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2024/2025  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 21-02-2024

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 Active participation

The completion of this course is based on active student participation in class. The course will be considered as passed if the students participation - based on an overall assessment - in the class activities fulfill the learning objectives of the course. The individual student’s participation is assessed by the teacher.
The student must participate in Assignment(s)
Individual or group exam Individual exam
Grading scale Pass / Fail
Examiner(s) Assessed solely by the teacher
Exam period Autumn and Autumn
Make-up exam/re-exam Home assignment - written product
Size of written product: Max. 15 pages
Assignment type: Written assignment
Duration: 72 hours to prepare
Description of activities
Assignment(s): Active participation is used as the exam format of this course. Different from the traditional final exam at the end of the course, the assessment is integrated into the learning journey and distributed through a series of structured learning activities and assignments, supported by teacher’s continuous feedbacks. The goal is to foster a proactive and engaging learning environment that minimizes exam stress, enhances deep learning and prioritizes the application of knowledge.

There will be 10 small assignments throughout the course in the form of group assignment and/or individual assignment. assignments will be released in class.
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
Active participation is used as the exam format of this course. Different from the traditional final exam at the end of the course, the assessment is integrated into the learning journey and distributed through a series of structured learning activities and assignments, supported by teacher’s continuous feedbacks. The goal is to foster a proactive and engaging learning environment that minimizes exam stress, enhances deep learning and prioritizes the application of knowledge.

The course is thus different in its structure and exam format than other courses. Students should expect workload (i.e. assignments) between most of the classes. Correspondingly, there will be NO final exam at the end of the course. Students will be evaluated based on 1) whether the student has been actively engaged in the learning activities and complete the assignments; and 2) whether the learning objectives have been satisfactorily fulfilled by the end of 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
  • Ke, L., Liu, Q and Ng. A.K.Y & and Shi,W. 2022. Quantitative modelling of shipping freight rates: developments in the past 20 years, Maritime Policy & Management, 1-29.
  • Adland, R. et al. 2016. The influence of charterers and owners on bulk shipping freight rates. Transportation Research Part E. 86:69-82
  • Alizadeh, A. and Talley, W. 2011. Microeconomic determinants of dry bulk shipping freight rates and contract times, Transportation, 38: 561-579
  • Chen, T., Lee, P.T-W. and Notteboom, T. 2013. ‘Shipping line dominance and freight rate practices on trade routes: the case of the Far East-South Africa trade’, Int. J. Shipping and Transport Logistics, Vol. 5, No. 2, pp.155–173.
  • Notteboom, T., Pallis, T. & Rodrigue, JP. 2021. Disruptions and resilience in global container shipping and ports: the COVID-19 pandemic versus the 2008–2009 financial crisis. Marit Econ Logist 23, 179–210.
  • Adland and Koekebakker. 2007. Ship valuation using cross sectional sales data: a multivraite non-parametric approach. Maritime Economics and Logistics 9 (2): 105-118.
  • Aleandridis, G. et al., 2018. A survey of shipping finance research: setting the future research agenda. Transportation Research Part E: Logistics and Transportation Review, 115. pp. 164-212.
  • Alizadeh, A. H. and Nomikos, N. K. 2007. Investment timing and trading strategies in the sale and purchase market for ships. Transportation Research Part B, 41, pp 126-143.

 

  • Adland, R., Thomassen, K., and Østensen, E. 2019. Environmental management in shipping: Theory and practice of energy-efficient ship operation. In P.M. Panayides (Ed.). The Routledge Handbook of Maritime Management. 1st Edition, Routledge, 80-97.
Last updated on 21-02-2024