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Module

MAR3021 : Marine Transport Business

  • Offered for Year: 2021/22
  • 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

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture92:0018:00Formal lecture series in person
Guided Independent StudyAssessment preparation and completion151:0015:00Exam revision and completion. Relating to the three IKOs
Scheduled Learning And Teaching ActivitiesSmall group teaching41:004:00Synchronous teaching via Zoom for tutorial and reinforcement of teaching
Structured Guided LearningStructured research and reading activities91:009:00Reading of key materials to be provided by the module leader
Scheduled Learning And Teaching ActivitiesSmall group teaching41:004:00Tutorial and feedback sessions
Guided Independent StudyReflective learning activity150:0050:00Review and study lecture materials and notes and study of reading list.
Total100:00
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

Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.

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

Exams
Description Length Semester When Set Percentage Comment
Written Examination1201A100Single unseen examination at the end of the semester.
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.

Should the public health situation require it, the planned examination scheduled to be completed present-in-person will be replaced by an open book, online examination to be completed within a defined 24 hour period.

Reading Lists

Timetable