Naval Project Financing Course
Online course of 300 hours in ship project finance: 6 modules covering the economics of ship projects, financial evaluation of investments, financing instruments, contracts and security, sustainability and financial regulation, and a ship finance project, with an assigned technical tutor.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Understand the economics and risks of ship projects.
Evaluate ship investments using financial tools.
Know the financing instruments available in the maritime sector.
Analyse shipbuilding contracts and financial security.
Apply sustainability criteria such as the Poseidon Principles.
Assess state aid and tax regimes in the sector.
Structure the financing of a complete ship project.
Who it's for
- Ship finance analysts.
- Maritime banking managers.
- Shipping company CFOs.
- Maritime investment consultants.
- Credit risk analysts.
- Shipyard advisers.
- Engineering or science graduates looking to move into maritime banking.
What you'll work with
- Poseidon Principles (climate alignment framework for ship finance)
- Regulation (EU) 2020/852 (EU Taxonomy for sustainable activities)
- OECD Sector Understanding on Export Credits for Ships (export credit terms for ships)
- Spanish Law 14/2014 on Maritime Navigation (Spanish maritime navigation act)
- Spanish Law 27/2014 on Corporate Income Tax (including the tonnage tax regime)
- Regulation (EU) 651/2014 (General Block Exemption Regulation for state aid)
- BIMCO NEWBUILDCON form (standard shipbuilding contract)
- Microsoft Excel
- Bloomberg Terminal
- Clarksons Shipping Intelligence Network
- @RISK
6 modules · 300 h
1.1Shipping market cycles1.2Newbuilding and second-hand prices1.3Freight revenue and contract types1.4Operating costs (OPEX)1.5Capital costs (CAPEX)1.6Residual value and scrapping1.7Market and interest rate risks1.8Shipyards and construction lead times1.9Players in the ship finance market1.10Case study: bulk carrier market analysis
2.1Project cash flows2.2NPV, IRR and payback period2.3Weighted average cost of capital2.4Sensitivity analysis2.5Monte Carlo simulation of freight rates2.6Decarbonisation scenarios2.7Real options valuation2.8Comparing vessel alternatives2.9Spreadsheet financial models2.10Workshop: financial model of a ship
3.1Bank loans secured by ship mortgage3.2Pre-delivery financing3.3Shipyard refund guarantees3.4Export credits3.5Finance leases and sale and leaseback3.6Bonds and capital markets3.7Private equity and funds3.8Green and sustainability-linked finance3.9The Spanish tax lease3.10Practical exercise: financing structure for a ferry
4.1Shipbuilding contract4.2BIMCO and SAJ forms4.3Payment milestones4.4Ship mortgage and registration4.5Assignment of insurances and earnings4.6Financial covenants and ratios4.7Minimum value clauses4.8Events of default4.9Ship debt restructurings4.10Case study: default and mortgage enforcement
5.1The Poseidon Principles5.2The EU Taxonomy5.3Climate alignment indicators5.4Stranded asset risk5.5Green bonds in the maritime sector5.6Basel and capital requirements5.7State aid and European funds5.8Tonnage tax regime5.9ESG reporting for lenders5.10Lab: climate alignment of a ship portfolio
6.1Project description6.2Market analysis6.3Financial model of the ship6.4Financing structure6.5Security and contracts6.6Risk analysis6.7ESG criteria for the project6.8Presentation to the credit committee6.9Report and presentation6.10Final project: final review with the tutor
How you'll learn
The course is taught 100% online on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, so you can combine it with your job.
Each module combines theory, guided reading of the original regulations and applied exercises. The working software is Microsoft Excel, Bloomberg Terminal, Clarksons Shipping Intelligence Network and @RISK, in free, academic or evaluation versions. Exercises are based on real procedures: building a financial model of a ship, structuring the financing of a newbuilding and assessing the climate alignment of a portfolio. Assessment is continuous by module, plus the final project.
Standards covered: Poseidon Principles, Regulation (EU) 2020/852, OECD Sector Understanding on Export Credits for Ships, Spanish Law 14/2014 on Maritime Navigation, Spanish Law 27/2014 on Corporate Income Tax, Regulation (EU) 651/2014, BIMCO NEWBUILDCON form.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- No prior qualification is required.
- An internet connection and a computer capable of running the programme software.
- English sufficient to read technical standards.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 300 hours over 3 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Microsoft Excel, Bloomberg Terminal, Clarksons Shipping Intelligence Network and @RISK, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute certificate, awarded on passing the continuous assessment and the final project. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed are recognised in a higher programme in the same area (postgraduate diploma or master's). Ask about the recognition policy when you enrol.
No prior qualification is required; you need a computer able to run the programme software and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
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