Key Elements of Shipping

Singapore 10 - 12 October 2017: A 3-day intensive learning course, providing a comprehensive overview of the dynamics and challenges of the maritime industry.

About the course 

The course is taught by senior academics together with leading marine industry professionals. The concept is to provide a balance of both theory and market practice which is then reinforced through topical case studies. The focus is on ensuring active participation and understanding by engaging participants in a free interchange of ideas, questions and practical experience throughout the programme. 


Read our brochure

Target group 

The course is designed primarily for maritime professionals 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. 


On completion of 'Key Elements of Shipping', participants will have gained a better understanding of the fast moving dynamics of the business of shipping, inclusive of stakeholder functions & interrelationships. The 'Elements' will include shipping company structure, ship types & fleets, ship registration, regulation of shipping, ship broking, ship finance, chartering, ship management, salvage & wreck removal, marine insurance and green shipping.

The learning provided to participants will be assessed by way of group case studies. A BI "Certificate of Achievement" will be awarded on successful completion. The design goal is that the KES course will enhance the knowledge and confidence of the participants and enable them to advance their careers in one of the world's most international and challenging industries.

Relevant information

Date and time
10 - 12 October 2017
From 8:30 a.m. to 5:00 p.m.

Amara Hotel, 165 Tg Pagar Rd, Singapore 088539 

Parking coupons will be made available on request. 

Internet Connection
Internet connectivity will be provided to participants on request.

Course fee per participant
SGD 3,725.00 (No GST chargeable) 
This fee covers lectures, documentation, handouts, lunches and refreshments. 
Accommodation and travelling costs are not covered.

Singapore Citizens and PR’s: MCF Training Grant is available for eligible participants. Please refer to for information.

Singapore Citizens, PR’s and Foreign Work Pass Employees: the PIC 40% cash rebate is also available. Details are available at

Please note that each participant will receive an invoice from our education partner in Singapore, Seasia Professional Development Pte Ltd. The invoice will include an application form for the MCF Training Grant. Invoice payment must be made prior to your attendance.

Members of the BI Alumni network receive 20% off Executive Short Programs.

The completion and submission of a course registration form creates a binding contract with BI to pay the full fee. Cancellations may be made up to 14 days before the start of the course, subject to payment of an administration  fee of SGD 250.00. Substitutions may be made at no extra charge but must be notified in writing to

For further information about the course programme, fees, the grants available from the MPA and the rebates available from the PIC, please feel free to contact Course Coordinater, Ms. Ashley Loke at telephone +65 6632 3595 or e-mail: /


Ellen Heggelund:

Ashley Loke:

Practical information

  • Time:Tuesday, October 10, 2017 8:30 AM - Thursday, October 12, 2017 8:30 AM
  • Place:Amara Hotel, 165 Tg Pagar Rd, Singapore 088539
  • Price:SGD 3,725.00


  • Time
  • Title
  • Speakers
  • Day 1 Tuesday, 10 October 2017

  • Registration + morning coffee "meet & greet" networking

  • Course Welcome & Introduction

  • 90% of Everything - introduction to "Key Elements" & the Business of Shipping

    • International Shipping "Lifeblood of world trade"?
    • Major 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.
    • 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.

    Case Study/Discussion: What’s happening right now in shipping?

    • What are your own current roles as shipping “players”?
    • What are your views on todays ‘shipping critical’ issues?
    • What technological changes do you see impacting on your current role?
  • Coffee Break

  • Shipping Markets - current analysis and the shipbroker’s forward global view

    • Current freight rates, earnings, fleet capacity, scrapping and order books in a still uncertain global economy.
    • Is the upswing on the way?
    • Trends and future markets.
    • Strategies for both survival & growth.

    Case Study/ Discussion: What would you be buying now or building for the future?

    • Dry bulkers or tankers?
    • Containerships? Or something else?
  • Lunch Break

  • Technical Ship Management & Crewing – the ship operation & maintenance function.

