MAR3021 : Marine Transport Business
MAR3021 : Marine Transport Business
- Offered for Year: 2024/25
- Module Leader(s): Dr Paul Stott
- Owning School: Engineering
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 1 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
Pre Requisite Comment
N/A
Co-Requisite
Modules you need to take at the same time
Co Requisite Comment
N/A
Aims
A1. Understand the Marine Transport market and the role of the marine technologists in it.
A2. Identify the factors that result in seaborne trade.
A3. Link different trade patterns to different shipping services
A4. Show how ships are operated owned and chartered to fulfil that demand.
A5. To enable students to understand the concept of a market and price formation in shipping.
A6. To identify the structure of ship operating costs and the relationship with different chartering
arrangements.
A7. To enable students to appreciate the time value of money and develop simple loan scenarios.
A8. To give an introduction to investment appraisal in shipping.
Outline Of Syllabus
The module provides an understanding of the marine transport market and how different business sectors are organised.
Main topics include: world trade; freight markets and demand for ships; organisation of tramp and liner shipping; major bulk commodities; general cargo and liner trade; choice of ship types; service performance of ships; introduction to markets; finance and loans; investment appraisal.
Learning Outcomes
Intended Knowledge Outcomes
IKO1 - Identify different shipping service trades and their characteristics (C15, C4)
IKO2 - Recognize the elements that affect shipping business performance (C15, C4)
IKO3 - Interpret the role of marine technologists in the shipping business (C15)
IKO4 - Identify the role of shipping in current world economy (C15)
IKO5 - Critically review the elements that characterize shipping business decisions (C15)
Intended Skill Outcomes
ISO1 - Recognition of the main shipping business elements in shipping and how these affect the choice of ship and profitability of the service (C15)
ISO2 - Understanding of the role of business elements in the marine technologists work (C15)
ISO3 - Understanding of investment appraisal sufficient to enable a review of the value of a project (C15, C1, C2)
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 9 | 2:00 | 18:00 | Formal lecture series |
| Guided Independent Study | Assessment preparation and completion | 15 | 1:00 | 15:00 | Exam revision and completion. Relating to the three IKOs |
| Scheduled Learning And Teaching Activities | Small group teaching | 4 | 2:00 | 8:00 | Tutorial and feedback sessions |
| Structured Guided Learning | Structured research and reading activities | 9 | 1:00 | 9:00 | Reading of key materials to be provided by the module leader |
| Guided Independent Study | Reflective learning activity | 1 | 50:00 | 50:00 | Review and study lecture materials and notes and study of reading list. |
| Total | 100:00 |
Teaching Rationale And Relationship
The use of lectures and the provision of lecture material as the principle teaching method is an effective means to provide students with the acquisition of the sizeable and detailed knowledge base and facilitate the understanding of the module material. Tutorials allow in person interaction, reinforcing knowledge and providing feedback.
Reading Lists
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 120 | 1 | A | 100 | Single unseen examination at the end of the semester. |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | Practise exam questions for discussion at the Tutorials. |
Assessment Rationale And Relationship
The examination allows students an opportunity to demonstrate knowledge, understanding and the possession of subject-specific insights.
The exam will require three questions from four to be answered, each question comprising a descriptive part and a numerical question, based on the teaching and the intended learning outcomes. Numerical techniques will be practiced in the formative assessments (C1, C2, C4, C15)
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- MAR3021's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- MAR3021's past Exam Papers
General Notes
N/A
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.