Shipping Economics and Analytics

ENE431 Shipping Economics and Analytics

Autumn 2018

  • Topics

    • Introduction to models and data-driven analytics for shipping markets
    • Introduction to the offshore support markets, including geography, vessel requirements and exploration/production support activities
    • Commercial contracts for ships and offshore support vessels 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

    Knowledge

    • The candidate is familiar with developments in recent shipping and offshore market.
    • Understands advanced models and concepts in international shipping and offshore industries

    Skills

    • Finds, synthesizes, and presents information on the international shipping and offshore markets
    • Can apply economic theory to varied strategic issues and practical problems facing shipping and offshore companies
    • Considers the economic, political and ethical issues relevant to the shipping and offshore 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

    Teaching consists of lectures, guest lectures from industry experts, company visit, mini case studies and student presentations.

  • 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 3-hour individual School exam (60%). The oral exam is a group-based (groups of max four students) presentation  to the class on a topic from the shipping and offshore markets. The language of the exams is English only.

    If you wish to retake the 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

Overview

ECTS Credits
7.5
Teaching language
English
Semester

Autumn. Offered Autumn 2018.

Course responsible

Professor Siri Pettersen Strandenes, Department of Economics