Τμήμα Ναυτιλιακών Σπουδών Πανεπιστημίου Πειραιά
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Program Structure

This Shipping Management Course is designed to equip you with the skills, knowledge, and expertise required for a successful career in the demanding and competitive world of shipping. Just as the companies that will lead the way on quality will be commercial winners, the students who complete this Master we hope that will provide tremendous value to today’s modern shipping companies.

You will gain solid insights of ship management while equipping yourself with management tools for efficient decision-making, and the methods, concepts, and theories to enable you to understand and analyze in a holistic and multidisciplinary way, the complexities of the global Shipping industry.

By the end of the program, participants will be expected to:

A. Setting

  1. develop an ability to take decisions in time-pressured and unpredictable business situations
  2. develop an ability to think originally and autonomous in the shipping related business tasks

B. Knowledge and understanding

  1. understand the concept of shipping markets, demonstrate sound knowledge and understanding of the concepts, terminology, analytic techniques, theories and disciplines which underpin the shipping business.
  2. be able to demonstrate an understanding of the techniques applicable to the postgraduate shipping research in order to apply them when developing and applying shipping strategies.
  3. be able to effectively synthesize important terminology, facts, concepts, principles, analytic techniques, and theories used in the field of shipping as demonstrated through the successful development of a shipping business plan.
  4. develop an initiative and originality in shipping problem-solving.

C. Cognitive skills

  1. design and undertake substantial investigations to address significant areas of shipping theory and practice.
  2. synthesize the academic experience in such ways in order to develop new insights into understanding creative ways and theories to solve shipping problems.
  3. develop, communicate and evaluate alternative ways of dealing with shipping problems.

D. Performance and practice

  1. work effectively with multiple teams
  2. develop an ability to make use of shipping concepts, ideas, collected data
  3. use data analysis and modeling to take information about the market equilibrium, market trends, and company performance
  4. develop the willingness to take responsibilities and decisions in complex and unpredictable shipping situations
  5. apply effective plans and proposals, tailored to the needs of the shipping business
  6. map key performance indicators creating processes based on competitiveness

E. Personal and enabling skills

  1. plan, prioritize and organize time
  2. develop an ability to work effectively as a leader or member of a team
  3. collect, interpret and analyze data
  4. use the appropriate learning resources
  5. use application software for data analysis
  6. manage change and innovation in the workplace

Course Structure

Eight (8) academic core modules, four (4) out of eight (8) elective modules and either an 8 weeks internship in a shipping company or a Research Dissertation plus the mandatory attendance of a set of four two days’ courses offered by a Classification Society that may lead to certification compose the MSc in Shipping Management.

Each core module of the twelve has 5 ECTS academic credits and the Research Dissertation or the internship has 15 ECTS Credits. The overall 75 ECTS credits lead to the award of the MSc in Shipping Management. Participants may enroll either as a full time (12 months) or part-time (24 months). Part-timers may choose any of the courses offered every semester to the full-time students provided that they will complete the full set within 24 months from registration.

Courses take place three times a week (usually Monday- Wednesday- Friday)  in the evening (18.00-21.00) and each term lasts eight weeks.


Courses Description

CORE MODULES C / O CREDITS
SEMESTER 1    
Stage One: 1 Oct – 30 Nov    
Maritime Economics CORE 5
Principles of Management CORE 5
Financial Accounting CORE 5
Stage 2: 8 Dec – 21 Feb    
Management of Shipping Enterprises CORE 5
Chartering CORE 5
Marine Insurance CORE 5
SEMESTER 2    
Stage 3: 1 Mar – 15 May    
CORE MODULES
Shipping Financial Management CORE 5
Maritime Law CORE 5
ELECTIVE MODULES (choose 4 out of 8)
Special Application Of Maritime Information Systems (Danaos) ELECTIVE 5
Shipping Accounting ELECTIVE 5
Shipping Operations ELECTIVE 5
Negotiations & Claims Handling ELECTIVE 5
Maritime Information Systems ELECTIVE 5
Quality Management in Maritime Operations ELECTIVE 5
Port and Terminal Management ELECTIVE 5
Management of Marine Resources and Blue Growth ELECTIVE 5
Stage 4: 1 Jun – 30 Sep    
 Dissertation (1 June – 30 Sept) or Internship CORE 15

MSc: 75 ECTS credits.


