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MAR3021 : Marine Transport Business

  • Offered for Year: 2024/25
  • Module Leader(s): Dr Paul Stott
  • Owning School: Engineering
  • Teaching Location: Newcastle City Campus

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


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
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.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture92:0018:00Formal lecture series
Guided Independent StudyAssessment preparation and completion151:0015:00Exam revision and completion. Relating to the three IKOs
Scheduled Learning And Teaching ActivitiesSmall group teaching42:008:00Tutorial and feedback sessions
Structured Guided LearningStructured research and reading activities91:009:00Reading of key materials to be provided by the module leader
Guided Independent StudyReflective learning activity150:0050:00Review and study lecture materials and notes and study of reading list.
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.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Description Length Semester When Set Percentage Comment
Written Examination1201A100Single 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 exercises1MPractise 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)

Reading Lists