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2014/2015  KAN-CCMVV1707U  Developments in International Shipping

English Title
Developments in International Shipping

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Course period Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • René Taudal Poulsen - Department of Innovation and Organizational Economics (INO)
Administration: Mie Maahr Hegelund - mmh.ino@cbs.dk
Main academic disciplines
  • Globalization, International Business, markets and studies
  • Corporate and Business Strategy
  • Economics, macro economics and managerial economics
Last updated on 11-04-2014
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:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual
Size of written product Max. 15 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

Changes in course schedule may occur
Fridag 09.50-12.25, week 36-41, 43-47
Expected literature

Reference book

  • Stopford, M. 2009. Maritime Economics, London: Routledge.
  • DeSombre, E.R., 2006. Flagging standards: Globalization and environmental, safety, and labour regulations at sea, Cambridge, MA: MIT Press.

Articles

  • Eide, Magnus S.; Longva Tore; Hoffmann, Peter; Endresen, Øyvind; Dalsøren, Stig B., 2011. ' Future cost scenarios for reduction of ship CO2 emmisions', Maritime Policy & Management, Vol.38 (1), p.11-37.
  • Hoffmann, J. & Kumar, S. 2010. ' Globalisation: the maritime nexus' in Grammenos, C. (ed.), The Handbook of Maritime Economics, second edition, London: Lloyd's List, 35-64.
  • Marlow, P. & K. Mitroussi, 2012. 'Shipping Taxation', Talley, W. (ed.), The Blackwell Companion to Maritime Economics, pp.304-20, Blackwell Publishing.
  • Nguyen, H.-O., 2011. ' Explaining variations in national fleet across shipping nations', Maritime Policy and Management, 38 (6), 567-83. Panayides, P.M. & K.P.B. Cullinane, 2002. 'The vertical disintegration of ship management: Choice criteria for third-partu selection and evaluation', Maritime Policy and Management, 29 (1), 45-64.
  • UNCTAD, 2013. Review of Maritime Transport 2013, Geneva: UNCTAD.





 
Last updated on 11-04-2014