MSc in Health Education and Health Promotion

Course Information Package

Course Unit TitleCOMMERCIAL MANAGEMENT OF SHIPS
Course Unit CodeDLITSM512
Course Unit DetailsMA/LLM Maritime Law and Shipping Management (DL) (Specialisation Electives) - MSc International Trade and Shipping Management (DL) (Electives Courses) -
Number of ECTS credits allocated6
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Critically consider the process of selecting and purchasing ships.
  2. Critically reflect on the alternative forms of vessel employment and be able to make optimum selections and decisions with regards to the commercial exploitability of cargo and passenger vessels.
  3. Select, develop and pursue appropriate employment opportunities for individual vessels and company fleets.
  4. Formulate substantiated opinions regarding the risks and rewards from operation in niche markets.
  5. Develop strategic plans for the short, medium and long term future of ship management and related maritime organisations.
  6. Monitor, review and evaluate the commercial performance of dry bulk, tanker, container and passenger vessels.
  7. Monitor, review and evaluate trends and economic and technical fundamentals in specific sectors of the maritime industry and become able to identify new business opportunities.
  8. Respond to industry and market changes in a critically sound and intellectually structured manner.
  9. Propose policies based on in-depth understanding of specific commercial issues and general market conditions.
Mode of DeliveryFace-to-face
PrerequisitesNONECo-requisitesNONE
Recommended optional program componentsNONE
Course Contents
Chartering:
Role of brokers and intermediaries
Vessel description, Chartering and trading terminology.
Voyage, time, bare boat and tanker chartering.
Contracts of affreightment.
Disputes and arbitration.
 
Voyage estimates:
Calculating cargo capacity and voyage time.
Estimating time in port.
Bunker calculations.
Dry cargo and tanker voyage estimates and voyage results.
Other voyage costs.
 
Laytime Calculations:
Role of agents and statements of facts.
Time counting and stoppages.
Voyage completion.
Laytime statements: demurrage/dispatch.
 
Sale & Purchase:
Negotiation procedures and model contracts.
Role of surveyors and Classification societies.
Spares, BOB, LOB, supplies and provisions.
Taking delivery.
Auctions and Disputes.
 
General
Financial Planning.
Communications and IT in the maritime industry.
Issues of liner shipping.
Issues in passenger shipping.
Shipping markets and shipping cycles.
Dry bulk, container and tanker markets.
Short sea shipping.
Scrapping.
EU Transport Policy. Paris MOU. World Trade.

Recommended and/or required reading:
Textbooks
  • Barrie Jervis (2005), Reed's Marine Insurance (Reed's Professional) Paperback
  • Baughen, Simon (2012). Shipping Law. 5th Edition, Routledge.
  • Branch Alan Edward (2007), Elements of shipping. 8th Edition, Routledge
  • Brodie Peter, (2008).Commercial Shipping Handbook, Informa
  • Bundock Michael (2011), Shipping Law Handbook, 5th Edition, Informa
  • Dykstra, D.L. (2005). Commercial Management in Shipping. The Nautical Institute
  • Gorton, Lars, and Hillenius, Patrick, and Ihre, Rolf (2009), Shipbroking and Chartering Practice, 7th edition Routledge
  • Packard, William, V. (2006). Sale and Purchase, Shipping Books Limited; 3rd Revised edition (2006)
  • Stopford Martin (2009). Maritime Economics. 3rd Edition, Routledge
References
    Planned learning activities and teaching methods
    The intended use of this study-guide is such that you progress through from unit 1 to unit 12 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 encouraged 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 a narrated presentation posted on the web addressing the main concepts of a particular unit.

    Dynamic Online Interaction: 

     • Asynchronous communication tool (Discussion Forum)

    You may 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.
    Self-assessment:

    Throughout the Study Guide, you will find various forms of assessment/ self-assessment as follows: 

     - Worked examples of calculations. 
     - 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
    Participation in Activities5%
    Marked Assignments 45%
    Assignments10%
    Language of instructionEnglish
    Work placement(s)NO