    • The BIMCO ‘Shipman’ contract.
    • Competence, quality and service excellence.
    • Regulatory compliance - ISM & ISPS Codes, the STCW and MLC Conventions.
    • Operational mistakes and ‘safety barriers’
    • Crew recruitment, training and loyalty.

    Case Study/Discussion: In-house ship management vs. out-sourced 3rd party management?

    • What’s best?
    • Control and cost/benefit considerations.
    • Options and selection criteria
  • Tea Break

  • Commercial Ship Management & Chartering - the principle revenue creator in shipping

    • Charter Party types: Time, Voyage and Bare Boat and ‘Standard Forms’.
    • 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?

    Case Study/Discussion: What is TCE (Time Charter Equivalent)?

    • TCE as a revenue assessment tool.
    • How to determine TCE and convert it into a freight rate and vice versa
  • End of Day 1

  • Day 2 Wednesday, 11 October 2017

  • Q & A review of Ship Types and Trades

  • Ship Registration, Regulation & Classification – the legal and enforcement framework.

    • Function of ship registration & flagging.
    • UNCLOS, flag state jurisdiction & obligations.
    • IMO Conventions and shipping regulation.
    • Ship Classification and the multiple roles of IACS Class Societies.
    • Conflicts & the advent of Port State Control

    Case Study/Discussion: Flags of Convenience (FOC’s) and Open Registers.

    • Are they a benefit or a threat to the safety of shipping? What’s your view?
  • Coffee Break

  • Essentials of Ship Finance – a banker’s perspective.

    • The global ship finance markets, current challenges, trends and outlook.
    • Sources of finance for shipping companies and the traditional role of bank finance.
    • Why is ship finance so challenging? The risk considerations – a banker’s view.
    • Lessons learned from past shipping cycles and global restructuring.
    • Alternative forms of ship finance, vessel valuation methodologies and asset play.

    Case Study/Discussion: Evaluation of an application for a ship finance bank loan.

    • Factors for consideration and assessment.
    • Would you approve the loan?
  • Lunch Break

  • Ship Casualty Control – Salvage & Wreck Removal Contracts & Operations.

    • “No cure, no pay” as the underlying principle of maritime salvage.
    • The different types of maritime casualties and emergency responses required.
    • Role of the professional salvor and the contracts utilised. e.g. Lloyd’s Open Form
    • Who ultimately pays for salvage and pollution control and clean-up?
    • Wreck removal and the impact of the “Nairobi Convention”.

    Case Study/Discussion: Review of a developing salvage casualty that turns into wreck removal.

    • Casualty assessment, liabilities. contracts and outcomes.
    • Role play and responses as principal parties to the incident.
  • Tea break "takeaway" & board bus

  • Ship Simulator Training & the Human Element (visit to the Kongsberg simulator)

    • Problem of the “Human Element” as the cause of 80% of ship casualties.
    • Use of ship bridge, engine and other simulators for both training & assessment.
    • Demonstration of ship bridge simulator in navigation and manoeuvring mode.
    • “Hands on” simulator session to demonstrate situational realism to course participants.

    Summary of the simulator experience, discussion and Q&A:

    • Which other shipboard situations can be simulated?
    • Can simulators overcome the “Human Element” problem?
  • End of Day 2 – board bus back to Amara Hotel.

  • Day 3 Thursday, 12 October 2017

  • Q & A review of the Human Element issue.

  • Ships of the Future & Techno 2025 – Green Power, Design Optimisation and Digitisation

    • The “no emissions ship”, how far away is this?
    • Green Fuel – battery power, hydrogen, LNG
    • Design features including hull aeration.
    • Digitisation of shipboard data and sensors.
    • Monitoring from shore stations and the move towards the autonomous ship
  • Coffee Break

  • Marine Insurance in the 21st Century – a “Big Ship” and “Big Risk” world.

    • Risk management concepts and the function of marine insurance.
    • The insurance markets and the role of the broker and underwriter.
    • Types of marine cover available, including H&M, P&I & Cargo Insurance.
    • Casualty losses, market impacts and current trends.

