Institute of Chartered Shipbrokers
London & South East Branch

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Help fellow ICS Students

Please help underprivileged ICS students in East Africa by donating your old ICS textbooks or any other shipping related academic textbooks. These students are struggling to buy reading material and would very much appreciate your help.

If you have any spare old shipping books, which you have no use for, please kindly bring/post them to the ICS Head Office at: Institute of Chartered Shipbrokers, 30 Park Street, London SE1 9EQ, United Kingdom. Contact details: +44 (0)20 7357 9722.

Our thanks to you!

2017 MAY ICS EXAMS PRIZE WINNERS

 

Well done to every London Student who passed their exams.
We are delighted to offer our Congratulations to those who have won prizes, and also to those who have completed their Foundation Diploma or their Advanced Diploma or their PQE.

Prize winner 2017:
William Packard Memorial Award
Hannah Kimani-Blanco
Armac Award
Michael Archibald
Denholm Wilhelmsen Award
Melodie Dewitte
Shell Int'l Trading and Shipping Award
Joseph Foy
SPNL Award
Alexandros Papanagiotou
E A Gibson Shipbrokers Award
Melodie Dewitte
Braemar ACM Shipbroking Award
Piers Dunhill-Turner
Cory Brothers Award
Robert Millatt
Port of London Authority Award
Ali Gokal
Shipbrokers' Register Award
Robert Millatt
Tutorship Pieter van Gelder Award
Piers Dunhill-Turner


Advanced Diploma
Tom Bassett                      Tanker Chartering
Maria Kaperoni                 Ship Sale and Purchase
Vasileios Katsoulas           Dry Cargo Chartering
Thomas Kealy                    Shipping Finance
Hannah Kimani-Blanco    Ship Operations and Management with DISTINCTION
Thomas Nash                     Ship Sale and Purchase
Simone Piredda                 Port Agency
Eleftheria Stampoulidou  Ship Sale and Purchase
Styliani Terezaki                 Ship Operations and Management


Foundation Diploma
Melodie Dewitte              Ship Operations and Management with DISTINCTION
Joseph Dicastiglione       Dry Cargo Chartering
Joseph Foy                       Tanker Chartering
Donika Paskova              Ship Operations and Management
Nicholas Pugh                 Tanker Chartering
Simon Walsh                   Dry Cargo Chartering

Professional Qualifying Exams Completed
Joseph Ackland
Aimran Amir
Giuseppe Azzarelli
Cvetan Belchev
Alessandro Bollorino
Edward Cook
Rani Ousta
Jessica Pyatt
Douglas Rickman
Panos Roussos
Konstantina Vagena
Simon Walsh
Luke Winter

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Nov 2016 Exam Results

It is with great delight and pleasure that we congratulate all students who have passed their November exams.

If this means that you have completed your Professional Qualifying Examinations (PQE), I would remind you to send in your completed application form soon, preferably before the next deadline of 28 Feb 2017, so that you can become a Member of the Institute. We especially congratulate Michael Archibald (Port Agency) and Jessica Pyatt (Legal Principles in Shipping Business) who achieved Distinction in these two subjects. Evidence shows that those students who attended the London Branch Revision evening in October 2016, as Jessica and Michael did, overall achieved higher marks than those who did not attend. 
 
Our next Revision Evening will take place on 12th April 2017 at Norton Rose Fulbright LLP, 3 More London Riverside, London SE1 2AQ.

Alternatively, there is Spring Prep. This is the Institute's residential revision course providing lectures, interactive sessions and mock exams tailored specifically towards preparing students for the Institute's exams. It takes place at Warwick University on 6th-9th April.

Chris Hibbert FICS
Education Officer
London & South East Branch

Institute members hear about China’s Belt and Road Initiative

 

Earlier this year members of the London & South East and East Anglia branches and head office staff attended a London conference focusing on China’s Belt and Road Initiative. The conference was organised by the Hong Kong Trade Development Council. Later, last month, a seminar on the same topic was organised by Clarksons Platou, supported by the 48 Group Club and China Shipping Association of London. Institute members were present at that event also.

  image one road_belt.jpg

 Although often still referred to as One Belt, One Road, China’s name preference for the grand scheme introduced over three years ago is now the Belt and Road Initiative. As is well known, there are two components - the Silk Road Economic Belt of land routes, and 21st Century Maritime Silk Road of sea routes - linking China with Asian, Middle East, African and European countries.

