by Richard Scott FICS, member of London & South East Branch Committee, 16 June 2020
Detailed up-to-date shipping market analyses are not usually available free of charge. One of the few exceptions is the Shipping Market Review published periodically by Danish Ship Finance. The May 2020 edition became available on 9 June. It may prove valuable for Institute members and students.
This latest edition is especially timely, amid a need for an updated commentary reflecting the coronavirus pandemic unfolding, and with the approach to our Institute’s exams. Answers to exam questions often benefit from knowledge and understanding of current market trends, showing awareness of prominent recent events.
Numerous chapters of the DSF Review merit attention. There is a General Review and Outlook, consisting of a broad perspective on recent events, the global economy and supply chains, outlook for economic activity and seaborne trade, and long-term value creation in shipping.
Other separate chapters focus on the main market sectors: shipbuilding, container ships, bulk carriers, crude tankers, product tankers, LPG carriers, and LNG carriers. There is also a brief update on offshore oil market activity.
The report observes, looking at the broad global picture, that “the shipping industry is facing a difficult year with high fleet growth and shrinking demand...however, the industry seems well positioned to recover further ahead”. Many of us in the Institute will be hoping that this view of longer-term prospects proves correct.
Our Revision Evening scheduled for Monday 20th April 2020 has been postponed to a later date but London and South East branch members are available to assist branch students with any queries or questions relating to subjects covered in the syllabus. Send your questions to This email address is being protected from spambots. You need JavaScript enabled to view it..
International Transport Intermediaries Club, 31 March 2020
Please click the link to view ITIC's Claims Review Newsletter, April 2020 issue.
Below is a Guide to Port Agents on Issues with Receiving Original Bills of Lading by ITIC:
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London & South East Branch Committee, February 2020
Our social and networking events are an important and popular feature of the Branch calendar. They ensure that Members and Fellows and guests from the shipping community can meet and chat. The Branch thereby makes full use of London as a shipping centre and we also hold events annually in Southampton in March.
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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.
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by Richard Scott FICS, member of London & South East Branch Committee, 20 May 2020
When something is no longer available in the same way as it is normally, its value tends to become more obvious than it was previously. And so it is with networking, the benefits of which are many and varied. This activity can be shown to fulfil very useful purposes, at the same time as being thoroughly enjoyable, with potential for valuable outcomes.
Such thoughts have arisen during the enforced semi-isolated existence most people in the UK have endured, while the pandemic lockdown period unfolded. This restricted lifestyle is extending into the greatly limited ‘opening up’ phase. Networking is not on the agenda for the weeks ahead.
Opportunities for networking at our London & South East Branch events – frequent seminars and social/networking evenings – often have rewarding consequences.
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by Richard Scott FICS, member of London & South East Branch Committee, April 2020
In the first quarter of this year, a number of newbuilding ore carriers were delivered to owners in South Korea and China. These were among a total of 20 in the Guaibamax 325,000 deadweight tonnes class scheduled for delivery during 2020. Some may be delayed if the coronavirus pandemic has disrupted shipbuilders’ construction programmes.
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The Institute of Chartered Shipbrokers, March 2020
The Institute has delayed the May exams until July, details as follows:
The delayed May examination session will be two weeks from 6th July as below:
6th July 2020
09:30 - 12:30 Logistics & Multi-Modal Transport
13:30 - 16:30 Liner Trades
7th July 2020
09:30 - 12:30 Introduction to Shipping
13:30 - 16:30 Shipping Business
8th July 2020
09:30 - 12:30 Economics of Sea Transport & International Trade
13:30 - 16:30 Dry Cargo Chartering
9th July 2020
09:30 - 12:30 Ship Sale & Purchase
13:30 - 16:30 Legal Principles of Shipping Business
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London & South East Branch Committee, February 2020
The London & South East Branch has a range of exciting events for both students and members throughout the year. The main events are social and networking, as well as several education events to support students preparing for PQE exams and professional development for members.
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by Richard Scott FICS, member of London & South East Branch Committee, 7 February 2019
In late January 2019 the UK Department for Transport published a comprehensive 336-page report entitled Maritime 2050 – Navigating the Future. This report is based on a study initiated by the government twelve months earlier. It looks at how the UK’s multi-faceted maritime activities - including shipping, ports, services, engineering and leisure marine industries - have been developing, and what action is needed to make progress over the next three decades.
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