The participants shall revisit or gain advanced knowledge in the field of tramp shipping economics. The aim is to clarify and scientifically explain concepts, often misused, such as of the ‘shipping cycles’ and ‘slow steaming’, as well as to present the classical model of demand and supply and the derived quest of optimum speed and employment scheme. Moreover, the limitation of the models will be explained, as well as the implications of decarbonisation. Numerical examples and business-related topics enrich the content, aiming also at sparking discussions and interactive teaching.Topics:1. Shipping Cycles2. Incidence of Sea Transport 3. Demand and Supply of Shipping Services 4. Spot vs. Time Employment 5. Analysis of the Baltic Indices 6. Optimum Speed 7. Greening Considerations 8. Numerical Examples
Young and experienced maritime professionals; ideal for financiers, mariners, lawyers and engineers currently active in the industry.