Maritime Transport Economics and Costing Models Training Course

Maritime Transport Economics and Costing Models Training Course

Foundation | 5 days | Face to Face / Online / Elearning | Certificate
01

Course Overview

Course Summary
Course Title Maritime Transport Economics and Costing Models Training Course
Organization Tech For Development (T4D)
Venue Tech For Development (T4D) Training Centre
Duration 5 days
Target Industries
Target Job Roles
Course Fees (Face-to-Face) USD 1,500/KES 99,000 (Exclusive of VAT)
Course Fees (Virtual) USD 1,000/KES 70,000 (Exclusive of VAT)
Training Modes Virtual and face-to-face training
Payment Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course
Accreditation Tech For Development Certificate of Course Completion

 

Course Overview
This course equips maritime professionals with knowledge of transport economics and practical cost modeling techniques. Participants will learn to analyze shipping market trends, model voyage and vessel costs, and apply economic insights to optimize maritime operations.

Course Duration:
5 Days

Target Audience:

  • Shipping Company Financial Analysts

  • Chartering and Operations Managers

  • Port Economists and Planners

  • Maritime Policy Advisors

  • Logistics and Supply Chain Officers

Personal Impact:

  • Enhanced ability to model cost drivers and voyage economics

  • Improved decision-making in chartering, route planning, and fleet management

  • Strong grasp of maritime market dynamics

Organizational Impact:

  • Optimized cost control and profitability

  • Better-informed bidding, chartering decisions, and route selection

  • Data-driven market strategy and performance monitoring

Course Objectives:
By the end of the training, participants will be able to:

  • Understand key drivers of maritime freight costs and market cycles

  • Develop vessel cost and voyage profitability models

  • Analyze economic indicators affecting shipping rates

  • Use costing models to support strategic decisions

  • Benchmark performance across different operational scenarios

02

Course Modules

Course Modules
Module 1: Principles of Maritime Transport Economics

  • Overview of shipping markets: bulk, liner, tanker

  • Supply-demand dynamics and freight cycles

  • Cost vs price relationships and marginal costing

  • Practical Exercise: Analyze charter market trends

Module 2: Vessel Operating & Voyage Cost Structures

  • Definitions: OPEX, CAPEX, bunkers, port costs

  • Building a voyage cost model: fuel, port, canal, and canal dues

  • Calculating voyage profitability and breakeven

  • Group Activity: Develop a Standard Voyage Estimate (SVE)

Module 3: Market Analysis and Freight Rate Forecasting

  • Freight indices (BDI, CCFI, TC rates)

  • Economic indicators and their shipping correlations

  • Scenario planning and risk-adjusted forecasting

  • Case Study: Predicting bunker price impact on freight rates

Module 4: Performance Appraisal and Financial Modeling

  • Benchmarking voyage performance

  • Key indicators: TCE, ROCE, ROI

  • Cost sensitivity and scenario analysis in Excel

  • Practical: Create dynamic cost models for different vessel types

Module 5: Strategic Applications & Decision-Making Tools

  • Chartering decisions and spot vs time charter analysis

  • Fleet deployment economics

  • Optimization techniques: backhaul, slow-steaming

  • Final Exercise: Present an economic assessment for a trade scenario

03

Course Administration

Methodology

Instructor-led sessions use a blended learning approach combining presentations, guided practical exercises, web-based tutorials, and group work, delivered by seasoned industry experts. All facilitation and course materials are in English, so participants should be reasonably proficient in the language.

Accreditation

Upon successful completion of this training, participants will be issued a Tech For Development Certificate of Course Completion

Training Venue

The training will be held at the Tech For Development Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.

Accommodation & Airport Transfer

Arranged upon request.For reservations contact the Training Officer:
Email: [email protected]
Phone: (+254) 790 824 179

Tailor-Made

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our T4D Training Centre or at a convenient location.

Payment

Payment should be transferred to the T4D account through a bank on or before the start of the course. Send proof of payment to [email protected].

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Kigali
Addis Ababa
Kuala Lumpur
Accra
Cairo
Pretoria
Cape Town
Johannesberg
Zanzibar
Arusha
Kisumu
Dubai
Mombasa
Nairobi
Nakuru
Machakos
Naivasha
Kampala