MAR3021 : Marine Transport Business
- Offered for Year: 2022/23
- Module Leader(s): Dr Paul Stott
- Owning School: Engineering
- Teaching Location: Newcastle City Campus
Semesters
| Semester 1 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
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.
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 in person |
| Guided Independent Study | Assessment preparation and completion | 15 | 1:00 | 15:00 | Exam revision and completion. Relating to the three IKOs |
| Structured Guided Learning | Structured research and reading activities | 9 | 1:00 | 9:00 | Reading of key materials to be provided by the module leader |
| Scheduled Learning And Teaching Activities | Small group teaching | 4 | 2:00 | 8:00 | Tutorial and feedback sessions |
| 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.
Should the public health situation require it, the present-in-person teaching activities will be replaced by synchronous online sessions.
Students should consult their timetable for up-to-date delivery information.
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
| 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.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- MAR3021's Timetable