NSA 2521 Shipping Management


NSA 2521 Shipping Management

Responsible for the course
Cathrine Bjune

Department of Accounting - Auditing and Law

According to study plan

ECTS Credits

Language of instruction

This course offers a thorough introduction to the development, practice and economics of international shipping. It covers the market for ships and cargoes, ships types and trades and the drivers of the market. The students will learn the basics of chartering and different forms of employing the ship. The course is aimed at students who are interested in shipping and or international trade, and who wish to specialize in the management of shipping companies, work in ship-broking firms, banks or with consultants, finance and insurance organizations that include shipping in their portfolios.

Learning outcome
Acquired knowledge
After completing the course students shall have:
  • An understanding of the different shipping markets
  • Understand the drivers of demand and supply of ships and cargoes
  • An understanding of world trade and consumptions effect on shipping
  • Knowledge about the different ways of employing the ship
  • An understanding of the and the different ontracts used for deployment of ships
  • Basic chartering and voyage calcualtions
  • Fleet positioning

Acquired skills
After completed course students will be able to:
  • Explain the relationship between demand and supply for shipping services,
  • Discuss basic principles of rate making.
  • Analyze the freight markets and mechanisms of feight setting
  • Beng able to interpret and use charterparties
  • Understand and perform voyage calculations.
  • Reflect on the dynamics of shipping business cycles in an economic perspective.
During the course students should develop recognition of shipping’s role in society, shipping’s role in the world economy and be able to reflect on shipping’s responsibility to the environment.


Compulsory reading
Stopford, Martin. 2009. Maritime economics. 3rd ed. Routledge. Selected chapters

Gorton, Lars ... [et al.]. 2009. Shipbroking and chartering practice. 7th ed. Informa. Selected chapters on chartering to be placed on Itslearning in scanned version

Recommended reading
Grammenos, Costas Th., ed. 2010. The Handbook of maritime economics and business. 2nd ed. Lloyd`s List

Course outline
  • Shiping types, ship sizes and and cargo capacity
  • The principal shipping markets, the demand for and supply of shipping services
  • Shipping operations and trading routes
  • Revenues and costs in shipping
  • Understanding the dynamics of shipping business cycles
  • Chartering of vessels and contracts used
  • Voyage calculation
  • Investments analysis in shipping
  • Summary

Computer-based tools
Students are advised to make use of computer-based tools in the course, for instance spreadsheets. At the examination, however, computer-based tools are not allowed.

Learning process and workload
The course will include a combination of lectures and plenary tutorials where solutions to exercises will be explained.

There will be mandatory hand-in assignments. The assignments will be in the form of small cases selected from textbooks and trade articles. Please note that whilst attendance is not compulsory, it is the students responsibility to obtain any information provided in class that is not included on the course homepage/It's learning or text book.

The students will be given a case to be worked on in groups or individually. Case will be presented to lecturer for review.

The following is an indication of the time required:
Plenary tutorials where exercises will be explained
Preparation for lectures and plenary tutorials
Preparation for hand-in assignment
Preparation for the final exam
Total recommended use of time

    A three hour individual written exam concludes the course.

    Examination code(s)
    NSA 25211 - Written exam - counts 100% to the grading of the course NSA 2521 Shipping Management, 7,5 credits.

    Examination support materials
    BI-approved exam calculator and bilingual dictionary. TEXAS INSTRUMENTS BA II Plus™
    Examination support materials at written examinations are specified under exam information in our web-based Student Handbook. Please note use of calculator and dictionary. http://www.bi.edu/studenthandbook/examaids.

    Re-sit examination
    Re-takes are possible at the next time course is offered.

    Additional information