Master program · Risk, Controls & Surveillance

Move the cargo. Optimise the voyage. Prove the economics.

Master LNG shipping economics end to end: vessel technology for commercial professionals, chartering and freight, boil-off and heel, speed and route optimisation, demurrage, canal routing, and the DES versus FOB optionality that decides where a cargo goes.

Vessel economics · Boil-off & heel · Speed optimisation · Demurrage · Canal routing · DES/FOB optionality

Enquire about this programme See the 130 chapters

130 chapters · 11 modules · Python + SQL labs · one continuous case · end-to-end capstone

How it is built

Cumulative, not modular

Chapter 130 should be impossible to complete properly without the artefacts built in the chapters before it. The programme follows one continuous fictional firm, NorthStar Energy Trading, so relationships between trades, positions, agreements, exposures and decisions accumulate rather than reset.

The learning chain

Supply → Nomination → Vessel → Charter → Loading → Voyage → Boil-off → Discharge → Destination netback → Cargo P&L

The technical build

Vessel model → Voyage calculator → Boil-off model → Speed optimiser → Route/canal comparison → Demurrage engine → Netback comparison → Cargo economics platform

NorthStar Energy Trading is a fictional firm created for teaching. It does not describe any real company, person or investigation.

Curriculum

11 modules · 130 chapters

M0 LNG Shipping Desk Primer Ch 1–8 · 8 chapters

Establish the complete commercial shipping lifecycle

  1. What an LNG Shipping & Portfolio Desk Actually Does
  2. LNG Value Chain from Feedgas to Regasification
  3. Cargo, Vessel and Destination as One Economic Decision
  4. FOB vs DES Commercial Architecture
  5. Anatomy of an LNG Voyage
  6. LNG Shipping P&L Fundamentals
  7. Shipping Desk Roles and Control Functions
  8. NorthStar LNG Shipping Operating Model
M1 LNG Vessel Technology for Commercial Professionals Ch 9–20 · 12 chapters

Understand the machinery that changes economics

  1. LNG Carrier Anatomy
  2. LNG Containment Systems
  3. Vessel Capacity and Usable Cargo
  4. LNG Density and Cargo Quantity
  5. Steam Turbine LNG Carriers
  6. Dual-Fuel Diesel Electric Vessels
  7. ME-GI and Modern Two-Stroke Propulsion
  8. X-DF and Alternative Modern Propulsion
  9. Reliquefaction Systems
  10. Vessel Age and Efficiency
  11. Terminal and Vessel Compatibility
  12. NorthStar Fleet Economics Master
M2 LNG Chartering & Freight Economics Ch 21–34 · 14 chapters

Understand how vessels are commercially secured

  1. LNG Chartering Market Structure
  2. Spot Chartering
  3. Time Charter Economics
  4. Voyage Charter Concepts in LNG
  5. Charter Hire Calculation
  6. Ballast Economics
  7. Laden Voyage Economics
  8. Positioning and Repositioning
  9. Spot vs Time-Charter Decision
  10. Charter Optionality
  11. Vessel Availability Curves
  12. Freight Rate Drivers
  13. Freight Benchmarking
  14. Building the NorthStar Chartering Engine
M3 Voyage Cost & Delivered LNG Economics Ch 35–48 · 14 chapters

Turn a vessel movement into economic value

  1. Voyage Distance
  2. Sailing-Time Calculation
  3. Bunker and Fuel Economics
  4. Port Costs
  5. Canal Costs
  6. Loading and Discharge Time
  7. Voyage Cost Waterfall
  8. Freight Cost per MMBtu
  9. Delivered LNG Cost
  10. Destination Netback
  11. Voyage Contribution Margin
  12. Voyage P&L Attribution
  13. Voyage Sensitivity Analysis
  14. NorthStar Voyage Economics Engine
M4 Boil-Off Gas, Heel & Cargo Management Ch 49–60 · 12 chapters

Model the LNG that disappears, remains or becomes fuel

  1. Why LNG Boils Off
  2. Boil-Off Rate
  3. Ballast BOG Economics
  4. Laden BOG Economics
  5. Heel Fundamentals
  6. Heel Optimization
  7. Cool-Down Economics
  8. BOG as Fuel
  9. Forced BOG and Excess Gas Management
  10. Reliquefaction Economics
  11. Delivered Quantity Reconciliation
  12. NorthStar BOG & Heel Optimization Engine
M5 Speed & Route Optimization Ch 61–74 · 14 chapters

