Shipping Economics and Analytics

ENE431 Shipping Economics and Analytics

Autumn 2020

  • 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

    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 presentation (groups of max four students) to the class on a topic from the shipping markets. The language of the exam is English only.

    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

Overview

ECTS Credits
7.5
Teaching language
English
Semester

Autumn. Offered Autumn 2020.

Please note: Due to the present corona situation, please expect parts of this course description to be changed before the autumn semester starts. Particularly, but not exclusively, this relates to teaching methods, mandatory requirements and assessment.

Course responsible

Professor Roar Ådland, Department of Business and Management Science

Assistant Professor Haiying Jia, Department of Business and Management Science