- Overview – The major written project will challenge each student in analyzing, comparing, contrasting and evaluating positioning, strategy and prospects for a shipping business sector / segment / type of company selected by the instructor. The student’s personal interpretation of the prevailing conditions, recommendations and well founded assumptions about the future prospects are –even if not specifically asked- welcome and should also be offered. The topic to be developed is the following;
“Thoroughly examine the structure of the shipbuilding industry, identify the trends and evaluate the current conditions and future prospects”.
2. Learning Outcomes — Successful completion of this project will contribute to the student’s proficiency in the following learning outcomes:
- Discuss the differences between liner and tramp shipping and their effects on company structure and administration
- Solve problems arising in shipping practice
- Explain the market dynamics affecting the freight rate mechanism
- Explain the mechanism leading to the creation of shipping cycles, formulate scenarios about the future development of the market and recommend management actions
- Assess the financial performance, including strategic and operational decisions, affecting the results of shipping companies
- Integrate all the above in an internationally competitive context operating in conformity with the existing framework on marine environment
3. Content – The following content is suggested for the analysis of the
topic in question. You must, of course, use you own good judgment, also, as the content and material should be presented in a way that is most clear and helpful to the reader/decision maker. Please remember that the following are suggestions, but you are not limited to them. Your work should be robust.
- Framework and structure: market identification, historical background, services rendered, specialization, major players (leading countries and yards), role of governments.
- Market analysis and trends: market size and value, orderbook and values/prices for different vessel types / market segments. Relationship of these trends with theories concerning newbuilding prices, the mechanism of freight rates, shipping cycles (application of theories to explain the trends).
· Current conditions: Assess the current phase of the shipping & shipbuilding cycle. Address the challenges faced and the industry’s reaction. Question the impact of market developments associated with financing/refinancing, new order placement, shipyard capacity utilization, cancellations, restructuring of deals.
- Future prospects: after thorough evaluation and in the light of the shipbuilding sector’s current context and challenges, examine the prospects and likely future developments.
4. Format – Each student will prepare the major written project using the following required format:
- Title page – include the title of the project, (no name should be included on the project title page or anywhere else in the project), the course number and name, the project due date, and the instructor’s name
- Table of Contents – identifies the sections in the written project and the associated page number for each section; a table of contents with no page numbers is not useful
- Introduction – includes a brief statement of what you intend to accomplish in the project, and a summary of what follows in main body
- Main Body – see minimum content requirements above; the main body should at least address all of those issues identified in the content described in section 3 above
- Conclusion – includes a brief statement of what you have accomplished through your discussion in the main body of the project
- References – identifies the academic sources and other published information which you have used; please refrain from using Wikipedia and other wiki sources, as generally, they are not considered to be academic sources
- Graphics and Visual Aids – use visual aids and graphics appropriately and effectively within your text
- Attachments – includes written material, visual aids and graphics that you choose not to place in the main text but that is necessary for the reader
- Appendix – includes related material not deemed necessary to be in the main text
- Folder – Place the project in a folder of your choice; it should not be submitted only with the pages stapled or clipped together in the upper left corner
9. Originality and Authenticity – The rules of academic ethics apply when undertaking this major written project, including the requirements that the student undertakes the major written project without improper or unauthorized assistance from anyone. If it is determined that the project is not done individually and solely by the student, the instructor may grade the major written project as an F.
10.Turnitin – Each student must submit electronically the major written project to Turnitin prior to submitting it to the academic staff.
If you have any questions, please ask.
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