The Initiative is widely seen as likely to boost global shipping, but estimating the impact more precisely is proving difficult. Possible consequences from a few completed port and other projects are becoming clearer. Not all of these are positive. For example, crude oil movements just starting, through a new pipeline from Kyaukphyu port in Myanmar to Kunming, shorten the Middle East to China tanker voyage distance, cutting tonne-miles and tanker demand in this trade.

A more encouraging aspect is the potential for BRI infrastructure investments to enhance trade links and strengthen economic activity in the host countries. Improved transport facilities, road and rail as well as ports, giving better access to foreign markets (connectivity), along with other infrastructure such as power supplies, could result in faster economic growth. Additional seaborne trade could result.

Some commentators view the huge scheme, involving over 60 countries, as mainly benefiting the organisers, China. Chinese construction and manufacturing companies, together with operational management and finance, are prominent participants. Other advantages for China include enhanced energy security. But benefits for partner countries are also evident and, consequently, the Chinese government emphasises the ‘win-win’ nature of the arrangement.

For the global shipping industry, extra raw materials trade volumes may result from manufacturing associated with BRI infrastructure projects. Additional manufactured goods movements could occur in a variety of ways, both container and non-containerised. Currently it is only possible to generalise about these aspects, because many details of the exact locations of individual projects, as well as the overall magnitude and timing of various phases in the long term BRI, are not yet clear.

 by Richard Scott FICS, London & South East Branch Committee, 5 June 2017

Impressive growth in China’s seaborne trade

Impressive growth in China’s seaborne trade

by Richard Scott FICS, London & South East Branch Committee, 5 April 2018

Recent statistics again emphasised just how much China’s seaborne trade contributes to the global shipping industry’s well-being. This contribution can be seen especially vividly as a proportion of world imports. 

Last year imports of all seaborne cargoes into China increased briskly by 8%, following a similar 7% rise in the previous year. The total for 2017 was 2,400 million tonnes according to figures compiled by Clarksons Research, comprising over one-fifth of world seaborne imports.

The latest annual growth rate and proportion of world trade are impressive, but even more remarkable is the expansion over the past decade in both of these aspects. During that period, from 2007 to 2017, China’s imports rose by 163% from an already large volume.

Among the three main cargo categories, dry bulk commodity imports were the star performer, almost tripling over the past ten years (up by 191%). Imports of goods normally transported in containers were the second strongest performer, up by 143%, while oil cargoes saw 129% growth. The remaining category of other cargo imports also expanded robustly. 

These remarkable growth rates were not matched by increases elsewhere, among other key economies generating large demand for imports. Included in that group are Europe, USA, Japan, and other Asian countries. 

So China became ever more influential on the global stage. As a proportion of global seaborne cargo imports, China’s share had already risen from about 5% in the early 2000s to 11% of the total in 2007. Since then the further remarkable upwards trend has taken China to 21% of world imports in 2017.

Many forecasters expect the trend to continue in the years ahead, although not necessarily as strongly. But as always there are many uncertainties, not least about how quickly the Chinese economy will progress as it transitions from a manufacturing and export led emphasis towards more services and domestic consumer spending.

As this piece is being written, there is the added imponderable of the trade dispute between China and the USA which could have a large impact if it remains unresolved.

Open Day at The Baltic Exchange

At the beginning of February a team from the Institute’s head office, together with a member of the London & South East Branch Committee, were present at the London ‘Open Day’, held at the Baltic Exchange.

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New BIMCO market analyses published

2017 analysis graph 2

by Richard Scott FICS, London & South East Branch Committee, 5 February 2017

At the end of January, BIMCO published its latest quarterly freight market analysis updates. These analyses cover the three main shipping markets – tankers, bulk carriers and container ships. The reports can be downloaded for free on the links below...

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ICS Prize-Giving

2017 ICS Awards
Image courtesy of www.ics.org.uk

On 21 October 2016, ICS London Branch committee were delighted to attend the ICS prize giving ceremony hosted at Mansion House. This year's ceremony was of particular significance, as the venue is the official residence of the Lord Mayor of London - Jeffrey Mountevans, who has been a career shipbroker for Clarksons.

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