KEY ELEMENTS OF SHIPPING

21 – 23 March 2017 BI NORWEGIAN BUSINESS SCHOOL

IN SINGAPORE

Day 1 Tuesday, 21 March 20178:00am Registration + morning coffee ‘meet & greet’ networking

8:30am Course Welcome: Ms Ellen Heggelund, Project Manager, BI Norwegian Business School.

Course Overview & Outcomes + Admin Announcements: Capt. Robert Gordon, KES Course Moderator, BI Lecturer & MD of SeaProf Executive Education..

Participant round table introductions: your name, your company + What do you expect to ‘take away’ from this course?9:00am Speaker: Capt Robert Gordon.

Overview of the Global Shipping Industry • International Shipping: “Lifeblood of world trade”? • Major shipping trade routes and current market impact of supply and demand. • The Shipping “Players”: owners, operators/charterers, ship managers, ship/chartering brokers, ship’s agents, port & terminals, banks, etc. • Basic organisation of a shipping company • The “Four Primary Markets” and the commercial life cycle of a ship. • Drivers of Shipping Market Change: past and future.

Mini break

Case Study/Discussion: What’s happening right now in Shipping? • “Trade Winds” market review – supply and demand? Forecasts? • What are your own current roles as shipping “players”? • How do the shipping “players” interact to support the business of shipping? • What technological changes do you see impacting on your current role?

10:45 am Morning Coffee Break + Networking

11:00am Speaker: Capt. Pradeep Desawar, MD of Gini Maritime Pte Ltd., former GM of PIL.

Ship Types, Categories, Numbers and World Fleet Growth • What are the main ship types and categories? • Ship fleet size compared to amount of cargo to be transported? • Concept of “ton-miles” as a measure of shipping demand. • Current ship building order books, scrapping and projections. • Sea lane “choke points” and their impact on trade routes and ship size. • Review of ship types and their operation.

Mini break

Case study/discussion: Mega ships and economies of scale in shipping: does it always work? What’s the limit?

12:30pm Lunch (1hr)

1:30pm Speaker: Capt Robert Gordon

Maritime Conventions and the Regulation of Shipping • Introduction to Maritime Law and the distinction with Law of the Sea • Maritime Conventions: what are they, who makes them and what are they for? How do they become law? • The “Four Pillars” Conventions: SOLAS, MARPOL, STCW and MLC • Ship Registration: flag choice and selection process factors • Flag State and Port/Coastal State law: what rules apply to a ship and its operation? And when? • Enforcement by Flag State and Port State Control

Mini break Case Study/Discussion: What is the history and function of Classification Societies? How is Class involved in Flag State control? What Flag and Class would you choose and why?

3:15pm Afternoon Tea Break + Networking

3:30pm Speaker: Ms Seeba Ann Mathew, Marine Advisory Consultant, DNV GL

Green Shipping: Trends, Challenges and Opportunities • The impact of ship source emissions and the environmental challenges facing the shipping industry: how big a problem is it? • Current and future environmental regulation with a focus on air emissions and ballast water: the commercial, technical & cost impli-

cations. • Future regulations, challenges, technology and solutions. • Shipbuilding & the uncertainties of the current global economy & demand.

Mini break Case Study/ Discussion: Bunker fuel oil is a major operating cost factor and now high profile air pollutant. As a shipowner, would you retrofit “scrubbers” to your existing fleet or sell/scrap and build new LNG/Diesel duel fuelled ships?

5:00pm End of Day 1 classes

Day 2 Wednesday, 22 March 2017

9:00am Speakers: Mr Harry Jamieson and Mr Wilson Foo, Fearnleys Asia, Ship Brokers in Singapore

Shipping Markets: The Broker’s Perspective • Winners and Losers: current freight rates, earnings, fleet capacity, order books and trends in a still uncertain global economy. • Current and future markets: segment focus, strategies for survival and positioning for the upswing.

Mini break Case Study/ Discussion: What vessel types would you be buying now or building for the future? Dry bulkers or tankers? Or something else?

10:45am Morning Coffee Break + Class Networking

11:00am Speaker: Mr Christian Nolting, Director of Shipping Finance Asia Pacific, Norddeutsche Landesbank Girozentrale, Singapore Branch Ship Finance: Current challenges, trends and outlook • The global ship finance markets, the different sources of finance for shipping companies and the traditional role of bank finance. • Why is ship finance so challenging? The different risk considerations – a banker’s perspective. • Lessons learned from past shipping cycles - global restructuring. • Alternative forms of ship finance, vessel valuation methodologies and asset play.

Mini Break Case Study/Discussion: Evolution of Ship Finance: Future opportunities for traditional bank finance. What are the bank favoured ship- ping sectors and what alternative forms of ship finance might become available?

12:30pm Lunch (1hr)

1:30pm Speaker: Mr Dave Wisse, Contract Manager, and Mr Reinder Peek, General Manager, SMIT Salvage Maritime Salvage and Wreck Removal: law, contracts and practice • “No cure, no pay” as the underlying principle of maritime salvage. • The different types of maritime casualties and emergency responses. • The role of the professional salvor and the contracts utilised. • Who ultimately pays for salvage and pollution control/clean-up? • Wreck removal and the impact of the ‘Nairobi Convention’.

Mini break Case Study/Discussion: Group casework & interactive discussion of a salvage casualty, the liabilities and the award outcomes.

