FUNDING SHIP ACQUISITION
Course Code
MFM 301
Category
Maritime Management & Administration
Scope
Maritime Management & Administration
Duration
3 days
Status
ACTIVE
Competency
Ability to structure financing for ship acquisition.
Target Audience
Maritime executives, fleet owners, financial professionals, and ship finance specialists.
Course Overview
This course provides a comprehensive guide to the various financial strategies and instruments available for funding new ship acquisition. It is designed for maritime executives, fleet owners, and financial professionals who need to navigate the complex world of ship finance. The program covers key topics such as traditional bank loans, syndicated debt, export credit financing, and alternative funding sources like leasing and private equity. Participants will learn how to evaluate different financing options, conduct financial modeling for vessel projects, and structure deals that align with their company's long-term financial goals and risk profile.
Learning Objectives
- Identify and analyze the primary sources of capital for ship acquisition.
- Evaluate the benefits and risks of different debt and equity financing structures.
- Understand the role of export credit agencies and other non-traditional funders.
- Develop a comprehensive financial plan and a compelling pitch for potential lenders and investors.
- Assess the financial viability of a new vessel project, considering factors like cash flow, asset value, and market conditions.
Daily Topics
Day 1: Ship Finance Sources – Bank loans, Syndicated debt, Export credit financing; ISM Code financial resources, ISPS Code security budgeting.
Day 2: Alternative Funding – Leasing, Private equity, Financial modeling; Basel III, OECD Shipbuilding Credit Agreement.
Day 3: Deal Structuring – Financial plans, Lender presentations, Case studies; SOLAS safety expenditure, MARPOL compliance costs, MLC 2006 financial security.
References
ISM Code (financial resource management), ISPS Code (security budgeting), SOLAS (safety expenditure), MARPOL (environmental compliance costs), Basel III (banking regulations for ship finance), IMO guidelines on financial security, MLC 2006 (financial security for crew), UNCTAD guidelines on ship finance, OECD Shipbuilding Credit Agreement.
Upcoming Course Dates
January 20 – January 22, 2027