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Master Class Maritime Economics & Business
https://www.antwerpmanagementschool.be/en/program/masterclass-maritime-economics/curriculum
Curriculum & faculty

Master Class Maritime Economics & Business

The maritime industry is facing a multitude of challenges: shifts in environmental regulations, technological developments, security threats, etc. This Master Class equips professionals within the sector with the necessary knowledge and skills to craft strategies that surmount these obstacles.

Language

English

First start date

09.12.2024

Duration

1 - 10 days
Price
€3.950

Location

Antwerp, Belgium

Language

English

First start date

09.12.2024

Duration

1 - 10 days
Price
€3.950

Location

Antwerp, Belgium
https://www.antwerpmanagementschool.be/en
Home
https://www.antwerpmanagementschool.be/en/program
Programs
https://www.antwerpmanagementschool.be/en/program/masterclass-maritime-economics
Master Class Maritime Economics & Business
https://www.antwerpmanagementschool.be/en/program/masterclass-maritime-economics/curriculum
Curriculum & faculty

Curriculum & faculty

You will be provided with thorough insights into the role, functioning and operations of seaports and seaport-related policymaking. The C-MAT top-level faculty and its scientific partner network, as well as high-end practitioners, port authorities and policymakers will share their knowledge and actively engage you in interactive lectures, field visits and panel debate sessions.

Modules

Introduction to shipping economics

We will first pack your backpack with the key elements of world seaborne trade and shipping economics.

→ Merchant trade
→ Seaborn trade/transport
→ World fleet development (number, ownership, age, …)


Shipping market economics

We will then sketch the economic framework of the shipping industry, based on Stopford (2009). We will first discuss each of the four shipping markets and their trends, and then dive into the role of shipping market cycles.

→ Freight market
→ Secondhand market
→ New-build market
→ Demolition market
→ Shipping market cycles
→ Indicators to monitor


Shipping regulation and law

Given the strong international character of shipping, shipping regulation and law will be briefly discussed. Industry speakers will reflect upon topics such as:

→ Public law
→ Environmental regulation and others
→ Marine insurance
→ Safety


Shipping markets

There is no such thing as ‘the’ maritime shipping industry. Each (sub-)market will be discussed in-depth from both an academic and industry point of view.

→ Liquid bulk
→ Dry bulk
→ Container liner shipping
→ Breakbulk shipping
→ Offshore shipping
→ Other maritime shipping segments (e.g. cruise, roro)


Shipping company economics: cash flow

After discussing the dynamics of the shipping cycles and exploring the practicalities of each (sub-)market, we will now focus on cashflow. As cashflow determines shipowners behavior, we will study each cost element in depth.

→ The cashflow model of a shipping company
→ Ship revenues
→ Cost of operating a fleet (operating, voyage and handling costs)
→ Capital cost
→ Relation capital cost – cashflow


Shipping company economics: pricing

After explaining the supply, demand and freight rate mechanism in the maritime sector, we will zoom in on the key elements that influence supply and demand.

→ Supply
→ Demand
→ Pricing
→ Market dynamics
→ Market trends


Shipping company investment and finance

This topic is addressed by industry speakers from various shipping markets. In this interactive lecture, we will discuss both industry dynamics and strategies regarding operations, sustainability (alternative fuel, ESGs), etc.

→ The shipping company investment model
→ Purchasing/leasing new or second-hand vessels
→ Different types of (green) financial funding
→ The performance of shipping investments


Market economics: forecasting

We will briefly look into key elements in forecasting, methodologies and scenario analysis, combining theory with real-life cases.

→ Type of forecasting methods
→ Market report
→ Forecasting approach
→ Scenario analysis


Technological innovation

New technologies and/or materials are expected to improve shipping efficiency, operations and time management, thus reshaping the maritime shipping industry. Industry speakers share their own insights about the set-up of alternative fuels, the introduction of sensors and the data management behind it.

→ (Semi-)autonomous/smart shipping
→ Technology platform
→ Cyber security
→ Data (architecture/quality/standardization)
→ Alternative fuels (site visit hydrogen station)

Excursions

An excursion will be organized to EDR Antwerp Shipyard and DEME (with site visit to their in-house simulators).

Learning outcomes

After this course, you will:

  • know how maritime transport is organized;
  • have insights into contemporary maritime developments;
  • know and understand principal theories of shipping market and shipping companies economics;
  • know about nxtgen technologies developed for the maritime industry;
  • be able to understand the impact of maritime policy and regulatory issues on the maritime shipping business;
  • be able to link the topics we discussed with various resources;
  • be assigned 6 ECTS credits upon successful completion of the exam and related assignments.

Start the registration procedure

We only accept a limited number of candidates. We advise you to start the noncommittal application process as soon as possible. Registrations will be closed once the maximum capacity has been reached.

Meryliis Moistlik WEB

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