3:15pm Afternoon Tea Break + Class Networking

3:30pm Speaker: Ms Djeni Rolana, BI Adjunct Lecturer & Managing Partner, Long Hills LLC

Introduction to Chartering: concepts, operation and revenue • Charter party freight/hire earnings as the key to the business of shipping. • Charter Party contract types: Time, Voyage and Bare Boat. • Chartering features: the parties, orders and positions, negotiations and reply time to agree fixtures. • Risks and expenses during time, voyage and bareboat charters: who pays for what?

Mini Break Case Study/Class Exercise: What is TCE (Time Charter Equivalent)? How to determine TCE and convert it into a freight rate and vice versa

5:00pm End of Day 2

Day 3 Thursday, 23 March 2017

9:00am Speaker: Mr Michael Elwert, Group CEO, Elektrans Group

Ship Management & Fleet Operations: a 3rd Party Manager’s Perspective • The Technical, Crewing and Commercial elements of Ship Management. • The daily and on-going obligations of a quality 3rd party manager, including compliance with the ISM and ISPS Codes and the

STCW and MLC Conventions. • The BIMCO Shipman contract, its terms & market use. • Future of outsourced ship management as a profit optimisation tool.

Mini break Case Study/ Discussion: In-house ship management vs. out-sourced 3rd party management? Control and cost/benefit considerations. What’s best?

10:45am Morning Coffee Break + Class Networking

11:00am Speaker: Mr Lewis Hart, Executive Director, Willis, Singapore

Marine Insurance & Markets: a practical guide for shipping executives • Risk management fundamentals and the function of marine insurance. • The insurance markets and the role of the broker and underwriters. • Types of marine cover available, including H&M, P&I & Cargo Insurance. • Casualty losses, market impact and current trends.

Mini break Case Study/Interactive Discussion: What risk factors do underwriters consider when quoting? How are premiums calculated? What techniques can be used to reduce premiums?

12:30pm Lunch (1hr)

1:30pm Speaker: Dr Jasmine Lam, Asst. Professor & Director of Maritime Studies, Nanyang Technological University (NTU)

Future Ports, Megaship Cargo Handling and Automation • Role of ports in the global cargo transport supply and demand chain. • Review of current container port operations & productivity in Singapore. • Singapore’s future fully automated mega ports and terminals for mega ships. • Automated cranes and AGV’s controlled by computer guidance. • Socio-environmental impacts on neighbouring cities & communities.

Mini break Case Study/Discussion: How does a port handle the increased throughput associated with ‘Mega’ container ships of 20,000 TEU’s, but without significantly increasing call duration or compromising ISPS Code standards of port security?

3:15pm Afternoon Tea Break + Completion of Key Elements Course Feedback Forms

3:30pm Facilitators: Capt. Robert Gordon and Dr Jasmine lam

Course Summary Workshop and Learning Assessment: • Class groups will each be allocated a course topic to summarise & present. • Each group will present their key ‘Take Aways’ as a summary of what they have learned during the course + respond to assess-

ment questions from the Workshop facilitators. • Interactive discussion will be encouraged throughout to generate input (including challenges!) from all class participants. 4:30pm End of Day 3 and the KES Course: Award of BI Norwegian Business School “Certificate of Achievement” to participants by Ms Ellen Heggelund, BI Project Manager & Assoc. Professor Dr Jasmine Lam, NTU

Course delegate photos for the SeaProf Facebook page and BI Website.

5:00pm KES thanks and farewell to all course participants and speakers. Delegates will be invited to join the SeaProf/ Key Elements Facebook Page to stay in touch with KES classmates and keep up to date with new courses and topical developments in shipping

About the courseThe KES course has been run twice each year since 2011. It is taught by senior academics and leading marine industry professionals so as to provide a blend of both theory and topical market practice.

Who should attendThe course is designed primarily for people who have recently started to work in the industry, or who may have been in the industry for several years and now aspire to move up to a more challenging management role.

OutcomesThe participants will understand the roles of the many shipping industry “players”, the regulatory complexities of ship owning and manage- ment, the intricacies of ship acquisition and finance, shipping economics and market cycles, chartering fundamentals and revenue projection, fu-ture ports, risk management and marine insurance, maritime salvage and the challenges and opportunities of green shipping. Learning assessment will be by way of case studies and Q & A sessions and a BI Norwegian Business School “Certificate of Achievement” will be awarded. The course will enhance the knowledge, confidence and credentials of the participants to enable them to advance their careers in one of the world’s most challenging industries.

Venue, course fees & rebates:Location: Amara Hotel SingaporeCourse Fees: SGD 3,725.00 (no GST)

Singapore Citizens & PR’s: Application for MCF training grant support has been made and formal approval is pending. Details will be advised later.

Singapore Citizens, PR’s and Foreign Work Pass Employees: the PIC 40% cash rebate is also available. Details are available at: www.iras.gov.sg/irashome/Schemes/Businesses/Productivity-and-Innovation-Credit-Scheme/

Contact details Ms Ashley Loke, BI/SeaProf executive short programme administrator in Singapore.Phone: +65 6632 3595 Email: info@seaprof.com / ashley@seaprof.comRegistration and more information: www.bi.edu/kes2017

Application for MCF training grant

support has been made and formal approval is pending. Details

will be advised later.

BI Norwegian Business School One of Europe’s largest business schools, BI is the only Norwegian

business school that has received the three most prestigious international accreditations.

REGISTRATION AND MORE INFORMATION:bi.edu/kes2017