Course content
The course provides a comprehensive introduction to the economics and management of international shipping, with the primary aim of equipping students with a thorough understanding of shipping markets and their vital role in global trade. Emphasizing both recent developments and future challenges, the course integrates theories from micro- and macroeconomics to analyze shipping markets and their dynamics.
Students will gain the skills to identify and critically evaluate the key factors influencing business opportunities in international shipping. Topics covered include the relationship between shipping and global trade, the structure and functioning of the four primary shipping markets, and the cyclical nature of shipping, including forecasting methodologies. The course focuses on the specific economics of dry bulk, tanker, and liner shipping, alongside an exploration of maritime finance, risk management, and the regulatory framework governing international shipping.
Additionally, the course examines national shipping policies, the growing trends of outsourcing and ship management, and the principles of quality shipping. A strong focus is placed on the transition to green shipping, emphasizing sustainability and innovation as central to the future of the industry. Through these topics, students will develop a comprehensive understanding on the complexities of international shipping and the strategic approaches needed to deal with its challenges.
See course description in course catalogue