Shipping, being one of the most international industries, is risky and highly capital intensive. This course gives students a foundation to work with the financing, risk assessment and insurance of ships within lenders, project finance specialists, investment banks, private equity, marine insurers and shipping companies. Sustainability, being one of the topic focuses of the industry, will be addressed through the course. The course builds around two main topics:
Shipping finance: How shipping companies fund their assets, i.e. their capital structure and sources; How ship finance providers evaluate their investments, i.e. credit analysis - including vessel valuation (collateral), earnings analysis (cashflow) and covenants. We also cover how sustainable finance initiatives in shipping can be used to promote green shipping investments.
Marine Insurance: How insurance companies and P&I Clubs indemnify shipping companies and financiers, including the structure of the marine insurance market; types of marine risks and underwriting (e.g. marine insurance policy coverage and data analytics for marine risk assessment); and claims handling in relation to, for instance, ship operations, persons and the environment.