    Case Study/ Interactive Discussion:

    • Which risk factors are considered by underwriters when quoting?
    • How are premiums calculated?
    • What techniques can be used to reduce premiums?
  • Coffee Break

  • Maritime Cyber Security – countering the new global IT menace.

    • The ‘Be Cyber Aware at Sea Campaign’
    • Shore-based and shipboard cyber-attacks.
    • Hacking and ‘ransomware’ threats.
    • Hi-jacking risks relating to computerised navigation and propulsion systems.
    • ISPS Code procedures, the ‘human element’ problem & heightened vigilance planning
  • Lunch Break

  • Ports of the Future – Automation, the Singapore Model and Beyond.

    • 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.
  • Short Tea Break

  • “Key Elements” Group Workshop and Summary:

    • The class will be divided in groups, and they will be allocated a KES course topic (s) to summarise & present.
    • Each group will present their key point summarisation of their course learning.
    • Interactive class discussion and challenges will be encouraged throughout the course.
  • End of Day 3 and the KES Course

    Award of BI Norwegian Business School certificates and a class photo session.

  • BI and SeaProf thanks and farewell

    Participants are invited to attend the end of course reception and to stay in touch through the SeaProf Face Book site and website.


  Capt. Robert Gordon, Master Mariner, LLB, LLM, Solicitor and MD of SeaProf Executive Education
Capt. Gordon spent 20 years at sea as a deck officer, shipmaster and pilot before coming ashore to study maritime law at the University of Southampton. He then qualified as a Solicitor and practiced as a partner with admiralty lawyers, Thomas Cooper, in London. Capt. Gordon moved to Singapore in 1995 and founded SEAsia P&I Services, specialising in marine casualty investigation and P&I correspondent defence work. Capt. Gordon provides lectures on ship management, marine insurance and maritime law on the jointly created BI/NTU MSc in Maritime Studies in Singapore as well as at seminars and conferences throughout Asia. After 20 years of heading up SEAsia, his focus is now on creating excellence in maritime executive education through his company, SeaProf, in collaboration with both the BI Norwegian Business School and NTU. 
  Wilson Foo, Shipbroker, S&P Division, Fearnleys, Singapore
Wilson joined Fearnleys in 2014 as a trainee shipbroker. After gaining intensive ‘hands on’ training in a market facing a challenging global economy, he now specialises in the Dry Bulker and Tanker S&P markets with a focus on assisting clients in South East Asia.  Wilson obtained a BA in Communications from Curtin University, Perth, and then completed a postgrad Master of Applied Finance degree at Macquarie University, Sydney. Prior to entering the shipping industry, Wilson worked in the commodities trading and private wealth management sectors.
  Harry Jamieson, Shipbroker, S&P Division, Fearnleys. SingaporeHarry joined Fearnleys at the beginning of 2016 as a trainee shipbroker. Current shipping overcapacity has generated a high level of S&P deals, including demolition. This has provided Harry with a lot of broking experience in a very short time. He currently specialises on the Dry Bulk and Tanker S&P markets, with a focus on South East Asia. Harry holds a BA in Economics and Business from the University of West of England. His introduction to the world of shipping took place when he participated in Clarkson’s internship program in London during his university studies.
  Seeba Ann Mathew, DNV GL, Consultant, Maritime Advisory
Seeba holds a Master of Business Administration degree from Singapore and a Bachelor of Science in Marine Engineering from India. Seeba is a Consultant with DNV GL’s Maritime Advisory, Singapore. Her work is currently focused on developing cleaner and sustainable business solutions for the maritime industry. This includes market analysis (both upstream & downstream), use of LNG as fuel, supply chain consultancy, and regulatory environment analysis and advice. Prior to this, Seeba spent her first two years with DNV GL as a Maritime New Building Surveyor with a primary exposure in offshore supply vessel construction and multi-support vessels.
  Christian Nolting, Director of Ship Finance Asia Pacific, Norddeutsche Landesbank Girozentrale, Singapore Branch
