Teaching Responsibility
LJMU Schools involved in Delivery:
Engineering
Learning Methods
Lecture
Online
Tutorial
Module Offerings
7501MSIDL-APR-CTY
7501MSIDL-JAN-CTY
7501MSIDL-JAN_NS-CTY
7501MSIDL-SEP-CTY
Aims
Evaluate the business, financial and management aspects of marine operations so enabling the students to have the essential knowledge 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.
Critically appraise 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 such as maritime cybersecurity and climate adaptation.
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.
The module is delivered via distance learning, described as follows:
Lecture: Slides and slide notes for self-study.
Tutorial: Online activities and exercises with teacher feedback. Virtual classrooms.
Email support.
Online: summative tests.