SHIPPING: WISTA Cyprus members briefed on energy economics

WISTA Cyprus, the networking organisation for women at management level in the maritime industry, recently organised a training course for its members on “Energy Economics and Shipping”, hosting Professor Michael Tamvakis from Cass Business School, City University in London.

Professor Tamvakis presented, over a full day, topics related to the energy industry, starting from fundamentals and building onto the particulars of upstream, midstream and downstream sectors. The training touched upon the growing importance of natural gas, the economics and export routes surrounding recent gas discoveries in the Eastern Mediterranean.
Prof Tamvakis explored particular commodity trading patterns, energy commodities’ pricing, the role and different forms of shipping, as well as risk management tools and various derivatives. The session was rounded up with a presentation on the growing sector of renewable energy sources. Interest was attracted from the shipping industry considering some vessels are deployed to support offshore wind farm developments.