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Course Level
Introduction
Delivery Method
Live Instructor-Led Virtual Course
Professional Development Credit Hours
12
Pre-requisites
There is no pre-requisite for this course.

“The course was very useful and it tackled appropriate topics related to the LNG industry.  It was good having a range of experiences from the speakers and delegates.” - S.A., Nakilat


Faculty

Captain Bhatia is a well-known maritime transportation industry expert with over 30 years of operational and commercial experience including organizational turnaround, business strategy, operational risk management, claims, legal & regulatory. He has in-depth technical, commercial and operational management expertise gained by serving at sea for 15 years and later on ashore in commercial operations and management consulting field. He is the founding partner of The Wade Maritime Group, a leading maritime business consulting group based out of Singapore with group offices in India and the UK. He has over the past decade worked on numerous projects in operational risk management, business strategy, organizational design, human capital management, strategic investment advice, claims management and regulatory compliance for leading ship owners, charterers, Oil & Bulk majors, Ports and PE firms. He is a specialist in commercial operations, maritime economics, transportation strategies, operational risk management, claims management and dispute resolution. Keynote speaker on various advanced training programmes and seminars in the maritime industry.

Charles Lawrie is a founding partner, and now CEO, of Richardson Lawrie AssociatesLtd, an independent firm of international maritime economists and business consultants established in 1987 and now a part of the Wade Maritime Group based in London, Singapore and India. He is responsible for the firm's consulting and retainer services in the crude oil, petroleum products and gas transportation sectors. He has spent over 45 years in the oil and shipping sectors, more than 35 of which have been as project manager or senior consultant on shipping, economics, investment appraisals, feasibility studies, transportation strategies and business studies within Europe, the Americas and the Far East. He is a specialist in the development of: investment appraisals, business plans, strategy reviews; commercial/contractual advice, project implementation; evaluation of the transportation economics of varying routes, ports and cargo handling techniques; commodity trade flow analyses and forecasts; modelling and forecasts of short, medium and long term shipping traffic, shipping demand and shipping supply; and modelling and forecasts of shipping charter rates and vessel costs.


Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org


CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

A Practical Approach to LNG Shipping (VIRTUAL) – TDLNGV


Course Schedule

Date Time Location Price* Registration Deadline**
10-12 Mar 2025
Register
8:00-11:00 (London) / 4:00pm-7:00pm (Singapore)
Zoom: Europe to Asia-Pacific
USD 2,275 (TDLNGV-VILTAP25-03)
23 Jan 2025

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.


Course Summary

LNG transportation accounts for 10% to 30% of total LNG supply chain costs from upstream gas production through to terminalling and regasification on the import side. It is central, both figuratively and physically, to the LNG supply chain and the safe, efficient execution of LNG supply contracts.

After many years in which LNG trade and shipping have been supply driven, and the proportion of spot and short term deals have been rising, we are currently in a period where gas supply is tight and the LNG sector is being driven by demand. Spot LNG prices this winter in Europe have been particularly high, to the extent that some buyers are now looking again at longer term deals in the search of some stability. In the meantime, these various factors have contributed to increasing volatility in the short term LNG freight markets.

Many see LNG as an important part of the path towards net zero carbon emissions. LNG is currently the front runner in the adoption of alternative fuels for bunkering ships. As a substitute in power generation for the use of coal and oil, natural gas offers distinct advantages in lowering carbon emissions. On the supply side increases in future supplies of LNG from N America and Qatar, in particular, will ensure that trade continues to grow this decade. 

New players continue to enter the LNG shipping business and the LNG industry is increasingly looking for more flexible shipping arrangements. Larger ships, innovative ship designs, new containment and propulsion systems have been developed while safety and environmental factors remain foremost considerations in the construction and operation of these vessels.

This a virtual, intensive course run over four days and presented in association with Richardson Lawrie Associates Ltd. It is designed to take participants through all of the commercial, technical, operating, legislative and legal issues affecting the shipment of LNG from export to import terminal. This is accomplished through a combination of presentations and exercises under the direction of expert speakers with extensive experience of the LNG industry and shipping. The aim is to give participants the ability to assess opportunities and manage operational and commercial risks in LNG shipping.

 

What You Will Learn

  • The key drivers for LNG shipping
  • The development of the LNG carrier fleet, the outlook for the market and key players
  • Vessel operating costs and the determination of freight rates
  • Choices over the design of LNG carriers
  • Calculating vessel requirements
  • Shipping contracts, charter parties and the marine terms in sale and purchase agreements
  • Factors relating to the ship/shore interface
  • An introduction to LNG freight futures

Who Should Attend?

Delegates encouraged to attend include commercial and financial specialists, operators, planners and analysts working in shipping companies. In addition, sales, marketing and commercial personnel from LNG producers, suppliers and importers will all benefit. For example, national producer companies, international oil and gas companies, utilities and industrial gas consumers are encouraged to attend. Port authorities and terminal operators, individuals and companies new to the LNG sector, bankers and lawyers advising on LNG and LNG shipping, terminal and supply projects, and regulators and government organisations having an interest in the LNG sector will find the course valuable.


Course Content

LNG Consumption, Production and Pricing Trends - The Drivers for Shipping

  • LNG market fundamentals
  • Potential consumption growth trends by region
  • Sources of supply
  • LNG projects
  • LNG Pricing

LNG Vessels and the Market

  • Ship characteristics
  • Vessel types
  • Growth and future development of the world LNG carrier fleet
  • Demand and supply for LNG carriers
  • Short and long term charter rates
  • Key players - shippers and ship owners

LNG Ship Design and Technical Considerations

  • Including the calculation of shipping requirements

LNG Ship Operating Costs

  • Ship prices and capital costs
  • Fixed operating costs (manning, repairs and maintenance, insurance)
  • Voyage costs

The Evaluation of Shipping Economics and Calculation of Freight Costs

  • Optimisation of Freight Costs
  • An Exercise in Calculating LNG Freight Costs

LNG Shipping Contracts

  • Types of shipping contract
  • Key commercial terms
  • Key technical issues
  • Contract management

LNG Charter Parties and Shipping Terms in Sales Agreements

Marine Terminal and Cargo Operations

Custody Transfer

LNG as a Bunker Fuel

An Introduction to LNG Freight Futures

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