1. Name of the Course课程名称
Chinese Name:航运投资类型与战略
English Name: Shipping Investment Patterns and Strategies
2. Overview of the Course课程概况
Category课程类别：Major Optional Courses Class hours学时数：32 Credit学分数：2
Profession适用专业：Transportation Planning and Management Semester开课学期：The 2nd Semester
College开课单位：College of Transport and Communications
3. The Writer大纲编写人：Visiting Professor
4. The Objective and Requirement of the Course教学目的及要求
The module aims at:
• Providing a deep understanding of the general economic and market context within which the shipping investment decision is taken.
• Analysing the sources of uncertainty when investing in shipping
• Examining the different investment constraints in the various shipping segments
• Discussing investment challenges in cyclical markets
• Identifying patterns in shipping investment and expectations
• Classifying risk related to investment in shipping
• Discussing investment strategy on the basis of historic case studies
• Learning Outcomes:
By the end of the module, students should be able to:
• Analyse the constraints of shipping investment in a volatile environment
• Identify sources of risk related to shipping investment
• Have a thorough understanding of the validity of past strategies and be able to evaluate present and future challenges
5. Main Content of the Course and Pre-course课程主要内容及先修课程
Chapter 1: Challenges for shipping investment: An introduction
Chapter 2: Different markets - Different shipping investment constraints
Chapter 3: Market cyclicality and shipping investment
Chapter 4: Shipping investment patterns and investor expectations
Chapter 5: Increased uncertainty and shipping investment challenges
Chapter 6: Case studies: A historic review of shipping investment strategies
6. Teaching Methods课程教学方法
· Classroom activities: Class teaching 80% class discussions and case study 20 %
· Out of class activities: assigned and supplementary readings 70% - preparation of case studies 30%.
7. Methods of Examination课程考核方式
Assessment Methods | Weighting % | Notes | |
1 | Writing Test | 80% | Research topics will be discussed in class |
2 | Presentations of case material and participation in class discussion | 20% | During case discussion, individual students make presentations and participate in class discussion. |
8. Textbook课程使用教材
（1）Thanopoulou, H.A. (2010). Investing in Twenty-First Century Shipping: An Essay on Perennial Constraints, Risks and Great Expectations. Chapter 23 in C. Grammenos (Ed.), The Handbook of Maritime Economics and Business, 659-682. 2nd edition. London: Informa.
（2）Haralambides, H. E., & Thanopoulou, H. (2014). The Economic Crisis of 2008 and World Shipping: Unheeded Warnings. SPOUDAI-Journal of Economics and Business, 64(2), 5-13.
9. Main References课程主要参考资料
（1）Stopford, M. (2009). Maritime Economics. 3rd edition. London: Routledge.
（2）Thanopoulou, H. A. (1998). What price the flag? The terms of competitiveness in shipping. Marine Policy, 22(4), 359-374.