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Module

MAR3021 : Marine Transport Business

  • Offered for Year: 2020/21
  • 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
Guided Independent StudyAssessment preparation and completion151:0015:00Coursework relating to the three IKOs.
Scheduled Learning And Teaching ActivitiesLecture14:004:00Synchronous teaching via Zoom for tutorial and reinforcement of teaching
Structured Guided LearningLecture materials118:0018:00Non-synchronous lectures delivered online using Recap. To include formative questions.
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 teaching41:004:00Present in person tutorial and feedback sessions (will be recapped)
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.


Alternatives will be offered to students unable to be present-in-person due to the prevailing C-19 circumstances.
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

Other Assessment
Description Semester When Set Percentage Comment
Essay1A100Coursework will involve answering 2-3 questions.
Assessment Rationale And Relationship

The coursework allows students an opportunity to demonstrate knowledge, understanding and the possession of subject specific insights. Coursework will be used to reflect the ERF requirements in place, in place of the previous examination for this subject. The coursework will include three questions to test the acquisition of the three intended skills outcomes.

Reading Lists

Timetable