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2016/2017  BA-BISHV1000U  Markets, Regulation and Security in the Maritime Sector

English Title
Markets, Regulation and Security in the Maritime Sector

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration One Quarter
Start time of the course First Quarter, Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Min. participants 30
Max. participants 100
Study board
Study Board for BSc in International Shipping and Trade
Course coordinator
  • Thomas Roslyng Olesen - Department of Innovation and Organizational Economics (INO)
Contact information: https:/​/​e-campus.dk/​studium/​student-hub/​aabningstider-og-kontaktinformation

Other faculty: Thomas Roslyng Olesen, INO
Main academic disciplines
  • Globalization and international business
  • Strategy
  • Economics
Last updated on 19-04-2016
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • • A theoretic based understanding of the most important maritime competences in Copenhagen with a specific focus on three themes: the product tanker and container liner shipping segments; the commercial and financial strategies of maritime operations; the regulatory regimes in security and safety
  • • A comparative understanding of the drivers of supply and demand in two important maritime segments: product tankers and container lines
  • • Apply a stakeholder perspective to the market formation in the two segments
  • • Apply theories from international regulation/governance literature to the study of shipping policies and security
  • • Critically evaluate new business opportunities in international shipping from the perspectives of finance, strategy, regulation and security
Markets, Regulation and Security in the Maritime Sector:
Exam ECTS 7,5
Examination form Written sit-in exam
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Autumn
Aids allowed to bring to the exam Limited aids, see the list below:
  • Written sit-in-exam on CBS' computers
  • Access to personal drive (S-drive) on CBS' network
  • USB key to upload your notes before the exam
Make-up exam/re-exam Home assignment - written product
Size of written product: Max. 10 pages
Assignment type: Written assignment
Duration: Written product to be submitted on specified date and time.
Course content and structure

The course aims to develop the students ́ knowledge of maritime economics with a specific focus on the relationship between corporate strategies, market regulation and maritime security. The course will bridge an introduction to relevant theories within strategic management, institutional economics and economic sociology with the empirical cases of maritime companies and organisations in Copenhagen. The strategic and institutional competences are defined in relation to two specific segments: Product Tanker and Container Shipping. We will study the institutional and strategic setting of these segments and analyse how commercial operations have developed over time. The students will get a theoretically based knowledge on the drivers of supply and demand in the two segments. This is followed by a study of the regulatory and institutional market formation. This understanding will create the foundation for a case based insight to the corporate strategies of companies in the two segments. The course will be divided in three themes mirroring the macro_, meso_ and micro_analytical levels:

  1. The macro_level consists of introduction to two important global maritime segments: product tanker and container shipping including a theoretic based understand of the global drivers of supply and demand in the two segments, and a broader understanding of the various stakeholders in the segments. We will also discuss why and how Copenhagen created specific competitive advantages within these two segments.

  2. The meso_level consists of a theoretically grounded understanding of the formation of markets including the regulatory regimes, which defines the rules of the game. We will discuss how and to which extent the regulatory framework can become a competitive advantage of shipping companies. This part will include guest lectures and visits to institutions such as BIMCO and the Danish maritime authorities.

  3. The micro_level concerns a case based study of the strategic development of Danish shipping companies in the two segments. The aim is to provide the students with an analytical understanding of the critical relationship between the institutional setting of the market and the corporate strategies – including the commercial and financial operations.

Teaching methods
A combination of lectures, case based discussions, external guest lectures and student presentations
Student workload
Class hours 42 hours
Preparation 84 hours
Expected literature

Peter Stokes: Ship Finance, Credit expansion and the boom-bust cycle, 1997

Atle Thowsen & Stig Tenold: Odfjell, the History of a Shipping Company, 2006

Stig Tenold, Martin Jes-Iversen & Even Lange: Global Shipping in Small Nations, Nordic shipping after 1960, 2012

Chris Jephson & Henning Morgen: Creating Global Opportunities, Maersk Line in Containerization, 1973-2013, 2014

Neil Fligstein: The Architecture of Markets, 2001

Costas Th. Grammenos: The Handbook of Maritime Economics and Business, 2002

Martin Stopford: Maritime Economics, 2009

Morten Ougaard and Anna Leander: Business and Global Governance, 2010

Last updated on 19-04-2016