English   Danish

2023/2024  BA-BISHV1004U  Shipping Business Analytics

English Title
Shipping Business Analytics

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration One Quarter
Start time of the course First Quarter, Autumn, Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 60
Study board
Study Board for BSc in International Shipping and Trade
Course coordinator
  • Liping Jiang - Department of Operations Management (OM)
Main academic disciplines
  • Globalisation and international business
  • Statistics and quantitative methods
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 28-06-2023

Relevant links
Learning objectives
The overall aim of this course is to develop the students’ business analytics skills in order to support strategic and operational decision-making in the shipping business. By the end of the course, the student should be able to:
  • Understand the strategic value of data-driven analytics in shipping business
  • Demonstrate an understanding of business data analysis processes
  • Collect, clean, describe and visualize the shipping data appropriately
  • Apply the appropriate data methods to analyze specific shipping business questions
  • Interpret and evaluate the results and derive meaningful business insights
  • Communicate insights from quantitative analysis clearly to a business audience in written and verbal form
Course prerequisites
The are no prerequisites. Fundamentals of the methodologies will be provided during the course.
Examination
Shipping Business Analytics:
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 Written assignment
Release of assignment The Assignment is released in Digital Exam (DE) at exam start
Duration 72 hours to prepare
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Autumn and Autumn
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the program office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content, structure and pedagogical approach

The shipping industry faces many business challenges and significant decisions. While the abundance of data creates opportunities for business leaders to make better decisions, extracting value from business data is far from straightforward.

 

This course provides you with a solid understanding of how to turn data into valuable business insights and improve decision-making in shipping. The course focuses on deploying analytical methods to answer essential shipping business questions, including freight trading, pricing, revenue, chartering, investment and sustainability.

 

The course is ideal for students who want to advance their analytics skills, and more importantly, to apply different methods to collect and analyze data to inform business decisions. Examples, cases, and real data in the shipping industry will be used throughout the course, but the analytical approaches can be applied in a broader context. Upon completion of the course, students will be well prepared for the analytic role in the shipping-related industry or further academic studies in related disciplines. The following topics are covered:

 

  • Data-driven decision makings in shipping
  • Freight rate determinants in tramp shipping
  • Freight rate forecasting
  • Pricing and revenue management in liner shipping
  • Voyage estimation in chartering
  • Strategic chartering decisions
  • Ship investment and valuation
  • Investment appraisal methods
  • Ship choice decisions
  • Techno-economic assessment of green shipping solutions
  • Green price premium in eco ships
  • Big data applications in shipping
Description of the teaching methods
The course has a practical and hands-on approach. For each topic, it combines face-to-face lectures, hands-on exercises with real shipping data in the class, case-based in-class discussions, group presentations and online activities. Guest lectures by representatives from shipping companies and company visit will also be included in the course.
Feedback during the teaching period
Students will receive feedback continuously through the course on their hands-on exercises, case discussions and group presentations in the class. Teachers will also be available during office hours to give feedback or answer questions from students.
Student workload
Lectures 38 hours
Preparation 164 hours
Exam 72 hours
Expected literature

The following is a tentative list of readings. The expected literature can be subject to changes before the start of the semester. The final reading list can be found in Canvas two weeks before the course starts.  

 

  • Panayides, P.M. (Eds.). The Routledge Handbook of Maritime Management. Routledge, Abingdon (UK), 2019.
  • Plomaritou, E. and Papadopoulos A. Shipbrokering and chartering practice (Eighth edition). Abingdon (UK), 2018
  • Kavussanos, Manolis G., Visvikis, I.D. (Eds.). The International Handbook of Shipping Finance: Theory and Practice. Palgrave Macmillan, London (UK), 2016
Last updated on 28-06-2023