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2018/2019  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
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Thomas Roslyng Olesen - Department of Strategy and Innovation (SI)
Kontaktinformation: https:/​/​e-campus.dk/​studium/​kontakt eller Contact information: https:/​/​e-campus.dk/​studium/​kontakt
Main academic disciplines
  • Globalization and international business
  • Strategy
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 07-02-2018

Relevant links
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.
Examination
Developments in International Shipping:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
Assignment type Case based assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Winter
Make-up exam/re-exam
Same examination form as the ordinary exam
* if the student fails the ordinary exam the course coordinator chooses whether the student will have to hand in a revised product for the re- take or a new project.
Course content and structure

This course introduces students to the economics and management of international shipping. The overall aim of the course 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.
 

The course is divided into three main parts:

 

In the first part of the course we will look into the global role of shipping and the characteristics of different shipping segments. The students will be introduced to the economics of dry bulk shipping, tanker shipping, container shipping and specialized shipping. In this part we will also focus on freight market forecasting, ship management, ship finance, and risk management.

 

In the second part of the course we will examine how regulation affects the different shipping segments. The students will be introduced to the maritime regulatory bodies at the international, supranational and national level. We will use different governance and compliance theories to examine how regulations are carried out, how they are enforced, and how they affect different shipping segments. We will also discuss the problems that arise when trying to regulate a global industry and discuss how regulatory inconsistencies may affect shipping companies.

 

Finally, in the third part of the course, we will discuss how different types of regulation affect the corporate strategies of ship operators and to what extent the regulatory framework may become a competitive advantage for shipping companies. This part includes guest lectures from Danish shipping companies where we will hear how the strategies of companies in different segments are affected by current and future regulation.

 
Description of the 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.
Readings: Approximately 1,000 pages.
Feedback during the teaching period
Office hours for feedback
Student workload
Preparation 150 hours
Teaching 32 hours
Exam 24 hours
Further Information

This course is part of the minor in Maritime Business

 
Expected literature

Reference book:

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

 

Articles:

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.

Kaldellis, J.K. and Kapsali, M., 2013. ’Shifting towards offshore wind energy—Recent activity and future development’, Energy Policy, 43, pp. 136-48.

Marlow, P. and Mitroussi, K., 2012. ‘Shipping Taxation’, Talley, W. (ed.), The Blackwell Companion to Maritime Economics, pp. 304-20, Blackwell Publishing.

Mitroussi, K., 2003. ‘Third-party ship management: the case of separation of ownership and management in the shipping context’, Maritime Policy and Management, 30 (1), 77-90.

Poulsen, R.T. and Johnson, H., 2016. “The logic of business vs. the logic of energy management practice: understanding the choices and effects of energy consumption monitoring systems in shipping companies”, Journal of Cleaner Production, 112 (5), 3785-3797, doi: 10.1016/​j.jclepro.2015.08.032

Poulsen, R.T., Ponte, S. and Lister, J., 2016. “Buyer-driven greening? Cargo-owners and environmental upgrading in maritime shipping”, Geoforum, 68 (January), 57-68, doi: 10.1016/​j.geoforum.2015.11.018

UNCTAD, 2015. Review of Maritime Transport 2015, Geneva: UNCTAD.

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Last updated on 07-02-2018