Module Titles & Aims

Maritime Economics

The module aims to enhance student’s ability to apply economic theory on the shipping sector in order to evaluate market equilibrium shifts. The critical evaluation of the parameters affecting supply and demand will provide students with the necessary tools to critically evaluate the shipping economic environment and apply timely and rational decisions with regard to chartering, managing and investment strategy. The identification of the shipping cycle market stage consists of an important part of the Module.

Financial Accounting

The aim of the module is to prepare students to apply accounting principles and prepare financial statement reports that provide information about a firm’s performance to external parties such as investors, creditors, and tax authorities. In addition, the module familiarizes students with the specialized accounting handling of the Masters General Accounts.

Maritime Law

The module aims to familiarize students with the legal issues related to the maritime industry with a specific focus on the basic principles of English contract law and the law of international trade.

Management of Shipping Enterprises

The module aims to enhance the analytical abilities of students in order to apply management and organizational techniques in shipping companies. Management theories are critically presented with special emphasis on the applicability of management functions in the particular context of a shipping company. The peculiarities deriving from the very nature of shipping services and their implication on the organization and operations of shipping companies are critically addressed in such a way as to urge students to apply theoretical knowledge into viable managerial actions.

Chartering

The module aims to develop knowledge of the chartering procedures (dry & wet cargo), taking into consideration all parties involved in the brokerage process. The module focuses on the following items: parties involved; market reports; freight indices; voyage estimation; offers & counteroffers; details required to be included in offers; negotiations; charter party types and common clauses.

Shipping Financial Management

The purpose of the module is to enable students to recognize the most suitable way of finance. It provides them with the ability to approach the proposed financing activities of major financial institutions and concentrate on all important factors that may influence the monitoring process of required financing from the moment that an investor requires financing up to the moment of its paid back. Moreover, students should also be able to analyze and assess risk, volatility and risk exposure and at the same time to develop the ability to utilize all current highly sophisticated financial products to control risk.

Marine Insurance

This module intends to give students, a systematic understanding of particular topics of Marine Insurance. Special emphasis is given to the analysis of the Institute Hull, Cargo and Freight clauses and to the particular problems of interpretation to which these clauses have given rise in their everyday application. Moreover, students will deal with particular (total and partial) and General Average and related measure of indemnity. The students by the end of the module will know-how Institute Clauses and York-Antwerp Rules work in practice and will be able to deal in a satisfactory manner with legal issues arising from their application. The module puts particular focus to provide knowledge that allows solving legal problems arising in practice.

Shipping Operations

The aim of this module is to give the students the knowledge and understanding of the management functions and introduce them to key ideas and practices of management, along with the vital concepts and techniques necessary for the efficient operation of a shipping company. Moreover, this module aims is to provide students of overall knowledge of cargo properties with particular focus on the main cargoes transported by sea. Every different kind of cargo has its own way of package, storage, care during the sea voyage, the loading and discharging method, the different equipment to handle safely, stow the cargoes succeeding a good quick turn round and port speed.

Negotiations and Claims Handling

Shipping companies are faced with having to deal not only with a great variety of different types of claims but also with a great number of different jurisdictions where legislation and custom can vary a great deal. For those reasons alone, there can never be an “all-in” formula for dealing with claims but there are things that can be done both to safeguard one’s own position. The module comprises extensive cases and examples and has been tailored to the shipping industry to reflect typical areas that they might negotiate in. This will provide them with their own personal awareness, relevance and provide them with the experience and challenges in translating Negotiation theory into reality.

Dissertation or Internship

The dissertation is designed to provide an opportunity for students to undertake a substantial piece of research in the subject area of Shipping. The research is intended to build on the taught modules of the award and is underpinned by the Research Methods module. In this module (only for those opt for dissertation) a set of four specialized seminars by a classification society leading to certification (if successfully sit to the exams) is scheduled. Students alternatively may choose to intern at shipping companies for a period of 8 weeks.