Course description
Directors in today’s strongly competitive maritime industry should adapt with nonstop continuous technical, regulatory and commercial development. They must be able to expect future openings and act proactively, equipped with up-to-date abilities and comprehensive information in case they need to hold their competitive edge. This programme has been outlined to supply a “boot camp” for supervisors. It is ceaselessly upgraded to address issues of basic significance within the maritime industry over its operational, technical and commercial perspectives.
Upcoming start dates
Outcome / Qualification etc.
- Explain the fundamental principles of contemporary maritime and regulatory issues
- Analyse the challenges and trends in maritime markets
- Discuss the corporate and economic driving forces in the sector
- Discuss the fundamentals of maritime and ocean governance
- Discuss the management tools, with a focus on maritime spatial planning
- Appraise the ship finance sector in terms of markets, participants, sources of ship finance, current trends and future challenges
- Implement financial analysis for investment in the shipping industry
- Analyse the cost of capital and the capital structure of maritime organizations
- Develop a deep understanding of shipping bank processes when extending a shipping loan facility
- Evaluate alternative sources of capital for shipping projects
- Evaluate the appropriateness of private and public equity and high-yield bonds
- Understand fundamentals of individual and group processes and how they relate to management and organizational behaviour
- Explore human resource management theory and applications in the maritime industry
- Explore leadership theory and applications in the maritime industry
- Appreciate ethics and social responsibility from a corporate/organizational perspective
- Identify key safety and security issues relevant to the maritime domain
- Evaluate the risk associated with various maritime safety and security scenarios
- Understand the role of various IMO conventions (SOLAS, MARPOL, STCW, SAR), codes (ISM code, ISPS code) and instruments (III) in mitigating the risk of safety and security challenges
Training Course Content
CONTEMPORARY GLOBAL MARITIME REGULATORY AND MANAGEMENT ISSUES IN THE SHIPPING SECTOR
- Maritime economic and corporate driving forces
- Maritime markets, challenges and trends
- Leadership culture in the field of maritime conventions, expertise in public relations and communications
- Public relations and communication imperatives
- Maritime and ocean governance
- Maritime spatial planning
- Ocean sustainability
STRATEGIC FINANCIAL TOOLS
- Shipping markets: cyclicality, timing and forecasting
- Capital budgeting and investment appraisal
- Cost of capital and capital structure in shipping
- Financial analysis of a shipping project
- Bank shipping loans and bank syndication
- Bank credit policy and analysis
- Bank loan monitoring, legal considerations and workouts
- Issuance of a shipping bank loan
- Alternative sources of ship financing (public and private equity and debt, leasing, etc.)
HUMAN RESOURCE MANAGEMENT
- The nature of management and organizations; organizational structure, culture and learning
- Individual and group processes in organizations
- HR management principles, policies, procedures and systems
ORGANIZATIONAL PROCESSES AND LEADERSHIP IN A MARITIME CONTEXT
- International and national labour law applications in the maritime industry
- Management of change in maritime organizations
- Leadership concepts and applications
- Corporate social responsibility
EFFECTIVE MANAGEMENT OF SAFETY, SECURITY AND RISK
- The human element in a socio-technical system
- Occupational health and safety and social regulation in shipping context
- An overview of risk assessment - concepts and methods
- Risk management - mitigating and controlling risk in poor safety and security situations
- Risk management in the IMO - an introduction to FSA and other IMO tools
- The need for accident investigation in the maritime industry
- Learning from past mistakes - how to investigate an accident
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London Maritime Academy
London Maritime Academy provides a wide range of maritime training courses tailored to the global industry. Located in London and known for international standards, we offer diverse Classroom and Online courses taught by highly experienced experts in the maritime sector....