Institute of Chartered Shipbrokers
London & South East Branch

ICS home 04 London

Welcome

As a major provider of education and training, the Institute of Chartered Shipbrokers (ICS) sets and examines the syllabus for membership, providing the shipping industry with highly qualified professionals.

ICS is internationally, widely recognised, as the professional body in the maritime arena and it represents shipbrokers, ship managers and agents throughout the world.

Having been granted its Royal Charter in 1920, it now has 25 branches in key shipping areas, 4000 individuals and 120 company members. The Institute's membership represents a commitment to maintaining the highest professional standards across the shipping industry.

The Institute of Chartered Shipbrokers' London & South East Branch is the largest and oldest branch within the Institute and is focussed on both the continuing professional education of our members and on providing them with networking opportunities.

The branch would like to thank the following companies for their support

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Latest News

Investors Are Cautious about Ordering Newbuildings

by Richard Scott FICS, member of London & South East Branch Committee, 22 March 2019
 
Activity in the newbuilding market remains quite subdued, compared with many previous years. Signs pointing to an upsurge in the immediate future are absent. Looking at the broad pattern of new vessel ordering, a revival has unfolded since annual orders collapsed to a very low volume three years ago, but the recovery has been restrained.
 
Statistics for global newbuilding orders placed annually, including all commercial ship types, show a total of 87 million deadweight tonnes in 2018, a figure which probably will be revised. This provisional total, calculated by Clarksons Research, is about 2 percent below the preceding year’s 89m dwt volume, but still well above the decade’s low point in 2016 when only 28m dwt was recorded. Previously, in both 2010 and 2013, annual orders exceeded 150m dwt.
 
The entire orderbook at the end of last year, a ‘snapshot’ view including contracts agreed during last year as highlighted above, totalled 220m dwt, equivalent to about 11 percent of the existing world fleet. A noteworthy aspect is that orderbooks for the main individual sectors - tankers, bulk carriers and container ships - were all within a narrow range of 10-12 percent of respective existing fleets. By contrast the orderbook for liquefied natural gas (LNG) carriers was much larger, at 25 percent of existing tonnage.
 
For shipping markets, the newbuilding deliveries pace which is likely to result from the orderbook is particularly significant. About half of the end-2018 orderbook total is scheduled for delivery this year, followed by under two-fifths next year. But actual deliveries in 2019 almost certainly will be lower than the scheduled figure, a typical outcome. Perhaps this year’s total will be broadly in line with last year’s 80m dwt recorded newbuilding deliveries.
 
What explains the mostly restrained investors’ attitude to ordering new ships? Although circumstances in individual sectors vary, common factors are visible. Many shipowners are more uncertain about future good investment returns, after long periods of difficult freight markets in the past decade. Further lengthy market adjustments may be needed to restore market balances, aided by relatively low new capacity volumes added. Less abundant finance availability may have contributed. Greater ordering ‘self-discipline’ has resulted. 
 
A longer article about this topic can be found at:

Next Events

Monday 2 March 2020 - JIM Lecture onboard HQS Wellington

We will be participating in Joint Informal Meeting (J.I.M) lectures onboard HQS Wellington (berthed at Victoria Embankment, near Temple tube) on Monday 2 March 2020 as part of charitable maritime education.

Details to follow shortly.

(Image from https://hirespace.com, 26 November 2019)

Thursday 30 January 2020 - Welcome to 2020 / Opportunity to Network

Your London and South East Branch would like to welcome you to the first event of 2020, a great opportunity to socialise and meet people from this amazing industry of ours, the last event attracted over 100 persons from within the industry both students and colleagues.

The venue will be ground floor of "The Liberty Bounds Pub", 15 Trinity Square, London, EC3N 4AA. We start from 18:00 hours on Thursday 30th January 2020

In order to ensure we have sufficient staff to cope it is important if you would please confirm your attendance to Mike Harrison FICS at This email address is being protected from spambots. You need JavaScript enabled to view it.x.com or +44 (0) 7785 372217

Lets make it a great night, it is your branch, please join us.

See the source image
 (Image from https://rightquotes4all.com, 7 January 2020)