Course Information Package

Course Unit CodeITSM501
Course Unit DetailsMSc International Trade and Shipping Management (Required Modules) - MA/LLM Maritime Law 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. Develop an understanding of worldwide developments and the foundations of international shipping & trade business.
  2. Develop an understanding of the macroeconomic and political changes of the era of unfolding globalization and how this shapes shipping markets.
  3. Describe and evaluate export and import practices and the investment environment in which international shipping and trade business transactions occur.
  4. Develop an understanding of the global monetary framework of international business and its impact on shipping and trade.
  5. Be familiar with the role and main functions of international transport.
  6. Be familiar with types of ships, cargoes and cargo handling.
  7. Be familiar with the main commodity and merchandize trade flows and markets.
  8. Be familiar with the basic supply and demand variables and other driving forces of the main shipping markets.
Mode of DeliveryFace-to-face
Recommended optional program componentsNONE
Course Contents
  • Introduction to shipping markets, cycles and the evolution of trade;
  • Vessels types and operations;
  • The main commodity and merchandize trades and markets;
  • Export and import practices: strategic global management imperatives in shipping and trade;
  • Macro-economic and political drivers in shipping and trade;
  • The dynamics of globalisation in world trade and its impact on shipping;
  • Analysis of historical and future trends in the global market for trade & shipping
  • Supply and demand for transport services.
  • Financial Performance of Shipping Companies: Costs and Revenue
Recommended and/or required reading:
  • Martin, Stopford, Maritime Economics, 3rd Edition, 2009
  • D.W Song, P. Panayides, Maritime Logistics 2nd Edition, Kogan: London, 2015
  • Charles W. L. Hill, International Business, Competing in the Global Marketplace, 7th Edition, Irwin, McGraw-Hill: Illinois, 2008
  • Grammenos Costas, The Maritime Economics and Business Handbook, 2nd Edition, Informa: London 2010.
  • Peter Lorange, Shipping Strategy: Innovating for Success, Cambridge University Press: Cambridge, 2009
  • N. Wijnolst, N., T. Wergeland, Shipping Innovation, Delft University 2008
  • Daniel, John D. & Radebaugh, Lee H. & Sullivan, Daniel P., International Business: environment and operations,13th Edition, Pearson Education: Boston, 2011
  • Paul R. Krugman, Maurice Obstfeld, Marc Melitz, International Economics, 10th Edition, Pearson: Boston, 2014
  • A. Grath, The Handbook of International Trade and Finance: The Complete Guide for International Sales, Finance, Shipping and Administration. 3rd Edition, Kogan: London,2013
  • D.L., Dykstra, Commercial Management in Shipping, Nautical Institute: London, 2005.
Planned learning activities and teaching methods

The course will be delivered through lectures, discussions, and presentations augmented by consultations with staff during office hours, home and library study.

Assessment methods and criteria
Course work/Assignment50%
Final Exam50%
Language of instructionEnglish
Work placement(s)NO