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2013/2014  KAN-CM_V88  Developments in International Shipping

English Title
Developments in International Shipping

Course information
Language English
Exam ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Course period Autumn
Changes in course schedule may occur
Monday 13.30-15.10, week 36-50
Time Table Please see course schedule at e-Campus
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • René Taudal Poulsen - Department of Innovation and Organizational Economics (INO)
Main academic disciplines
  • Globalization, International Business, markets and studies
  • Corporate and Business Strategy
  • Economics, macro economics and managerial economics
Last updated on 03-05-2013
Learning objectives
  • Identify drivers of demand and supply in the main shipping markets.
  • Apply theories and models from micro- and macroeconomics to the study of shipping markets.
  • Apply theories from international regulation/governance literature to the study of shipping policies.
  • Analyze developments and emerging issues in global shipping as seen from ship-owning and policy-making perspectives.
  • Critically evaluate new business opportunities in international shipping from a ship-investment perspective.
Examination
Developments in International Shipping:
Examination form Home assignment - written product
Individual or group exam Individual
Size of written product Max. 10 pages
Assignment type Written assignment
Duration 24 hours to prepare
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period December/January and February
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content and structure
The course introduces students to the economics and management of international shipping. The overall aim is to give students knowledge about shipping markets and regulation of shipping and a basis for critically evaluating business opportunities in a highly volatile and international industry.

The course focuses on recent developments and future challenges in shipping markets and presents both ship-owning and policy making perspectives on the subject. Models and theories from micro- and macroeconomics are applied to the study of shipping markets, and theories from international economics and governance literature are applied to the study of maritime policy and regulation.

The course enables students to identify emerging trends in shipping markets and shipping regulation and critically assess new business opportunities accordingly.

COURSE CONTENT

INTRODUCTION
  • Global role of shipping

MARKETS

  • Markets and forecasting
  • Dry  bulk shipping
  • Tanker shipping
  • Container shipping
  • Finance and risk management
REGULATION
 
  • Shipping regulators
  • National shipping policies
  • Maritime labour market
  • Quality shipping

 FUTURE OF SHIPPING
  • Outsourcing and ship management
  • New shipping segments
  • Environmental regulation
  • Green business opportunities
 CLOSING THEMES
  • Wrap up
Teaching methods
The teaching of this course will be based on a variety of learning methods, such as lectures, group and class discussions as well as case studies. Guest lectures by representatives from shipping companies will also be included in the course.
30 hours (2 x 45 minutes class for 15 weeks).
Readings: Approximately 1,000 pages.
Further Information
This course is part of the minor in Maritime Business
Expected literature

Reference book

  • Stopford, M. 2009. Maritime Economics, London: Routledge.

Articles

  • Baird, A.J., 2012. ‘Logistics strategy in container shipping’, Song, D.-W. & P.M. Panayides (eds.), Maritime Logistics: A complete guide to effective shipping and port management, Kogan Page, London and Philadelphia, pp. 125-46.
  • Das, S.S, 2011. ‘To partner or to acquire? A longitudinal study of alliances in the shipping industry’, Maritime Policy and Management, 38 (2), 111-28.
  • Hoffmann, J. and Kumar, S. 2010. ‘Globalisation: the maritime nexus’ in Grammenos, C. (ed.), The Handbook of Maritime Economics, second edition, London: Lloyd’s List, 35-64.
  • Kavussanos, M.G. and S. N. Marcoulis, 2005.’Cross-industry comparisons of stock returns in shipping, transportation and other industries’, Research in Transport Economics, 12 (2), 107-42.
  • Marlow, P. & K. Mitroussi, 2012. ‘Shipping Taxation’, Talley, W. (ed.), The Blackwell Companion to Maritime Economics, pp. 304-20, Blackwell Publishing.
  • Poulsen, R.T., 2012. ‘Emissions and energy efficiency - the twin challenges for shipping’, Mercator. Maritime Innovation, Research and Education, March/June, pp. 447-454.
  • Sletmo, G.K., 2002. ‘The rise and fall of national shipping policies’, C. Grammenos (ed.), The Handbook of Maritime Economics, 471-94, London: Informa.



     
Last updated on 03-05-2013