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MANG6370 Maritime Operations and Risk (PT)

Module Overview

The UK is a world leader in many areas of maritime business services, education and research and provides many of the essential services that keep world shipping in operation. While no longer a major centre for large scale commercial shipbuilding, the UK is home to significant technical and design expertise, as well as smaller scale boatbuilding and component supply. The maritime industries (shipping, ports and business services) are estimated to contribute at least £8.5 billion a year to the UK economy. This module looks at operations and risk management in maritime industries. Beginning with an insight into the economics of the shipping industry, the module goes onto consider shipping transportation and supply, operational planning and risk management, the co-ordination of the supply chain and the impact of shipping on the environment. Designed specifically as part of the MBA with Maritime Pathway, the module is designed to support learners who are looking to move into the shipping industry to get a better insight of how the sector works. It is also well suited to learners from the maritime industry who wish to progress in managerial and leadership roles, including those who may be transitioning from sea-based occupations to shore-based careers. The module utilises a combination of lectures and case-studies to embed the learning around the various topic. The case study is important is a critical part of the learning as it allows learners to bring content and skills learnt on the other parts of the MBA programme to bear on the issues of maritime operations and risk. Similarly, the case-study also allows learners to bring any relevant work experience to bear on the problems raised by the case study.

Aims and Objectives

Module Aims

to enable students to learn about the nature of maritime operations and risk and some of the critical management and leadership challenges in this sector. Students develop their ability to assess the economic and financial bases of risk management and plan effectively for maritime operations, within the context of relevant issues in the supply chain and environment. The module further aims to develop these skills through application to a practical case study, and asks students to reflect on their learning in this context.

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

  • The management and leadership of maritime operations and risk;
  • The economic factors that impact on maritime operations and risk;
  • Planning, forecasting and risk management in maritime operations;
  • The supply chain and how it impacts on maritime operations and risk;
  • The impact of maritime operations on the environment.
Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

  • Identify the economic factors that underlie risk assessment and decisions in maritime operations;
  • Calculate the cost and efficiency of maritime operations;
  • Evaluate the economic and financial risk of maritime operations;
  • Plan maritime operations effectively, using forecasting and risk assessment techniques;
  • Assess the interplay with and impact of the supply chain in maritime operations;
  • Assess the impact of maritime operations on the environment.
Transferable and Generic Skills

Having successfully completed this module you will be able to:

  • Communicate effectively in written form;
  • Present effectively for business purposes, through an industry-based case study;
  • Reflect on your learning and personal development as a manager and/or leader in business, through an industry-based case study.

Syllabus

The module covers the following topic areas: • Introduction to shipping • Shipping market economics • Shipping company economics • Seaborne trade and transport systems • The merchant fleet and transport supply • Forecasting and planning • Risk management • Supply chain coordination • Shipping and the environment • Revision

Learning and Teaching

Teaching and learning methods

Teaching methods include • Lectures • Case Study Learning activities include • Lecture attendance • Case study practice inside and outside of class • Recommended reading • Exam practice (‘mock’ exam)

TypeHours
Independent Study70
Teaching30
Total study time100

Resources & Reading list

Stopford, M. (2009). Maritime Economics. 

Assessment

Formative

In-class formative opportunities

Summative

MethodPercentage contribution
Invigilated examination  (2.5 hours) 100%

Repeat

MethodPercentage contribution
Examination  (2.5 hours) 100%

Referral

MethodPercentage contribution
Examination  (2.5 hours) 100%

Repeat Information

Repeat type: Internal & External

Costs

Costs associated with this module

Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.

In addition to this, students registered for this module typically also have to pay for:

Textbooks

Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase the mandatory/additional reading text as appropriate.

Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.

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