A post-Christmas calm has descended upon the Campbell household. Decorations packed away, the tree long since recycled and the eldest children have drifted back to University. January in the UK is all about head down and work through the dark mornings and cold weather. The reminders of the North Atlantic winter are never far away if you attempt any sort of outdoor activity, a reminder of the daily challenge to our seafarers at this time of year in this particular region.
Back home my youngest son is showing symptoms of studying! It turns out he has mock exams pending as he approaches his final school year. His studies include law, where I am able to teach him a thing or two as he explores the different methods of dispute resolution. This learning theme extends to the office, where younger colleagues spend several evenings a week at ICS lectures ahead of their institute exams in April.
One of the attractions of our shipbroking, chartering and trading market is the fact that every day is different and you never stop learning. Whether it is the basic fundamentals of ships, cargoes, trades, or chartering, agency, shipping law and economics – there is always something to challenge a new generation of shipping professionals. For those of us slightly greyer of hair the impact of changing legislation often requires an understanding of the potential impact to shipping practices, such as anti-trust legislation or foreign corrupt practice laws. Social changes also impact our market, such as the more recent effects of piracy or Ebola.
You should have received our booklet on upcoming Baltic Exchange training courses for 2015. A series of high level training courses hosted in London, New York and Singapore for shipping, financial and commodity specialists. A focus on hedging and trading strategies, bunker risk management, modelling, shipping market analysis, IPO and debt issuance process and shipping projects. The courses are attended by shipbrokers, chartering managers, operators, FFA traders, bankers, lawyers, analysts and traders. Feedback is always positive and we are very excited with the quality of our lecturers. Well worth consideration.
In November we hosted an event here in London in conjunction with the UK Chamber of Shipping. Approximately 65 members attended a discussion exploring the International Trade and Shipping business’ exposure to the complex sanctions regimes imposed by the USA, the European Union and nationally by the UK government. Our speaker, Daniel Martin (Holman Fenwick Willan) was very well received as he put over the issues in a clear and succinct format.
We continue to explore ways to expand upon the role of training and will be seeking member feedback as we provide a series of ‘hot topic’ briefing papers focusing on the most relevant and recent information that may impact our markets. The first is an update on ballast water treatment regulations. We shall be very grateful to hear from members in the coming months how useful they find these briefings.
In the meantime, for those preparing for their ICS or any other professional exams, the very best of luck.