Maritime Economics (B1)

Venue: University of Strathclyde

Staff: Dr Dimitris Konovessis, Dr BS Lee

Aims: To introduce the students to the maritime economical environment and its impact on ship operation and design.

Module Content:

Background, components of maritime industry, role and position of maritime industry in the global economy.
Blue Sea and Short Sea Shipping.
Comparative study of the characteristics and market demands in the two sectors, ship types, economic future of fast ships.
Economic Environment of the Maritime Industry.
Transportation, role of shipping as an element of transportation chain, major market share, supply and demand in maritime industry, trend in global and regional cargo flow, world economic development and forecast of future shipping demand.
Economic Performance of Ships and Equipment.
Cost elements, methods of calculating minimum freight rate, expected return, operational efficiency of ships, make-up and operation of fleet.
Infrastructure and Support Industry.
Location and design of ports, port facilities, support infrastructure required, legislation and its impact on maritime economics, safety and environmental issues, effects of technical advances in ship operation.