Christian Nolting is a banking professional with international experience in corporate and structured finance. Christian started his banking career in corporate banking with Deutsche Bank in Germany in 2001. In 2008, Christian relocated to Asia, where he has been working in different ship finance related roles in Hong Kong and Singapore for HSH Nordbank, Commonwealth Bank of Australia, SMBC and most recently as a relationship manager for NORD/LB. His current focus is on assisting clients in the Middle East, India, Hong Kong, Singapore and other Asian countries. During his career, Christian has been engaged in a wide range of ship finance work including the structuring and leading of large ship finance transactions, acquisition finance, advisory, operating and finance lease solutions as well as a variety of finance restructures. Christian holds a business degree from University of Münster in Germany and completed recently his Executive MBA at the Nanyang Business School. 
  Capt. Pradeep Desawar, Master Mariner, Msc, MD & Marine Consulstant, Gini Maritime Pte Ltd., former GM of PIL and Asiatic Lloyd Ship Management, Singapore 
Capt. Desawar has been engaged in the shipping industry for many years. His 20 years of seagoing experience, from deck cadet up to Master, included service on board General Cargo Ships, Bulk Carriers and Container Ships. Capt. Pradeep then moved ashore, gaining extensive experience in Marine & Cargo Surveys, Container Cargo Operations and Ship Management as GM of PIL. During this time, he obtained his MSc degree in Maritime Studies from NTU. He then moved on to become GM of Asiatic Lloyd Ship Management, where he was responsible for the in-house Technical Management of a fleet of new, wide beam, 9000 TEU container vessels. This included responsibility for Crew Management, Ship Safety and Ship Security as well as monitoring the performance of 3rd party ship managers. Pradeep is now a Maritime Consultant, with a special interest in maritime executive education.
  Dave Wisse, Contract Manager, SMIT's Salvage, Singapore
Dave Wisse took on the role of Contract Manager, Salvage, at SMIT Singapore Pte Ltd. in 2014. Before his move to Singapore, Dave was part of the Commercial team at the SMIT Salvage Headquarters in The Netherlands. Prior to working at SMIT, he gained valuable experience in the world of maritime casualties and contracting during five years as a Charterer’s Liability Underwriter and Claims Handler with a P&I insurer in Rotterdam. Dave holds an LLM (Master's) degree in Business Law from Erasmus University, Rotterdam. 
  Dr Jasmine Lam, Assoc Prof & Director of Maritime Studies,Nanyang Technological University
Dr Jasmine Lam, PhD, MSc, CILT, Director of the MSc Maritime Studies programme at Nanyang Technological University, Singapore. Dr. Lam is also a member of the BNP Paribas Chair international scientific committee. Dr Lam has extensive experience in maritime executive education that includes invitations from the OECD, NOL, port authorities and banks to speak at international conferences and seminars. Leading a R&D team and working closely with the maritime industry, government agencies and high-ranking universities, Dr Lam has completed numerous research and industrial projects. Her work has been widely published in international journals, books, and conference proceedings. Dr Lam is the recipient of many awards, including the National Day Honours 2015 Commendation Medal awarded by the President of Singapore, the Best Paper Award and Eagle Prize (i.e. Outstanding Scholar) awarded by the International Association of Maritime Economists, and the Erasmus Mundus Scholars Award awarded by the European Commission.
  Capt. Michael P Elwert, Group CEO, Elektrans Group, former Group Director, Thome Group of Companies
Capt. Michael Elwert now heads up Elektrans Group, a major ship owning, ship management, crewing and transport corporation with offices in India, Singapore and Dubai. Michael’s career in shipping began at the Copenhagen Nautical College. He obtained a Master’s degree in Nautical Science and later, in 2001, achieved command with Maersk. Michael then focused on a career ashore with the AP Moller Maersk Group. His positions included Group HR Director and Regional HSSEQ & DPA, Business Development Manager and Operations Manager in Maersk Bulk as well as Crew Management as part of Maersk Technical. During this busy period, Michael obtained an EMBA degree from the Copenhagen Business School. His focus is now on leading Elektrans towards their goal of becoming an integrated marine service provider with global capabilities.
