Teaching Responsibility
LJMU Schools involved in Delivery:
Engineering
Learning Methods
Lecture
Tutorial
Module Offerings
7161MAR-SEP-CTY
7161MAR-SEP_NS-CTY
Aims
Evaluate the business, financial and management aspects of marine operations so enabling the students to have the essential knowledge and competencies to tackle the fundamental managerial concerns normally attended to by senior management in the maritime industry.
Learning Outcomes
1.
Evaluate various aspects of marine operations including chartering,
2.
Analyse the important aspects of shipping economics, ship finance and associated matters.
3.
Discuss in depth the various operational aspects of ship management
4.
Demonstrate a critical understanding of current issues and new developments in the shipping industry.
Module Content
Outline Syllabus:Chartering practices with a focus on laytime calculation and economic aspect of chartering
Maritime safety management, including formal safety assessment and traditional quantitative risk analysis techniques and the latest development of maritime safety research.
Ship management, including history of 3rd party ship management, marketing process of ship management, ISM code, and selection of ship management using advanced multiple attribute decision making methods (e.g. AHP and TOPSIS).
Registration, including flag of convenience, factors influencing owner choice of flag in and flag out, and port state control.
Ship finance, including derivatives, forward freight agreement, commercial paper, credit ratings, LIBOR, ship financing types, leasing, security (i.e. mortgage etc.),
Current Issues (research informed)
Module Overview:
Additional Information:The module is designed to provide a comprehensive overview of the topics including chartering, finance, ship management, and operational considerations, which a shipping executive could deal with on a routine basis.