Course Information Package

Course Unit CodeDLITSM501
Course Unit DetailsMA/LLM Maritime Law and Shipping Management (DL) (Required Courses) - MSc International Trade and Shipping Management (DL) (Required Courses) -
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
• The definition of globalization and the nature and structure of global business;
• Global trade: drivers and obstacles;
• The effects of the geo-political environments and the role of national and supranational regulatory agencies;
• The strategic environmental factors that affect global business;
• The impact of global financial, economic and socio-economic factors;
• The impact of global cultural and socio-cultural factors;
• The importance of natural resources and the impact of industrialisation on the global environment;
• The roles of the global manager and the function of international human resources management;
• Global strategies, global operations and marketing management;
• Export and import practices; 
• Evolution of transportation by sea, its patterns and its contribution to global trade;
• Vessels and cargoes types and operations;
• Transport as part of global logistics and supply chain management;
• Structure of the maritime industry and its major contributors;
• Supply and demand for transport services: The 4 shipping markets.
• Financial Performance: Costs and Revenues

Recommended and/or required reading:
  • Stopford, M., (2009) Maritime Economics, 3rd Edition. Abingdon, Oxford: Routledge.
  • Pugel, T (2016) International Economics 16th Edition. New York: McGraw-Hill.
  • Luthens, F., Doh. J.P., (2015) International Management: Culture Strategy and Behavior. 9th Edition. New York: McGraw-Hill.
  • Blocher, C., Stout, D., Juras, P., Cokins, G., (2013) Cost Management: A Strategic Emphasis. 6th Edition New York: McGraw-Hill.
  • Dong-Wook, S., Panayides, P.M., (2012) Maritime Logistics: A Complete Guide to Effective Shipping and Port Management. London: Koganpage.
  • Hill, C.W.L., (2008) International Business, Competing in the Global Marketplace, 7th edition, Irwin, McGraw-Hill, Illinois,
  • Grammenos, C., (ed) (2010) The Maritime Economics and Business Handbook, 2nd Edition, London: Informa.
  • Lorange, P., (2009) Shipping Strategy: Innovating for Success, Cambridge: Cambridge University Press.
  • Daniel, J.D., (2011) International Business: Environment and Operations,13th ed. Boston: Pearson Education,
  • Schmidt,W.,(2007) Communicating Globally, Intercultural Communication and International Business, Sage Publication (N.Y., New York)
  • Wild, J.J., (2006). International Business: the Challenges of Globalization, 3rd ed. New Jersey: Prentice Hall.
  • Sutherland,J., Canwell, D., (2004). Key Concepts in International Business. New York: Palgrave.
  • Hughes, M.D., Taggart., (2001). International Business: European Dimensions. New York: Palgrave.
  • Buckley, P., J., (2004). The Challenge of International Business. New York: Palgrave.
  • Bagwell,R., Staiger., (2002) The Economics of the World Trading System, Cambridge, M.A: MIT Press,
  • Krugman, P.R., Obstfeld, M., (2008) International Economics, 6th Edition, Boston: Pearson Books.
  • McConville J., (1998) Economics of Maritime Transport, Livingston: Witherby Books.
Planned learning activities and teaching methods
The intended use of this module is such that you progress through from unit 1 to unit 10 in unit order. The module is designed to introduce and explain the material you are expected to learn. All the readings from the recommended textbooks associated with a specific unit, will be clearly stated. Furthermore, any relevant readings associated with a particular topic will be stated at various points within the unit, wherever appropriate. It is worth noting that all readings provide a good source of additional examples on which you can practice if you so wish.
The on-line learning environment provides an opportunity for receiving on-line feedback from the Module Instructors during your study and you are strongly advised to take advantage of this. In addition, you will be encourages to interact both with other students and your instructor so as you feel part of an on-line community of learners that belong to the University network.

Recorded lectures/ Narrated presentations
You may be asked to watch a recorded lecture or narrated presentation posted on the web addressing the main concepts of a particular unit.
Dynamic Online Interaction: 
 • Asynchronous communication tool (Discussion Forum)
You may well be asked to participate, wherever appropriate, in an online forum posting your views on certain topics covered in a particular unit.  
 • Synchronous communication tool (instant messaging)
Using the synchronous communication tools (such as, skype, chat rooms, video-conferencing, etc.), you may discuss with the Module Instructor (s) and/or other students on line with reference to specific issues covered in a given unit.
Throughout the Study Guide, you will find a various forms of assessment/ self-assessment as follows: 

 - Online multiple choices questions on the topics covered. 
 - Online review questions designed to provoke thought/ action and reflection on the topics covered in each unit and their applicability in real life.
 - Online numerical exercises that require computational work designed to check that you can correctly apply a technique or method covered in a specific unit.
 - Discussion forum participation based on recommended articles and the questions offered for dynamic online interaction.
 - Instant messaging participation.
 - Further readings beyond those already recommended in this Guide.

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