Anatomy of Ship Finance

– Borrowing in a down market –

Freight markets have struggled in recent years compared with the heady levels of the last decade. Additionally the World banking sector is reeling under the weight of the “Credit Crunch” and the subsequent evolution of compliance and regulatory controls. How then can shipowners find the money to finance vessel acquisitions?

While it may be obvious that the time to buy a vessel is when the values are low, it is also the time when banks have a reduced appetite for lending. As commercial bank debt remains the main vehicle by which shipowners finance their fleets, how will owners bridge the gap between need and availability?

Bank lending, however, is only one of a number of alternative means to raise capital, most of which will be investigated during this Singapore-based “Anatomy of Ship Finance” course. Derived from the course held annually in Cambridge since 1990, all of the major issues of ship finance will be covered by the lecturers, each of whom has considerable experience in the business. Designed to be thoroughly practical, the seminar is an ideal way to make new contacts whilst at the same time developing a deeper understanding of financing methods and industry practices. This includes:

  • What financial structure is best suited for different risk exposures?
  • What forms of security are required?
  • What happens when it all goes wrong?
  • What protection do lenders have to avoid losses ?
  • What are the early signs of default?
  • What action should be taken and by whom?
  • How is the value of a loan recovered?

The course has been further refined with the addition of a business game based on the relationship between a shipowner and a bank. The game deals with negotiation, credit risk, loan offers, client relationships and fleet expansion.  It consists of a series of dynamic responses to market driven events which include options to finance using different strategies and to choose how to deploy the fleet using a variety of chartering and S&P alternatives. Team competitiveness and a realistic set of parameters ensures that participants receive practical benefit from their given task.

Course information

5-8 March 2018
M Hotel, Singapore

M Hotel

Course venue and fee

The venue for the course is the M Hotel in Singapore — part of the Millennium Hotel Group. The fee is USD3600 which includes all documentation, light refreshments and lunch each day. Accommodation is NOT included but is available at the venue or one of the many hotels located nearby.

MCF Training Grant is available for eligible participants on the Anatomy of Ship Finance course. Please refer to www.mpa.gov.sg/mcf for information.

Further information on this programme or to register your interest, contact:
Registrations Department
Cambridge Academy of Transport
48 Whitlesford Road
Little Shelford
Cambridge CB22 5EW
UK
Email: You must enable JavaScript to see this e-mail address.

Programme and Booking Form

To download a programme giving fuller details of the course,  click here.

For a Booking Form,  click here.