|Course Unit Title||INTERNATIONAL TRADE AND SHIPPING MANAGEMENT|
|Course Unit Code||ITSM501|
|Course Unit Details||MSc International Trade and Shipping Management (Required Modules) - MA/LLM Maritime Law and Shipping Management (Required Modules) - |
|Number of ECTS credits allocated||8|
|Learning Outcomes of the course unit||By the end of the course, the students should be able to:|
- Develop an understanding of worldwide developments and the foundations of international shipping & trade business.
- Develop an understanding of the macroeconomic and political changes of the era of unfolding globalization and how this shapes shipping markets.
- Describe and evaluate export and import practices and the investment environment in which international shipping and trade business transactions occur.
- Develop an understanding of the global monetary framework of international business and its impact on shipping and trade.
- Be familiar with the role and main functions of international transport.
- Be familiar with types of ships, cargoes and cargo handling.
- Be familiar with the main commodity and merchandize trade flows and markets.
- Be familiar with the basic supply and demand variables and other driving forces of the main shipping markets.
|Mode of Delivery||Face-to-face|
|Recommended optional program components||NONE|
- 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|
|Language of instruction||English|