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The presentation will cover:
-Introduction of Graig, who we are, what we do (this builds credibility)
-Shipping slumps in the past (time lines, reasons, etc.)
-Current market conditions (reasons, time lines, number of vessels involved)
-Future predictions for shipping markets (time lines, new builds)
-Who is affected (sectors of the industry)
-Congested anchorages, e.g. Singapore, dangers and economic/political implications
-Options available for those affected (do nothing, continue to trade, sell assets, scrap vessels, Layup),
-Various types of Lay up (hot, warm, Cold)
-Implications of individual lay-up options
-Cost savings for affected parties (OPEX vs. insurance, class fees, ship managers, spare parts, lubes, chem’s, wear and tear, crew, etc.)
-Cost & tragedies of getting it wrong
-Choice of lay up site (factors to take into account, wind, shelter, mooring systems, sea bed, water depth, access, location to trade routes, airport, etc.)
-What Owners can expect from their Lay up consultant (and not expect)
-Flag State involvement,
-Class society involvement (ship in lay up cert, deferred class inspections)
-What is the cost (general expected consultancy fees)
What you will learn:
Following the meeting, attendees (Owners, charterers, etc.) who control movements and operation of ships will be in a position to make considered judgements as to which sites are best suited for their purposes, what type of strategy and or lay up is most appropriate for their need.
About the speaker:
Geoff Hutcheon has been in the shipping industry all of his working life (43 years), initially as an apprentice in a British Ship Repair Yard, then as a Sea Going Engineer/Chief Engineer before moving into shore side employment as Technical Superintendent. In January 2000, Geoff Joined Graig Shipping as Project Manager for new building programmes in China and later Vietnam, then in March 2009 was tasked with opening a new office for Graig in Singapore.
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