MSc in International Trade and Shipping Management

Course Information Package

Course Unit TitleSHIP MANAGEMENT
Course Unit CodeITSM505
Course Unit DetailsMSc Marine Engineering and Management (Elective Courses) - MSc International Trade and Shipping Management (Required Modules) -
Number of ECTS credits allocated8
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Understand the tasks related to management of ships in the 21st century and the inter-relationship of various departments in a ship management company.
  2. Appreciate the competitiveness of the ship management industry and the importance of offering quality services to the clients.
  3. Show in depth understanding of the responsibility and liability of a ship manager towards its client and the flag.
  4. Comprehend the importance of a successful manning policy and training in the shipping industry.
  5. Apply basic budgetary control applicable in the context of a ship management company.
  6. Understand the concept of a financial project appraisal in relation to operations, safety, environmental and political factors.
Mode of DeliveryFace-to-face
PrerequisitesNONECo-requisitesNONE
Recommended optional program componentsNONE
Course Contents
  • Ship Types. Bulk Carriers, Container Ships, Multipurpose Ships, Oil and Chemical Tankers. Technical and Operational aspects, including the application of international regulations (including IMO, EU, regional and national). Safety aspects.
  • The development of ship management companies in Cyprus & abroad in recent years.
  • Detailed analysis of the various functions of ship management, the inter-relationship of the departments in a ship management company and the most important competences of a ship management company.
  • The importance of recruitment and retention as the two basic building blocks for a successful manning policy and various aspects of training, mandatory as well as discretionary.
  • Challenges and prospects that the shipping industry face in terms of human resources (manning) in Europe and in the world.
  • The basic budgeting methods to calculate net profit from the operation of the vessel.
  • The importance of safety, security and environmental restrictions in the management of a vessel as part of total quality management overview.
Recommended and/or required reading:
Textbooks
  • 21st Century Ship Management, Dickie J.W., 2014.
  • Ship Knowledge, Klaas van Dokkum 5th edition, 2008
References
  • http://www.ics-shipping.org/shipping-facts/shipping-facts
  • e-Shipping, E-Learning Module 15 : Fundamentals of Ship Management by Dr. Efstratios Georgoudis
  • e-Shipping, E-Learning Module 20 : International Maritime Transportation by Prof. Tony lane, Dr. Angelos Menelaou, Dr. Alec D Courtroubis
  • e-Shipping, E-Learning Module 17 : Comparative Analyse of Ship Management and Ship Owning by Dr. Evi Plomaritou
  • Sample QMM from Mastermind Shipmanagement
  • Ship Management, Willingdale, M., LLP 1998
  • Ship Management, J. Spruyt, Second Edition, LLP, 1994
  • Ship Management, J. Spruyt, Second Edition, LLP, 1994
  • Shipbroking and Chartering Practice, Sixth edition (Lars Gorton, Patrick Hillenius, Rolf Ihre, Arne Sandevarn), LLP, London (Chapter 8, Freight Calculations)
Planned learning activities and teaching methodsThe lectures are being conducted with the use of Power Point presentations. The lectures are done with the active involvement of the students and at the end of each lecture there is a discussion on the most important issues presented in the seminar. In this way, the students clarify most of their questions during the lecture.During the course, apart from the mid term exam, the students will deal with case studies, with which they will have the opportunity to link the theoretical knowledge with ship management practice. In this way, active involvement of the students throughout the duration of the course is achieved and the students acquire hands on experience on important issues that can prove to be an invaluable tool for all those wishing to pursue a successful career in the shipping industry.
Assessment methods and criteria
Case Studies50%
Final Exam50%
Language of instructionEnglish
Work placement(s)NO