Purpose

The Marine Shipping Business Management (MSBM) courses, both Level 1 and Level 2, are designed to provide participants with a comprehensive understanding of the principles, practices, and challenges involved in managing a marine shipping business.

The purpose of MSBM Level 1 is to provide participants with a foundational knowledge of the key concepts and fundamentals of marine shipping business management. The course aims to introduce participants to the various aspects of the industry, including vessel operations, international trade, maritime regulations, and logistics management. It covers the basics of commercial shipping, port operations, chartering, and freight forwarding.

Building upon the foundational knowledge gained in Level 1, the purpose of MSBM Level 2 is to further develop participants’ understanding of advanced topics and specialized areas in marine shipping business management. This course focuses on more complex aspects of the industry, such as strategic management, financial analysis, risk management, and regulatory compliance. It delves deeper into areas like vessel chartering, shipbroking, maritime law, and supply chain management.

Course Objectives

The objectives of Marine Shipping Business Management (MSBM) Level 1 and Level 2 courses can be outlined as follows:

Foundation Knowledge: Provide participants with a solid foundation of knowledge and understanding of the marine shipping industry, its key stakeholders, and the fundamental concepts and principles of shipping business management.
Industry Overview: Familiarize participants with the various sectors and segments of the marine shipping industry, including liner shipping, bulk shipping, containerization, and port operations.
Operational Understanding: Develop participants’ knowledge of vessel operations, cargo handling, freight forwarding, and logistics management within the shipping business context.
International Trade and Regulations: Introduce participants to the basics of international trade, trade routes, shipping documentation, and the legal and regulatory frameworks governing the maritime industry.
Commercial and Chartering Basics: Provide participants with an understanding of commercial shipping operations, vessel chartering, freight rates, and contract negotiation.
Advanced Management Concepts: Deepen participants’ understanding of advanced management concepts and principles relevant to the marine shipping business, such as strategic management, financial analysis, and risk management.
Specialized Topics: Explore specialized areas of marine shipping business management, including shipbroking, maritime law, supply chain management, and port operations.
Decision-Making and Problem-Solving Skills: Enhance participants’ critical thinking, decision-making, and problem-solving skills within the context of managing shipping business operations and dealing with complex industry challenges.
Regulatory Compliance: Provide participants with knowledge and insights into the regulatory and compliance requirements in the shipping industry, including environmental regulations, safety standards, and international conventions.
Industry Trends and Future Challenges: Familiarize participants with emerging trends, technological advancements, and future challenges in the marine shipping industry, enabling them to anticipate and adapt to changes in the business landscape.

Training Mode : Online (Only)

Description

Marine Shipping Business Management (MSBM) Level 1 & Level 2 courses can be described in the following statements:

MSBM Level 1 course provides participants with a foundational understanding of the marine shipping industry, covering topics such as vessel operations, international trade, logistics management, and port operations.

MSBM Level 1 course introduces participants to the basics of commercial shipping, including freight forwarding, chartering, and cargo handling. It also covers essential regulatory and compliance aspects of the industry.

MSBM Level 2 course builds upon the foundation established in Level 1 and focuses on advanced management concepts, such as strategic management, financial analysis, and risk management specific to the marine shipping industry.

MSBM Level 2 course delves into specialized areas of marine shipping business management, including shipbroking, maritime law, supply chain management, and port operations, providing participants with in-depth knowledge and insights.

Both MSBM Level 1 and Level 2 courses aim to equip participants with the necessary skills, knowledge, and perspectives to effectively manage shipping business operations, make informed decisions, and navigate the challenges and complexities of the dynamic marine shipping industry.

This course covers in details Ship Transport, Modes of Transport, Basic Type of Ships, The Marine Society, Bailment, Special Contracts – Indemnity & Guarantee, General Damages, TORT- Negligence in shipping & defenses against tortuous liabiilities, Bills of Lading, Hague Rules, Governing Law & Jurisdiction, Ship Management & the ISM Code and more

Marine Shipping Business Management (MSBM) Level 1 & Level 2 is designed to provide detailed knowledge of marine shipping business management and will assist those who are switching or enhancing there career in marine shipping.

Course Outline

Section 1: Introduction to Marine Shipping Business Management

Overview of the marine shipping industry and its importance in global trade.
Key stakeholders and their roles in the shipping business ecosystem.
Trends, challenges, and opportunities in the industry.

Section 2: Vessel Operations and Cargo Handling

Types of vessels and their characteristics.
Cargo types and handling procedures.
Port operations and terminal management.

Section 3: International Trade and Logistics Management

Fundamentals of international trade and trade routes.
Shipping documentation and regulatory frameworks.
Basics of logistics management in the shipping context.

Section 4: Commercial Shipping Operations

Chartering and brokerage basics.
Freight rates and contract negotiation.
Customer relationship management in the shipping industry.

Section 5: Safety, Security, and Environmental Sustainability

Importance of safety and security in maritime operations.
Environmental regulations and sustainability initiatives.
Best practices for ensuring safe and sustainable shipping operations.

Section 6: Strategic Management in the Shipping Industry

Strategic planning and analysis.
Market trends and competitive positioning.
Business development and growth strategies.

Section 7: Financial Analysis and Management in Shipping

Financial reporting and analysis.
Budgeting and cost control in the shipping context.
Financial risk management and performance evaluation.

Section 8: Specialized Topics in Marine Shipping Business Management

Shipbroking and charter party agreements.
Maritime law and legal aspects of shipping operations.
Supply chain management and logistics optimization.

Section 9: Risk Management and Compliance

Identification and assessment of risks in the shipping industry.
Risk mitigation strategies and contingency planning.
Regulatory compliance and adherence to international conventions.

Section 10: Emerging Trends and Future Challenges in Shipping

Technological advancements in the industry.
Sustainability initiatives and green shipping practices.
Market dynamics and adaptability to changing industry trends.

Technical Support References

Ref 1: Basic Type of Marine Vessel
Ref 2: The Marine Society
Ref 3: Marine Vessel Bailment
Ref 4: Marine Vessel Special Contracts – Indemnity & Guarantee
Ref 5: Marine Vessel General Damages
Ref 6: Marine Vessel TORT- Negligence in shipping & defenses against tortuous liabiilities
Ref 7: Marine Vessel Bills of Lading
Ref 8: Marine Vessel Hague Rules, Governing Law & Jurisdiction
Ref 9: Ship Management & the ISM Code
Ref 10: Marine Vessel Operations with JSA
Ref 11: Marine Vessel Commercial Operations with JSA
Ref 12: Marine Vessel Safety and Environmental Compliance
Ref 13: Marine Vessel Financial Management with Case Study
Ref 14: Marine Vessel Human Resources with Case Study
Ref 15: Marine Vessel Technology and Innovation
Ref 16: Marine Vessel Risk Management with Case Study
Ref 17: Marine Vessel Inspection Steps
Ref 18: Marine Vessel Maintenance Steps
Ref 19: Marine Vessel Repair Steps
Ref 20: Marine Operations Project Management with Case Study

Assessment

Participant underpinning knowledge of marine shipping business management will be accessed with short answer multiple choice questionnaire at the conclusion of the course along with shipping contracts management.

Outcome

Participants will gain an in debt understanding of marine shipping business management along with shipping contract management. They will also be able to function with minimum supervision as a graduate resource personnel, human resource manager, business development manager, procurement manager for marine shipping company.