Training Course
Shipping and Logistics Business of
Subject Description Form
1. Subject Title Maritime Economics and Shipping Markets
2. Role and Purposes The central role of shipping offers sea transport to facilitate global trade and promote economic development. It is widely agreed that shipping industry is an integral part of the international trading and economic systems, and it functions us to facilitate international trade through connecting the sources of supply and demand for commodities. This Chapter is designed to cover the fundamental knowledge and provide an insight on the operation and structure of the shipping industry by: providing the basic understanding of how shipping industry is closely related to global trade and economic development from the maritime economics perspectives. reviewing how the sea transport system is operated under the tramp and liner shipping markets. examining the four basic shipping markets in terms of the freight market, the sale and purchase market, the newbuilding market, and the demolition market. walking through the typical shipping market cycle.
3. Subject Synopsis/ Indicative Syllabus Relationship of shipping with microeconomics and macroeconomics The sea transport system (or the economic model of sea transport) The four shipping market The shipping market cycle
4. Reading List and References (if any) Grammenos, C. T. (2010). The handbook of maritime economics and business. 2nd Edition, London, UK: Llyod’s List.
Training Course Shipping and Logistics Business of
Subject Description Form
1. Subject Title Marine Insurance in Shipping and Transport Logistics
2. Role and Purposes The objective of the module is to facilitate students in introducing the practical legal knowledge in marine insurance law and guide them to understand the legal methods to resolve legal problems of risk management in shipping and transport logistics.
3. Subject Synopsis/ Indicative Syllabus • Understand the importance of risk management in shipping and transport logistics, • Apply the insurance law in Hong Kong, the UK Institute Clauses, the law in relation to cargo insurance, hull and machinery insurance and protection and indemnity insurance, • Analyse legal cases and interpret legislations and legal documents, • Discuss how to solve real legal issues by applying the legal method and conducting legal researches.
4. Reading List and References • Rose, F. D. (Francis D.) (2012), Marine insurance : law and practice, 2nd Ed., Informa. • Hazelwood, S.J. and Semark, D. (2010), P & I Clubs: Law and Practice, 5th ed., London: Lloyd’s List Group. • Merkin, R. and Barlow Lyde & Gilbert (2010), Marine Insurance Legislation, 4th ed., London: Lloyd’s List Group. • Thomas, D.R. (2009), The Modern Law of Marine Insurance, London, Hong Kong: LLP. Recommended periodicals, newspapers • Lloyd’s Law Report • Lloyd's Maritime and Commercial Law Quarterly • Journal of International Maritime Law • Journal of Maritime Law and Commerce
Training Course
Business of Shipping and Logistics
Subject Description Form
1. Subject Title Sales and Marketing in Container Shipping
2. Role and Purposes The liner industry facilitates international trade and promotes global economic development. It connects the worldwide sources of supply from original and the demand at destination. This course is designed to discover the fundamental sales and marketing and operation knowledge as well as insight in container shipping. Providing the basic understanding of liner industry history development Reviewing how the liner shipping system is operating under the global supply chain Studying the business and operation impact under (Ultra Large Container Vessel) ULCV deployment Evaluating the result of different marketing and sales strategies under ULCV environment Business Simulation
3. Subject Synopsis/ Indicative Syllabus
The fundamental of liner Shipping sales and operation strategy Liner history Deployment planning Cost Analysis Liner Sales and Marketing Strategy Business Simulation
4. Reading List and References (if any)
Containerisation International International Journal of Shipping and Logistics Maritime Policy and Management Lu, C.S. and Wang, Y. H. (2010), International Logistics and Supply Chain Management, 2nd Edition, Tsang Hai Book Publishing Co., ISBN 978‐986‐6507‐70‐0, Taiwan Stopford, Martin (2009), Maritime Economics, 3rd Edition, Routledge, New York, USA
Training Course
Shipping and Logistics Business of
Subject Description Form
1. Subject Title Global Sourcing and Supply Management
2. Role and Purposes This subject examines basic global sourcing decisions and development of supply network of firms in their integration of global values in a rapidly changing business environment.
