Shipping Economics and Analytics

ENE431 Shipping Economics and Analytics

  • 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


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


    • 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, 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


  • 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


    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


  • Computer tools

    Computer tools

    PC: Word, Powerpoint, Excel,

  • Semester



  • Literature


    Selected academic articles to be made available through Canvas


ECTS Credits
Teaching language

Course responsible

Roar Os Ådland & Siri Pettersen Strandenes