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MAR8029 : Marine Transport and Economics

  • Offered for Year: 2020/21
  • Module Leader(s): Dr Paul Stott
  • Owning School: Engineering
  • Teaching Location: Newcastle City Campus
Semester 2 Credit Value: 10
ECTS Credits: 5.0


A1. To understand the technical and economic factors which influence the efficient operation of freight shipping.

Outline Of Syllabus

Trade and markets: major trade routes and cargo flows. Fleet and other statistics. Ship types and productivity. Role of freight markets. Operating costs. Analysis of freight rates. matching supply and demand. System operation: unitised and bulk transport systems. Closed, semi-closed and open systems. Competition with other modes. Obsolescence, sale and purchase and replacement of ships. Economics: elements of revenue and expenditure. Discounted cash flow calculations. Budgeting and financial performance. Sources of capital. Rates of return and profitability in shipping.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion118:0018:00Coursework
Guided Independent StudyAssessment preparation and completion12:002:00Examination
Guided Independent StudyAssessment preparation and completion112:0012:00Examination Revision
Scheduled Learning And Teaching ActivitiesLecture122:0024:00Including tutorials
Guided Independent StudyDirected research and reading141:0041:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00Seminar
Teaching Rationale And Relationship

The lectures are designed to assist students in the acquisition of a knowledge base that will facilitate understanding of marine transport vessels, fleets and markets (IKO1-4).

The seminars are discussion periods to explore current issues in greater depth.

Independent study involves:
1. consulting references from reading lists
2. accessing market reports and statistical sources
3. preparing a written report on a relevant marine transport topic

Assessment Methods

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

Description Length Semester When Set Percentage Comment
Written Examination1202A70N/A
Other Assessment
Description Semester When Set Percentage Comment
Research paper2M30Approx 15 hours
Assessment Rationale And Relationship

The examination provides students with an opportunity to demonstrate knowledge, understanding and the possession of subject-specific, cognitive and key skills in relation to an international market. The medium also allows students to demonstrate intended learning outcomes across a wide range of topics within the syllabus since marine transport has many dimensions.

The coursework provides students with an opportunity to demonstrate written communication skills, research-related skills, IT skills and depth of understanding (and associated cognitive skills).

The Graduate Skills Framework entries indicated as 'A' are also assessed in this way.

Reading Lists