The capacity to make drastic cost reductions is a new challenge for shipping companies today. This seminar introduces the different means that can be used to cut costs.
After explaining some basics regarding cost accounting the possible cost reduction activities will be developed. How to implement the different options will also be discussed. The seminar will be supported by a case study.

The seminar will be conducted in cooperation with T&O, experts for cost management of shipping companies.
Course objective

To identify the opportunities and measures for both short and mid term cost reduction; to understand how to implement cost potentials.
Emphasis

• Cost structures and influencing factors
• Transparency and targets
• Cost drivers and related opportunities and risks (ship operating, ship management)
• Options for reducing costs
• Implementation management

Target groups

Shipping Companies: Techn. Directors (CTO), managing directors (CEO), HR manager, superintendents, fleet manager, quality manager, commercial manager; Crewing Agency: Crewing manager; Yard: Techn. Directors (CTO), managing directors (CEO), HR manager, design manager, production manager; Financer and Fonds Houses: Managing Directors (CEO), employees

Entrance requirements: Knowledge of cost structures in shipping companies and basic knowledge in cost accounting advantageous, but not needed
Duration: 1 day
Fees: 580,00 Euro (excl. VAT)
Course Category: Advanced

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