ENE431 Shipping Economics and Analytics

• Topics

  • Introduction to models and data-driven analytics for shipping markets
  • Commercial contracts for ships and the functioning of the chartering markets.
  • The differing market structure, competition and business strategies in selected shipping sectors
  • Business risks and risk management in shipping
  • Regulatory and environmental issues in international shipping
  • The financing of shipping assets

• Learning outcome

  Upon successful completion of the course, the candidate

  Knowledge

  • understands the economic mechanisms driving the international shipping markets.
  • is familiar with recent development in data-driven analysis applied to the freight markets and ship operation.
  • understands how to apply advanced economic models and concepts in international shipping

  Skills

  • finds, synthesizes, and presents information on the international shipping
  • can apply economic theory to varied strategic issues and practical problems facing shipping companies
  • considers the economic, political and ethical issues relevant to the shipping industries
  • can communicate with industry practitioners using correct terminology

  General Competence

  • communicates problems, methods and solutions from the analyses both in writing and orally
  • exchanges opinions and experiences with others with a background in the field

• Teaching

  The mix between online and physical in-person teaching in the course will be determined when we see the composition, physical location and number of students signed up in August.

  Given that the course typically has a large percentage of international students, we anticipate that teaching this year will primarily be done online using Zoom with digitalized interactive lectures in the Mentimeter App. About 30% of each online session will consist of a mini case, to be solved in groups in digital "breakout rooms".

  We will take advantage of online teaching to involve more international experts from the shipping industry to give short remote guest lectures as an integral part of the teaching schedule.

• Recommended prerequisites

  Background knowledge in finance (discounting and net present value, options), microeconomics (supply and demand functions, elasticities) and statistics (probability distributions, expectation, standard deviation, variance, and regressions)

• Required prerequisites

  None

• Requirements for course approval

  A group-based written assignment must be submitted and approved (approved/not approved basis) to obtain course approval (English only).

• Assessment

  The course is assessed in two parts: an oral exam (40% of final grade) and a written 4-hour individual digital home exam (60%). The oral exam is a group-based presentation (groups of max four students) to the class on one of a list of prescribed topics from the shipping markets. The language of the exam is English only. The presentation will take place digitally using Zoom or in the auditorium if the situation allows.

  If you wish to retake an exam, you have to retake both the oral and written exams in the same semester.

• Grading Scale

  A-F

• Computer tools

  PC: Word, Powerpoint, Excel,

• Literature

  Selected academic articles to be made available through Canvas