Curriculum Structure

Share        

MT2002 Shipping Economics

[Lecture: 26 hr ; Tutorial: 13 hr ; Lab: 0 hr ; Pre-requisite: Nil ; Academic Unit: 3.0 ]


Learning Objective :

This course helps students to understand the economic aspects of maritime trade and shipping market.

Course Content :

Maritime trade and cargo. Shipping market. Market cycle. Supply and demand. Freight and cost structure. Tramp shipping. Liner shipping.

Course Outline :

S/N

Topic

1

Patterns of maritime trade and cargo

2

Economic organization of shipping market

3

Four major shipping markets and market cycle

4

Demand for and supply of maritime transport

5

Market structure

6

Pricing mechanism

7

Shipping cost and revenue

8

Economies of scale in shipping

9

Bulk cargo and tramp shipping

10

General cargo and liner shipping

11

Shipping specialized cargoes

12

Alliance and partnership

13

Case studies

Learning Outcome :

Upon completion of the course, students should be able to understand the economic concepts which are applicable to explain phenomenon in the maritime industry

Textbooks :

  1. Stopford, M. (2009) Maritime Economics (3rd edition), Routledge, London.

References :

Various online materials.