OM0700 Supply Chain Management

Given the importance of purchasing and logistics in the success of organizations, firms should be involved in the management of the network of upstream firms that provide inputs as well as downstream firms responsible for the delivery and service of products to end customers.   This course deals with the design of logistics networks or supply chains, and the flow of materials and information on them. Participants in this course will be exposed to both the strategic and operational aspects of managing today's complex supply chains. The course is a natural extension of the issues developed in Production and Operations Management. Topics include logistics systems design, purchasing function, customer service, logistics information systems, transportation management, warehouse management and logistics administration and performance measurement.

FI0170 Shipping Finance

Due to the fact that the shipping industry is a capital intensive and volatile industry, the course focuses on the critical evaluation of the various financial methods under risky and uncertain situations. The course focuses on the general principles of financial management by ship owning and ship operating companies and the impact economic variables on the financial operations of shipping business organizations. The aim of this course is to give students an appreciation of the problems, issues and alternative methods involved in shipping finance. The end goal is to provide students with the tools necessary to conduct accurate financial analysis for investment purposes in the shipping industry. At the end of the course, the students will be able to develop, appraise, negotiate and choose among alternative investment proposals in shipping.

LW0100 Maritime Law
The course enables students to understand the basic concepts of the law relating to shipping, so as to bolster their prospects of professional, commercial or business employment. Notions such as the ship, admiralty jurisdiction, arrest, ship mortgage, maritime lien, marine insurance shall be examined and analysed. Furthermore, it is opted to enhance students’ interpretational skills when examining legal instruments. Finally, students are expected to develop other skills, such as problem solving, legal research, independent study and critical evaluation. Successful students shall demonstrate a satisfactory knowledge of various concepts of shipping law. They should be in a position to apply the relevant law to hypothetical problems, to evaluate critically legal situations and reach reasoned conclusions.

EC0200 Maritime Economics and Policy 
Sea transportation has been an important catalyst of world trade and economic growth. Globalization of the world economy, increased competition and rapid technological change has resulted in lowered transport costs. High volatility in prices, uncertainty, capital concentration and global competition of the shipping markets, have made effective economic skills a requirement for shipping organizations. The aim of this course is to provide the maritime economic principles and theory required for the effective management of a shipping company, which operates in the global competitive shipping environment, under the appropriate policy perspectives. The students will be able to understand the economic organization of the shipping market, to analyse the shipping market cycle and the shipping markets, as well as the supply and demand conditions and the trade patterns in seaborne transportation.

DS0500 Economic Modelling in Shipping 
The course provides an introduction to economic modelling in shipping. The course focuses on the empirical techniques used most often in the analysis of shipping markets and how they are applied to actual market data. The aim of this course is to provide the students with the basic statistical tools, skills and experience necessary to begin conducting empirical economic modelling in shipping markets. Empirical exercises and practical case-studies, which will require students to use real market data in a statistical software, will enable them to implement most techniques in modern economic modelling.

SH0400 International Commodity Trade and Transport
The objective of this course is to examine, analyse and question international commodity trade and transport and the interrelationship that exists between these two fundamental systems. Deliberately taking a policy stance, the module places international transport and trade within a jurisdictional framework characterised by international, supranational, national, regional and local policy-making – exemplified by the IMO, EU, nation state, and specific ports. The major factors that determine the commodity trades and the way that the shipping and ports industry has to react to them are discussed before individual trades are examined. Major policy drivers such as safety, the environment, security, subsidy, competition and employment are examined in the light of international commodity trading and transportation.

SH1400 Safety and Enviromental Principles in Maritime Operations
The quest for safety is a primary preoccupation and central issue for all shipping companies nowadays. Apart from the mandatory legislation that addresses the issue of safety and which should be thoroughly followed and implemented, in today's market it is becoming increasingly difficult to operate unless some form of safety and quality assurance accreditation is in place. Moreover, environmental protection and pollution prevention is one of the main concerns of the International Maritime Organization (IMO). High profile accidents, resulting in significant marine pollution, have particularly raised the environmental protection awareness of regulatory bodies, shipping players, shipping companies and of course the public. The aim of this course is to provide an in-depth analysis of the current compulsory and optional safety framework and environmental principles in the shipping business.

SH0600 Marine Insurance and Carriage of Goods by Sea
The first part of the course is to introduce students to the issues involved in insuring the various interests that may arise in vessels and their cargoes. The course examines the types of policy available, the legal issues that arise in the placement and claims processes and the risks covered by the standard form of marine insurance wordings available. The second part of the course is to provide the principles of law governing the carriage of goods by sea and admiralty jurisdiction. It further focuses on liability in terms of the cargo transported and claim implications. The aim of the course is to enable students to understand, analyse and critically evaluate the processes which affect a shipping company in relation to marine insurance issues and to the law of carriage of goods by sea.

SH0300 Chartering Policy and Charterparty Analysis 
The course provides to students an in-depth knowledge on the various activities relating to chartering the commercial exploitation of vessels. Subjects include the sale and purchase of ships, their profitable chartering and employment in all common forms and types including time spent in ports. The course further investigates specific types of operations, such as liner and passenger trades and further presents an overview of niche cargo markets such as dry bulk, tanker, container, short sea and inland waters. The impact of national, EU and International sea transport policies are examined, together with IMO regulations that dictate future terms of trade and developments in the design, technical and specifications of ships. The elements and terms of a charterparty, along with an understanding of the business decisions, and legalities, are fully analysed.

FI0870 Business Risk Management in Shipping

The highly volatile (risky) business environment, in which companies in the shipping industry operate, makes it imperative for them to identify the sources of risk that they face, but also to know how to deal with them effectively. Implementing risk management strategies in the increasingly sophisticated and competitive environment that companies operate nowadays, can often make the difference between being able to stay in business or not. It can give these companies a comparative advantage over the intense competition that they face in the sector. The aim of this course is to provide the needed knowledge in the areas of derivatives and risk management in shipping. Both traditional methods of risk management and more recent derivatives instruments are extended to the shipping industry through this course.