Maritime economics, ship broking & chartering
Shipping & Port Economics (3 EC's)
The objective of this course is to provide an overview of all major aspects of shipping and port economics. Typically, maritime organisations (should) have a global scope as their business extends itself to all corners of the globe. Shipping has an essential role in enabling world trade and linking economies together. In this course generic economic theories and instruments are applied to a maritime context. Students will explore the relationships between world trade, commodity markets, supply and demand cycles in shipping, forecasting and market research and port competition.
Ship Broking & Chartering (2 EC's)
This course provides the student with a sound understanding of the Ship broking and Chartering world as well as the fundamental principles and working methods appropriate to Ship broking and Chartering. The course addresses all relevant technical, commercial and financial aspects in an international context. Important subjects that will be discussed in this course are: ship broking markets, laytime, demurrage, charter parties, pricing, contracts and obligations of carriage of goods by sea.
The Business of Shipbuilding, Sale & Purchase (2,5 EC's)
This course gives the student a sound introduction into the relevant parties, principles and policies regarding shipbuilding, sale, and classification. The content of the module has been developed from the viewpoint of the principal (the ship owner, not the shipbuilder). The course will give background information on the Principles of Ship Building and the Financing, what are the preliminary considerations, how to deal with the planning and timing and what are the future shipowner perspectives. Where does the money come from? The course will zoom into the possible finance structures and all finance considerations – processes and procedures relating to a loan and mortgage agreement. The main clauses of ship acquisition are discussed as well as key processes, procedures and contract used. The student will learn about the management of shipbuilding from a shipowner’s perspective, how to choose a shipyard, and how to manage the marine equipment suppliers and subcontractors.