Study Guide

Objective

The aim of the course is to provide the student an overview of maritime and shipping industries and to develop student’s understanding on shipping markets, economics of shipping and the shipping industry.

After completing the course, the student will:
- Understand the role and significance of maritime transport as part of the international economy

- Understand the role and interaction of different stakeholders in the shipping industry.

- Understand the logic of key shipping markets such as liner shipping and tramp shipping

- Understand the revenue models in shipping and how to utilize them in decision making from the perspective of different stakeholders

Content

- An overview of the maritime and shipping related industries
- Shipping in a global economy
- Stakeholders in the shipping industry
- Different shipping markets (liner, tramp, etc)
- Revenue models

Location and time

19.-20.9.2024, (Thursday 9-16, Friday 9-14)
7.-8.11.2024, (Thursday 9-16, Friday 9-14)
Aboa Mare, Auriga, Seminar hall SOYA

Materials

Lectures and articles provided by the lecturer, Stopford: Maritime Economics 2009.

Teaching methods

Lectures and assignments

Exam schedules

No exam. Course is graded based on MOODLE assignments and presentation during contact days.

Completion alternatives

NA

Student workload

The size of the course is 5credits or 135 hours of work, of which lectures/seminars are 24 hours. The course consists of 4 lecture/seminar days, and individual work in in MOODLE as well as written assignments, which are presented during the lecture days . The lectures function as introduction to the given topic, after which the students are expected to deepen their understanding through Course book and scientific articles provided by the lecturer. The students prepare and referee an article analysis on specially assigned maritime economics articlee from IAME articles (10 hours) 3 multiple choice assignments on the basis of given materials. Each of the assignment consists of 5 hours of work including the test which is made on MOODLE platform.

Content scheduling

19.9. Regulation of Maritime industry
20.9. Ways of structuring shipping, pooling arrangements etc.
7.11. Chartering etc. Students presentations of their own organizations
8.11. Financing of the shipping sector, and contemporary issues of the shipping market, Students presentation of IAME article

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Reports and/or assignments handed in according to timelines and if required orally presented. The materials at an approvable level of quality. Student's activity at an acceptable level.

Assessment criteria, good (3)

Good work input overall: Reports and/or assignments handed in according to timelines and if required presented. All materials of high quality. Good activity in the class, eg at the discussions and presentations.

Assessment criteria, excellent (5)

Exceptional quality overall: the written Reports and/or assignments, presentations, student activity.

Assessment criteria, approved/failed

A Report / Reports / assignments not handed in or an unacceptable level of quality (including missed DLs) of the reports and/or presentations.

Assessment methods and criteria

The course is evaluated based on assignments in MOODLE (literature quizzes 50%, IAME article 30%, Organisation Presentasion 20 %)

Assessment criteria, satisfactory (1-2)

The student understands the basic concepts introduced during the course, and is able to identify them in a business context. All the course assignments are returned in acceptable condition.

Assessment criteria, good (3-4)

The student demonstrates deeper knowledge on the concepts and phenomena introduced during the course and is able to identify their interdependence in a supply chain context. The student is able to discuss the key concepts of supply chain management together with the supply chain literature. All the course assignments are returned in acceptable condition.

Assessment criteria, excellent (5)

The student demonstrates excellent knowledge of the key concepts and phenomena discussed during the course and is able to analyze their interdependence in a supply chain context. The student is able to reflect and analyze contemporary issues of supply chain management through supply chain literature. All the course assignments are returned in acceptable condition.

Qualifications

No pre-requisites

Objective

The aim of the course is to provide the student an overview of maritime and shipping industries and to develop student’s understanding on shipping markets, economics of shipping and the shipping industry.

After completing the course, the student will:
- Understand the role and significance of maritime transport as part of the international economy

- Understand the role and interaction of different stakeholders in the shipping industry.

- Understand the logic of key shipping markets such as liner shipping and tramp shipping

- Understand the revenue models in shipping and how to utilize them in decision making from the perspective of different stakeholders

Content

- An overview of the maritime and shipping related industries
- Shipping in a global economy
- Stakeholders in the shipping industry
- Different shipping markets (liner, tramp, etc)
- Revenue models

Location and time

21.-22.9.2023, 9-16
9.-10.11.2023, 9-16
Aboa Mare, Auriga

Materials

Lectures and articles provided by the lecturer

Teaching methods

Lectures and home assignments

Exam schedules

No exam. Course is graded based on written assignments.

Student workload

The cource consists of 4 lecture days, and individual work in form of written assignments. The lectures function as introduction to the given topic, after which the students are expected to deepen their understanding through scientific articles provided by the lecturer. The size of the course is 5credits or 135 hours of work, of which lectures are 28 hours. The first written assignment together with the materials is given after the 2nd lecture, the second assignment after the 3rd lecture and the final assignment at the end of the course. The students are given 1 month to return the assignments.

Content scheduling

21.9. The demand side of the shipping market model
22.9. The supply side of the shipping market model
9.11. Monetary flows of the shipping market
10.11. Financing of the shipping sector, and contemporary issues of the shipping market

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Reports and/or assignments handed in according to timelines and if required orally presented. The materials at an approvable level of quality. Student's activity at an acceptable level.

Assessment criteria, good (3)

Good work input overall: Reports and/or assignments handed in according to timelines and if required presented. All materials of high quality. Good activity in the class, eg at the discussions and presentations.

Assessment criteria, excellent (5)

Exceptional quality overall: the written Reports and/or assignments, presentations, student activity.

Assessment criteria, approved/failed

A Report / Reports / assignments not handed in or an unacceptable level of quality (including missed DLs) of the reports and/or presentations.

Assessment methods and criteria

The course is evaluated based on three written assignments, of which assignments 1 and 2 account for 25%+25% of the grade, and the third assignment 50% of the grade. The evaluation criteria of the assigments are following:

Understanding and presentation of the topic of the assignment
Demonstrated understanding and use of the provided literature
Discussion of the given topic in relation to the course contents and provided literature

Assessment criteria, satisfactory (1-2)

The student understands the basic concepts introduced during the course, and is able to identify them in a business context. All the course assignments are returned in acceptable condition.

Assessment criteria, good (3-4)

The student demonstrates deeper knowledge on the concepts and phenomena introduced during the course and is able to identify their interdependence in a supply chain context. The student is able to discuss the key concepts of supply chain management together with the supply chain literature. All the course assignments are returned in acceptable condition.

Assessment criteria, excellent (5)

The student demonstrates excellent knowledge of the key concepts and phenomena discussed during the course and is able to analyze their interdependence in a supply chain context. The student is able to reflect and analyze contemporary issues of supply chain management through supply chain literature. All the course assignments are returned in acceptable condition.

Qualifications

No pre-requisites