  Lewis Hart, Executive Director, Willis Singapore
Lewis Hart started his career with brokers Lloyd Thompson Ltd in 1988. As an Associate Director of the Marine Hull Division, he worked as a retail broker in the Lloyds and London Company Markets. Lewis joined Willis Faber & Dumas in 1997 as Divisional Director with responsibility for developing marine accounts in Europe. His specialization was in Hull and associated risks, Marine / Offshore Construction and Ports and Terminals.  Lewis was posted to Willis’ Singapore office in 2005 and became Asian Practice Leader in 2007. Lewis is responsible for managing the Willis marine team and their South East Asia book of business. Lewis is a regular guest lecturer on the BI/NTU MSc in Shipping course in Singapore. He has also provided insurance presentations at numerous executive training programmes and seminars in Indonesia, Vietnam, Malaysia and the Philippines. 
  Kunal Pathak, Loss Prevention Executive, Asia GARD (Singapore) Pte. Ltd.
Kunal Pathak is a Master Mariner with 12 years of seagoing experience on board oil tankers and bulk carriers. He moved ashore in 2011 to pursue an MBA in Maritime Management. This was followed by 3 years working for a well-known P&I Club correspondent in Singapore managing both risk assessment and maritime casualties and claims. Kunal joined Gard Singapore in 2015 and works as a Loss Prevention Executive within the Loss Prevention and Risk Assessment team. At Gard, Kunal’s role is to assist Members and Clients in identifying and managing their operational risks and potential consequences. Kunal has a special interest in maritime cyber security which, in the new era of autonomous ships and digitisation, represents a high profile and dangerous risk to the shipping industry.
  Wong Kok Fai, Training Manager & Senior Navigation Instructor for Navigation, Kongsberg Maritime Pte Ltd, Singapore
Kok Fai is a former Republic of Singapore Navy officer. His career spanned 21 years of naval service, including promotion to Commanding Officer of two naval vessels. Kok Fai was also appointed as a naval instructor specialising in navigation and electronic warfare. He joined Kongsberg Maritime Singapore in 2008. Kok Fai is now their Training Manager and Senior Navigation Instructor with certification for the IMO STCW ECDIS Model Course 1.27, the Kongsberg ECDIS Familiarisation Course the and Kongsberg Navigation Simulator Course. In addition to his work in Singapore, Kok Fai has traveled extensively in the provision of training on Kongsberg courses in Norway, Korea, Philippines, China, Indonesia, Australia, Brunei, Myanmar, Taiwan and Nigeria.


See what previous participants think about this course.

"Rewarding experience that awards participants with an abundance of knowledge." Li Minting, Wilhelmsen Ships Services (S) Pte Ltd 

"Without doubt, this is one of the most practical and interactive introductions to the multi-faceted maritime industry." Bernice Chia, Thome Ship Management Pte Ltd 

"A very comprehensive course! I will be highly recommending it to my fellow shipping colleagues." Lim Sherlene, Wilhelmsen Ships Services (S) Pte Ltd

  • "A great learning experience that gave me a better understanding of the shipping industry. I am so happy I attended!"


    Malin Innhaug 
    Nordic Maritime Pte Ltd

  • "I have learnt so much about so many different aspects of shipping - most importantly - thinking outside of the box! This course has definitely provided me with a fantastic level of professional development!"


    Jeanette Quek
    Trust Energy Resources Pte Ltd

  • "Very good! KES put the whole shipping industry into perspective."


    Romain Pruvost
    Norgas Carriers Pte Ltd

  • "Excellent and very relevant training for maritime professionals which I highly recommend. I have gained deeper understanding on a variety of shipping aspects which is very useful to better understand the maritime industry as a whole."


    Astrini Prajogo
    Masterbulk Pte Ltd