Teaching Responsibility

LJMU Schools involved in Delivery:

Engineering

Learning Methods

Lecture
Online
Tutorial

Module Offerings

6101MAR-SEP-CTY

Aims

To develop a critical awareness of the economic environment in which ships are financed, traded and operated and to analyse a range of managerial issues in the maritime industry, with particular reference to the management of capital and the appraisal of investment.

Learning Outcomes

1.
Analyse factors affecting the supply and demand for shipping and cycles in the marine business environment.
2.
Examine matters of ships and ship financing, with particular emphasis on chartering work.
3.
Appraise a range of shipping related safety issues and apply formal safety assessment techniques to a range of case studies.
4.
Analyse the role of third party ship management in the maritime sector.

Module Content

Outline Syllabus:Maritime Economics Supply and demand for shipping. Ship size and economies of scale. Productivity and utilisation measurement. Newbuilding market. Ship ordering and ship scrapping. Ship sale and purchase activities. Maritime finance Ship financing, leasing, security (i.e. mortgage etc.), commercial paper, credit ratings, LIBOR. Derivatives, hedging and market speculation. Bunker costs and slow steaming/fuel efficiency. Post fixture operations, demurrage and laytime. Investment Appraisal. Maritime business management Trends in the maritime business environment. Third party ship management. Safety management, maritime safety current status, formal safety assessment and risk assessment techniques.
Module Overview:
The aim of the module is to develop a critical awareness of the economic environment in which ships are financed, traded and operated and to analyse a range of managerial issues in the maritime industry, with particular reference to the management of capital and the appraisal of investment.
Additional Information:A final year module looking at specific aspects of maritime business management within the shipping sector

Assessments

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