Optimize time, fuel, cargo loss and route

  1. Speed–Fuel Relationship
  2. Speed–BOG Relationship
  3. Speed–Hire Relationship
  4. Economic Optimal Speed
  5. Delivery Windows
  6. Early Arrival Economics
  7. Late Arrival Economics
  8. Suez Route Economics
  9. Panama Route Economics
  10. Cape of Good Hope Alternative
  11. Canal Congestion
  12. Security and Route Risk
  13. Multi-Route Optimization
  14. NorthStar Speed & Route Optimizer
M6 DES, FOB & Destination Optionality Ch 75–88 · 14 chapters

Turn shipping flexibility into trading value

  1. FOB Cargo Economics
  2. DES Cargo Economics
  3. Destination Flexibility
  4. Atlantic vs Pacific Arbitrage
  5. TTF–JKM Spread and Shipping
  6. US Gulf FOB Optionality
  7. Cargo Diversion Decision
  8. Diversion After Canal Passage
  9. Reload and Transshipment Economics
  10. Cargo Swaps
  11. Portfolio Cargo Optimization
  12. Opportunity Cost of Vessel Commitment
  13. Optionality Value Attribution
  14. NorthStar LNG Portfolio Optimizer
M7 Port Operations, Laytime & Demurrage Ch 89–100 · 12 chapters

Model what happens when the voyage does not go to plan

  1. LNG Terminal Operations for Commercial Teams
  2. Berth Window Management
  3. Notice of Readiness
  4. Laytime Fundamentals
  5. Demurrage Fundamentals
  6. Loading Delay Economics
  7. Discharge Delay Economics
  8. Weather Delays
  9. Demurrage Claims
  10. Delay Propagation Across Voyages
  11. Port Performance Analytics
  12. NorthStar Demurrage & Delay Engine
M8 LNG Shipping Risk, Hedging & Stress Ch 101–112 · 12 chapters

Connect shipping decisions to risk management

  1. LNG Shipping Risk Taxonomy
  2. Freight Price Risk
  3. LNG Price Risk During Voyage
  4. Bunker and Fuel Price Risk
  5. FX Risk
  6. Basis Risk
  7. Delay Risk
  8. Canal Closure Stress
  9. Vessel Failure Stress
  10. Destination Price Collapse
  11. Integrated LNG Shipping VaR/Scenario Thinking
  12. NorthStar LNG Shipping Stress Book
M9 LNG Shipping Data, ETRM & Optimization Technology Ch 113–120 · 8 chapters

Turn commercial methodology into a system

  1. LNG Shipping Data Model
  2. Cargo Master
  3. Vessel and Charter Master
  4. Voyage Event Model
  5. AIS and Vessel Tracking Integration
  6. LNG Shipping in ETRM
  7. Optimization Service Architecture
  8. Building the NorthStar LNG Shipping Platform
M10 NorthStar LNG Portfolio Crisis Capstone Ch 121–130 · 10 chapters

Run the desk under realistic uncertainty

  1. Capstone Briefing
  2. Validate Cargo and Vessel Commitments
  3. Build the Base Voyage Plan
  4. JKM–TTF Arbitrage Opens
  5. Panama Availability Changes
  6. Vessel Technical Constraint Emerges
  7. European Terminal Delay
  8. Reoptimize the Entire Portfolio
  9. Final Voyage & Portfolio P&L Explain
  10. LNG Portfolio Committee Defence
How it is delivered

Three ways to take LNG Shipping Economics & Voyage Optimization

Self-paced is a document-and-media programme with lifetime access - no live sessions. Cohort and enterprise add live instructor-led training. Mentorship is not offered in any tier.
Feature Self-paced Cohort Enterprise
Format Written chapters, video explainers and podcasts Everything in self-paced, plus scheduled live sessions Everything in cohort, delivered privately to your team
Live sessions None Scheduled, instructor-led Scheduled, instructor-led, private
Mentorship Not offered Not offered Not offered
Access Lifetime Lifetime Lifetime for every enrolled seat
Pace Entirely your own Guided schedule with a peer group Agreed with your desk
Tailoring Fixed curriculum Fixed curriculum Sequenced to your markets, systems and governance
Best for Individuals learning around a job Individuals who want structure and deadlines Desks building the same capability together
For individuals

Get the programme guide

The full chapter list, what each module covers, and how the tiers compare - sent to your inbox as a PDF.

For teams

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Private delivery for your desk, sequenced to your markets and systems. Tell us the team and we will scope it.

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Bring this to your team

Download the full curriculum, or talk to us about running it for a desk or a control function.

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