N01 – Maritime Economics
This course aims to explore the economics of shipping, world fleet structure, financial analysis and the major shipping markets, and to apply supply-and-demand analysis, time-value-of-money methods and investment appraisal to practical maritime economics problems.
£299.00
20 hours
Focused, self-paced learning designed to fit around professional schedules.
Online, self-paced
Study online at a pace that fits your schedule.
8 sections
Structured curriculum sections.
English
Language of instruction for this course.
Quiz count: 6 total
Knowledge checks and assessed activities.
29 lessons
Focused lessons organised into a clear learning path.
Course overview
Designed for: engineering graduates looking for refresher courses in niche expert areas.
Entry requirements: an engineering degree or equivalent experience, plus basic algebra and the use of a calculator or spreadsheet for the time-value-of-money and cashflow calculations; no prior study of economics is needed.
Learning format: self-paced online lessons with audio read-out, worked examples (including a bulk-carrier voyage cashflow and a four-year cashflow under falling freight rates), a lesson of five worked problems, two written assignments, interactive tabs, flip cards and expandable panels, in-lesson checks, an AI tutor to answer questions as you go, and graded quizzes. This suits the aim because maritime economics is applied through calculation, so worked problems and written assignments let you practise each method on shipping cases before the section quiz.
What you will learn
Describe the structure of the world merchant fleet, flagging practices, and shipping’s role in world trade.
Apply supply-and-demand and elasticity analysis to maritime transport markets.
Perform time-value-of-money and cashflow calculations used in ship investment appraisal.
Evaluate ship financing, cost structures, revenues, and measures of investment merit.
Explain the structure and freight-rate mechanisms of the tanker, dry bulk, and liner markets.
Solve assessment-style maritime economics problems using the techniques taught in the course.
Skills and knowledge
Maritime economics
Shipping markets
Cashflow analysis
Time value of money
Fleet economics
Investment appraisal
Ship finance
Freight rates
Course curriculum
Introduction
1.1 Welcome
Shipping and the World Fleet
2.1 Why Shipping Matters
2.2 World Fleet Structure
2.3 Flags and Registration
2.4 Ownership and Trade Patterns
2.5 Quiz 1 (quiz)
Supply, Demand and Cost Theory
3.1 Equilibrium and Revenue
3.2 Elasticity in Practice
3.3 Derived Demand for Transport
3.4 Cost Theory Basics
3.5 Quiz 2 (quiz)
Time Value and Cashflow
4.1 Time Value of Money
4.2 Cashflow vs Profit
4.3 Voyage Cashflow Analysis
4.4 Annual and Discounted Cashflow
4.5 Finance Techniques Assignment
4.6 Quiz 3 (quiz)
Investment, Costs and Revenue
5.1 Ship Finance and Capital
5.2 Revenue and Running Costs
5.3 Measures of Merit
5.4 Quiz 4 (quiz)
Shipping Markets
6.1 Tanker Market
6.2 Dry Bulk Market
6.3 Liner Market
6.4 Quiz 5 (quiz)
Assessment Practice
7.1 Worked Assessment Problems
7.2 Case Study Assignment
7.3 Quiz 6 (quiz)
Summary
8.1 Key Takeaways
Ready to enrol?
£299.00