Principles of shipping economics

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.