3. Subject Synopsis/ Indicative Syllabus
Global business environments and global strategies of firms Global competitiveness of firms, industries and nations International purchasing and public purchasing Foreign exchange risks in global sourcing and supply Development of global supply chains and sourcing strategies of firms Supplier development in foreign markets Global logistics management for related supply Integration of international value‐chain functions Global sourcing for effective supply chain management Best practices of global sourcing and supply management
4. Reading List and References (if any)
“World Class Supply Management, the key to supply chain management”, by David N. Burt, Donald W. Dobler, Stephen L., Starling, 2004. “Purchasing & Supply Chain Management”, by Arjan J. Van Weele, 2010. “Outsourcing and Offshoring of Professional Services” by Amar Gupta 2008. “Supply Chain Logistics Management” by Donald J. Bowersox et al., 2010. “Operations & Supply Management” by F. Robert Jacobs et al., 2009. “Strategic Sourcing, From Periphery to the Core “ by Mark Gottfredson, Rudy Puryear, and Stephen Philips, HBR February, 2005. “The Future of Purchasing and Supply Management” by Giovanni Atti, 2010. “Motorola Semi. Products, A/P: Improving the Distribution Channel” by Stephen Ng, 2005. “Management, Leading & Collaborating in the Competitive World” by Bateman, Thomas, S., Snell, Scott, A, (2009).
Training Course
Shipping and Logistics Business of
Subject Description Form 1. Subject Title Carriage of Goods by Sea Law
2. Role and Purposes A brief introduction of the carriage of goods by sea law in Hong Kong
3. Subject Synopsis/ Indicative Syllabus Shipping documents; Use of bills of lading and charterparties, Hague‐Visby Rules, Bills of Lading and Analogous Shipping Documents Ordinance, Carriage of Goods by Sea Ordinance
4. Reading List and References (if any) John F Wilson, Carriage of Goods by Sea, (7th ed, 2010) Pearson. Felix Chan, Jimmy Ng & Bobby Wong, Shipping and Logistics Law: Principles and Practice in HK, (2002) HK University Press.
Training Course
Shipping and Logistics Business of
Subject Description Form
1. Subject Title Shipping Revenue and Costs
2. Role and Purposes In general, shipping practitioners are expected to understand and comprehend how to review and assess financial performance of a ship (or the company holding the ship) and to make investment decision based on shipping accounts, and the structure of shipping revenue and costs. This Chapter intends to cover the following salient topics of shipping accounts by: explaining how shipping accounts, including income statement, balance sheet and cashflow statement, are considered as the basic framework for making financial performance appraisal and investment decisions for the shipping industry. reviewing the major elements of shipping revenue, and how shipping companies maximize their revenue. examining the major categories of the costs of running ship, and how these costs can be reduced or minimized.
3. Subject Synopsis/ Indicative Syllabus Shipping accounts – the framework for decisions Revenue the ship earns and how to maximize ship revenue Costs of running a ship
4. Reading List and References (if any) Students are recommended to obtain basic understanding and knowledge about the principles of financial accounts.
Training Course Shipping and Logistics Business of
Subject Description Form 1. Subject Title: Container Ports and Cargo Management
2. Role and Purposes After this class, student would have understanding the business of container terminal and its role in the global supply chain.
3. Subject Synopsis/ Indicative Syllabus 1. Background of Container Port a. Business of Container Terminal in global supply chain. b. History, current situation and recent development of HK Port. c. China Ports and relationship to the country economic development. 2. Operations of container ports a. Container terminal operation overview and key concept of operation b. Functional units in container terminal operation c. Concept and terminology including operation cycle, terminal facilities & supportive infrastructure d. Container types & container handling equipment e. Trend of vessel size and impact to container terminal 3. Port Marketing & Economics a. Overview on industrial trends and market sector b. Demand forecast and capacity development c. Investment planning – economical appraisal of port investment 4. Port Development, Management & Challenges a. Business trend and operational issues in Hong Kong b. Competitive environment with neighboring ports c. Productivity and cost issue d. Green initiatives 5. Port Development Cycle Overview a. Development of new container terminal – case study
4. Reading List and References (if any)
Training Course
Shipping and Logistics Business of
Subject Description Form
1. Subject Title Finance for Shipping
2. Role and Purposes There is no doubt that shipping finance plays a significant role in the shipping industry and is considered as having corporate, strategic and operational importance to the success of shipping companies. Among the core sources of shipping finance, the banking finance is regarded as the major and most important source of shipping finance due to its relative advantages over other sources of shipping finance. In addition, it is obviously noted that the amount and the number of transactions under bank shipping finance are on the rising trend in the past few decades. In this Chapter, we discuss the important knowledge of the core sources of shipping finance and bank shipping finance by: providing the fundamental understanding of how the global financial system is managed to provide the main sources of funds to the shipping industry. examining the core sources and methods of raising shipping finance. reviewing the structure and operations of bank shipping finance.
3. Subject Synopsis/ Indicative Syllabus Brief history of shipping finance World financial system for shipping finance (sources of funds for shipping finance) Main methods of raising shipping finance Details of bank shipping finance
4. Reading List and References (if any) Harwood, S. (2006). Shipping Finance. 3rd Edition, London, UK: Euromoney Books. Mayer, B. JSM (2011). Guide to shipping finance in Hong Kong.