MAR8174 : Shipping Market Analysis
- Offered for Year: 2023/24
- 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 2 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Aims
1. To give students an understanding of marine data, sources and uses.
2. To enable students to objectively judge data quality and to apply discrimination in the use of data.
3. To enable students to use the correct type of software for different types of analysis.
4. To enable students to use professional data to undertake analysis relating to the shipping markets.
5. To enable students to structure and present data in a professional way.
6. To introduce students to forecasting techniques in the marine field.
7. To introduce students to the shipping market environment in the City of London.
Outline Of Syllabus
1. Data, information and information quality.
2. Databases and their uses (and the limitations of spreadsheets in data analysis).
3. Data classification.
4. Accuracy in inputting and checking strategies for analysis.
5. Specific shipping classification problems, in particular relating to ship types, owner nationality and
shipping geography.
6. Analysing chartering and fixture data.
7. Creating shipping indices.
8. Data presentation and trend analysis.
9. The power of presentation.
10. Forecasting techniques.
11. Correlation and its limitations in data analysis.
12. Linear regression and specific uses in the shipping sector.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 8 | 2:00 | 16:00 | Formal lecture series |
| Guided Independent Study | Assessment preparation and completion | 1 | 20:00 | 20:00 | Assessment Preparation |
| Guided Independent Study | Directed research and reading | 1 | 20:00 | 20:00 | Critical reading and assessment of data reports to be provided to the students. |
| Scheduled Learning And Teaching Activities | Small group teaching | 2 | 2:00 | 4:00 | Tutorial and discussion of directed reading. |
| Scheduled Learning And Teaching Activities | Workshops | 3 | 2:00 | 6:00 | Computer labs for practical data analysis exercises |
| Scheduled Learning And Teaching Activities | Fieldwork | 1 | 18:00 | 18:00 | Trip to City of London (3 days). |
| Guided Independent Study | Reflective learning activity | 1 | 16:00 | 16:00 | Review and study lecture materials and notes and study of reading list. |
| Total | 100:00 |
Teaching Rationale And Relationship
Teaching will be based around a series of formal lectures, which will outline what the students need to know about the subject. These will be interspersed with practical sessions in computer lab where students will practice application of the techniques taught in lectures. This will include retrieval and analysis of data under supervision.
Independent study will be based around review of industry reports and the output of professional analysts, which the students will be provided with. The aim is to gain inspiration and ideas from those practicing in the sector and to use this in their own work.
Central to the module is a field trip to the City of London to meet and discuss with analysts, data providers and shipping organizations, to see the use of data in shipping at first hand. The visit will be both informative and motivational.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Report | 2 | M | 100 | Report on a shipping industry sector assigned to the student. Approx word count of 2000. |
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 |
|---|---|---|---|
| Computer assessment | 2 | M | Formative questions will form the basis of the computer sessions. |
Assessment Rationale And Relationship
The assessed 2000 word Report provides students with an opportunity to demonstrate communication and analytical skills. It will be assessed to take into account the breadth of sources used, the quality of sources used, processes and software used, quality of illustrations and other data summaries and procedural elements, such as methods to check results and avoid data errors.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- MAR8174's Timetable