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Principles of shipping economics

Individual course

If you are taking this course as part of a FITech minor, please note that all minors will be offered for the last time in the academic year 2021-2022. Please check the individual courses for updates regarding future availability.

The aim of the course is to provide the student an overview of maritime and shipping industries and to develop student’s understanding on shipping markets, economics of shipping and the shipping industry.

After completing the course, the student will understand

  • the role and significance of maritime transport as part of the international economy
  • the interaction of different stakeholders in the shipping industry
  • the logic of key shipping markets such as liner shipping and tramp shipping
  • the principles of revenue models in shipping and how they are utilised in decision making of different stakeholders.

The course provides a good overview of worldwide shipping markets and the basic maritime economics principles that underpin trade logistics. The course introduces to the key terminology used in shipping and port and links these to international logistics. The main shipping markets by major cargo and vessel types and the market fluctuations are important elements in the contents. The shipping-seaport interface is also discussed in the course and its core materials.

Working methods: Introductions and lectures, group discussions and assignments, cases, home exams.

More info in University of Turku’s study guide.

Responsible teacher

University of Turku
Tomi Solakivi

Contact person for applications

FITech Network University
Fanny Qvickström, Student services specialist
Application period has ended
Application period has ended
Technical studies
Industrial engineering and management
Course code:
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0 €
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Application period has ended
Host university:
University of Turku
Who can apply:
Adult learner,
Degree student
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Course suitable for:
Master's level students in engineering, business or for example in biology, geology and social sciences. Professionals already working in industry.
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