or any other of the dry bulk commodity industries it is important to understand the how the shipment of your cargoes are influenced by other segments of the market. The impact of any decision, good or bad, across the entire supply and marketing chain, can be far reaching.

This intensive 3 day training event covers dry bulk carrier sector and the groups of commodities such as coal, agricultural product and iron ore that help to drive it. The programme examines the important economic, contractual, environmental and legislative issues when evaluating contract options, chartering and coverage strategies, logistics options as well as operating tactics. It is presented by Richardson Lawrie Associates Ltd in association with the Oxford Princeton Programme. The emphasis of the course is on sound commercial practice. Case studies and practical sessions build on delegates' hands-on experience. There are no pre-requisites for this course, nor is any advanced preparation required.

Prerequisites

There are no pre-requisites for this course, nor is any advanced preparation required.

What you will learn

  • Key issues facing players in today's dry bulk shipping markets.
  • Freight calculations, voyage estimates, and time charter conversions
  • Dynamics of dry bulk carrier chartering, sale and purchase markets; how to analysetrends and assess investment risk
  • Factors determining shippers' coverage strategies and dry bulk carrier owners'chartering policies
  • The impact of regulations and legislation
  • Essential elements of a voyage charter party and the differences in owners' andcharters' obligations under different forms of charter
  • Successful negotiating

 

 

 

Do you have a question or enquiry regarding this course?

Please contact your local sales team:

Asia Pacific Europe, Middle East, Africa, Central & South America North America

Those engaged in the supply, trading and risk management of in the dry bulk commodities markets; commercial and operations departments of ship-owning companies; planning and financial departments of shipping companies and commodities companies; banks and financial institutions involved in dry bulk carrier carrier finance; accounting and legal firms dealing with dry bulk commodities transportation issues; commodities trading in the dry bulk sector and distribution companies; management new to the transportation sector.

Structure of the Dry Bulk Carrier Markets

  • The main commodities and commodity groups that drive the markets
  • How the markets operate
  • Trends in ownership and chartering

Charter Evaluation

  • Types of chartering arrangements and their relative commercial advantages and disadvantages/opportunities and risks. Who bears responsibility for what?
  • Voyage estimating

Dry Bulk Carrier Market Fundamentals and Market Influences

  • Dry bulk carrier demand and supply
  • Trends in owner operating costs and charter revenue
  • Rate and price formation
  • The dynamics of short, medium and long-term charter rates
  • Assessing the impact of external market factors
  • The Baltic Index

Commercial and Legal Aspects of Charter Parties

  • Choice of charter and commercial operating strategies
  • Key charter party clauses – spot and time charter parties; contracts of affrieghtment
  • Laytime, Demurrage, Notice of Readiness
  • Relative merits of different forms of charter party
  • Requirements of charterers

Negotiating Contracts

  • Successful negotiating
  • Risks and Rewards
  • Stages of the negotiation
  • Tactics and considerations

Exercises and a Case Study on Chartering Strategies

Faculty

Course Director: Mr. Charles Lawrie

Testimonials

If you have attended a past course please provide us with some feedback.

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