Courses Description

Programme’s Modules

MSc in Shipping Management

CORE MODULES

C / O

CREDITS

SEMESTER 1

 

 

Stage One: 1 Oc t- 30 Nov

 

Maritime Economics

CORE

5

Human Resource Management

CORE

5

Financial Accounting

CORE

5

Stage 2: 8 Dec - 21 Feb

 

Management  of Shipping Enterprises

CORE

5

Chartering

CORE

5

Marine Insurance

CORE

5

SEMESTER 2

 

Stage 3: 1 Mar - 15 May

CORE MODULES

   

Shipping Financial Management

CORE

5

Maritime Law

CORE

5

ELECTIVE MODULES (choose 4 out of 8)

   

Leadership and Entrepreneurship

ELECTIVE

5

Strategic Management

ELECTIVE

5

Shipping Operations

ELECTIVE

5

Negotiations & Claims Handling

ELECTIVE

5

Maritime Information Systems

ELECTIVE

5

Quality Management in Maritime Operations

ELECTIVE

5

Port and Terminal Management

ELECTIVE

5

Managament of Marine Resources and Blue Growth

ELECTIVE

5

   

Stage 4: 1 Jun - 30 Sep

 Dissertation (1 June- 30 Sept) or Internship

CORE

15

                                                                                                                                          

MSc: 75 ECTS credits.

 

 

Module Titles & Aims

Maritime Economics

The module aims to enhance student’s ability to apply economic theory on the shipping sector in order to evaluate market equilibrium shifts. The critical evaluation of the parameters affecting supply and demand will provide students with the necessary tools to critically evaluate shipping economic environment and apply timely and rational decisions with regard to chartering, managing and investment strategy. The identification of the shipping cycle market stage consists an important part of the Module.

 

Human Resource Management

The module aims at preparing students as prospective candidates, in facing the challenge of entering in the shipping industry. It develops students’ critical appraisal of the main issues and problems involved in the management of human resources within the shipping business context, leading to effective management of employee relations. The module addresses issues regarding the evaluation of working practices and behavior of groups and individuals in shipping companies with practical examples. Emphasis is placed on the ability of students to elaborate methods of assessing employee recruitment, evaluation, training, motivation and performance assessment.  In addition it allows students to synthesize material from the substantive fields covered by human resource management and develop the conceptual framework and techniques, which are necessary for the successful management of human resources in the shipping context.

 

Financial Accounting

The aim of the module is to prepare students to apply accounting principles and prepare financial statement reports that provide information about a firm's performance to external parties such as investors, creditors, and tax authorities. In addition the Module familiarize students with the specialized accounting handling of the Masters General Accounts.

 

Maritime Law

The module aims to familiarize students with the legal issues related to the maritime industry with specific focus on the basic principles of English contract law and the law of International trade.

 

Management of Shipping  Enterprises

The module aims to enhance the analytical abilities of students in order to apply management and organizational techniques in shipping companies. Management theories are critically presented with special emphasis on the applicability of management functions in the particular context of a shipping company. The peculiarities deriving from the very nature of shipping services and their implication on the organization and operations of shipping companies are critically addressed in such a way as to urge students to apply theoretical knowledge into viable managerial actions.

 

Chartering

The module aims to develop knowledge of the chartering procedures (dry & wet cargo), taking into consideration all parties involved in the brokerage process. The module focuses in the following items: parties involved; market reports; freight indices; voyage estimation; offers & counteroffers; details required to be included in offers; negotiations; charter party types and common clauses.

 

Shipping Financial Management

The purpose of the module is to enable students to recognize the most suitable way of finance. It provides them with the ability to approach the proposed financing activities of major financial institutions and concentrate on all important factors that may influence the monitoring process of a required financing from the moment that an investor requires financing up to the moment of its paid back. Moreover, students should also be able to analyze and assess risk, volatility and risk exposure and at the same time to develop the ability to utilize all current highly sophisticated financial products to control risk.

 

Marine Insurance

This module intent to give students, a systematic understanding of particular topics of Marine Insurance. Special emphasis is given to the analysis of the Institute Hull, Cargo and Freight clauses and to the particular problems of interpretation to which these clauses have given rise in their everyday application. Moreover students will deal with particular (total and partial) and General Average and related measure of indemnity. The students by the end of the module will know how Institute Clauses and York-Antwerp Rules work in practice and will be able to deal in a satisfactory manner with legal issues arising from their application. The module puts particular focus to provide knowledge that allows solving legal problems arising in practice.

 

Strategic Management

The module aims to enhance the analytical abilities of students in order to critical evaluate strategic decisions available in different shipping sectors and market environments. The extensive use of case studies from shipping companies during the course of the module aim to provide an insight to students regarding the applicability of strategic planning and management in shipping companies. The module also aims to introduce methods of generating strategies and consistency plans for various environmental situations. Finally the module is designed in such a way as to urge students to apply theoretical knowledge into viable strategic proposals.

 

Shipping Operations

The aim of this module is to give the students the knowledge and understanding of the management functions and introduce them to key ideas and practices of management, along with the vital concepts and techniques necessary for the efficient operation of a shipping company. Moreover, this module aims is to provide students of an overall knowledge of cargo properties with particular focus on the main cargoes transported by sea. Every different kind of cargo has its own way of package, storage, care during the sea voyage, the loading and discharging method, the different equipment to handle safely, stow the cargoes succeeding a good quick turn round and port speed.

 

Entrepreneurial Management & Leadership

This module is designed to provide participants with an understanding of enterprise at the individual, corporate and societal level of inquiry. The module will enable students to comprehend theories of entrepreneurial behaviour, innovation and wider societal issues and allow them to relate such theories to practice. Moreover the module aims to enable students to increase their capacity for entrepreneurial activity, and be aware of the significance of innovation management in larger organizations.

 

Negotiations and Claims Handling

Shipping companies are faced with having to deal not only with a great variety of different types of claims but also with a great number of different jurisdictions where legislation and custom can vary a great deal. For those reasons alone, there can never be an “all-in” formula for dealing with claims but there are things that can be done both to safeguard one’s own position.  The module comprises extensive cases and examples and has been tailored to the shipping industry to reflect typical areas that they might negotiate in. This will provide them with their own personal awareness, relevance and provide them with the experience and challenges in translating Negotiation theory into reality.

 

Dissertation or Internship

The dissertation is designed to provide an opportunity to students to undertake a substantial piece of research in the subject area of Shipping. The research is intended to build on the taught modules of the award and is underpinned by the Research Methods module. In this module (only for those opt for dissertation) a set of four specialized seminars by a classification society leading to a certification (if successfully sit to the exams) is scheduled. Students alternatively may choose to intern at shipping companies for a period of 8 weeks.