Anatomy of Tanker Shipping - three day course in Dubai

Following the collapse of the shipping markets in the mid-80's, a generation of tanker owners came and went without enjoying sustained periods of profitability. Then, at the dawning of the new Millennium, a new breed of owners emerged. During the transition from the Dark Age of tanker ownership to this brave new world of today, the big got bigger and the smart got wiser.

To better understand the factors that have brought about this transformation and ushered in a new era of professionalism, "Anatomy of Tanker Shipping" examines the characteristics of the business today and charts the key events that have shaped this exciting industry.

Pollution, safety, regulation, opportunity, timing and capital are just a few of the ingredients which will feature in this exposé of the tanker shipping business.

Content

Introduction

● The Tanker Industry Today:  Ships and Trade Flows
● Key Features of Crude and Products Markets
● International Institutions and Regulations for Tankers

Key Events Shaping the Industry

● Exxon Valdez and Subsequent Regulatory Initiatives
● United State Oil Pollution Act (1990) and its Impact on IMO Regulations
● Double-hull Tankers
● ISM Code
● Erica and Prestige Casualties and the EU Response
● Accelerated Phase-out of Single-Hull Tankers

Finance and Ship Acquisition

● Tanker Orderbook and Yard Capacity
● Commercial Bank Debt Finance
● Tapping the Capital Markets: New Money in an Old Industry
● Principles of Trading Tanker Forward Freight Agreeements (FFAs)

Operations Management

● Quality Issues with Single and Double-Hull Tankers
● SOLAS and MARPOL Conventions
● Which Flags do Tankers Fly and Why
● Role of Classification in Maintaining Quality
● Growing Importance of the Independent Ship Manager
● Significance of the ISPS Code

Commercial Ship Management

● Charterers' Decision Making Policies: Quality Pays
● Dominance of the Private/Independent Owner
● Seperation of Commercial Control from Operations Management
● Key Clauses in Voyage and Time Charter Parties

Pre and Post Fixture

● Tanker Market Trends
● Practical Applications of Worldscale
● Working the Markets
● Role of the Broker
● Post Fixture Operation: Who does What with Whom
● Laytime and Demurrage Principles

Anatomy of Tanker Shipping

2008 dates to be advised
Knowledge Village, Dubai

To reserve a place on this course, contact:

Naomi Jones
Seatrade Middle East
PO Box 114547
Dubai, UAE
Tel: +971 4 324 5344
Fax: +971 4 324 5345
Email: njones@seatrade-middleeast.ae