ENE431 Shipping Economics and Analytics

• Topics

  Topics

  • Market models for shipping
  • 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 and offshore support sectors
  • Business risks and risk management in the shipping and offshore markets
  • Regulatory and environmental issues in international shipping
  • Financing ships and offshore support vessels

• Learning outcome

  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

  Teaching consists of lectures, guest lectures from industry experts/company visit, student presentations. Each lecture typically includes one mini case study to be solved in class and discussed in plenum.

• Recommended prerequisites

  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

  Required prerequisites

  None

• Requirements for course approval

  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

  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 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.

• Grading Scale

  Grading Scale

  A-F

• Computer tools

  Computer tools

  PC: Word, Powerpoint, Excel,

• Semester

  Semester

  Høst

• Literature

  Literature

  Selected academic articles to be made available through Canvas