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MSc in International Trade and Shipping Management

For centuries, international shipping has been critical to the development of world trade. The inter-relationships between falling transportation costs, economic growth and globalisation are in continual motion as supply chain networks ceaselessly evolve. These elements: shipping, trading patterns and organization are the fundamentals of the programme while the legal, financial, and managerial aspects of trade and transport form the superstructure.

The course delivers a comprehensive integrated overview of the core subjects essential to a thorough understanding of international trade and transport. Specifically, the course aims to develop the generic business skills required by managers working in the area of international trade and maritime business; develop critical analytical skills and apply them to the challenges they continually meet.

Specific Goals

To provide students with a comprehensive knowledge and understanding of the structures, processes and institutional practices of trade and shipping in the global market place.

To develop an elite corps of professionals capable of developing, implementing, and promoting policies and programmes relevant to the always-demanding challenges of international trade and shipping management.

To provide appropriate knowledge and critical skills for students wanting to progress to study for a research degree (MPhil, PhD etc.).

Course contents

The first semester modules include: International Trade and Shipping Management International Maritime Law and Carriage of Goods Logistics and Supply Chain Management Global Transportation Systems and Policies

 The second semester consists of modules in: Ship Management Research Methods

and two modules from the following: Commodity Trade Commercial Management of Ships Banking and Finance Economics of International Trade

DissertationThe award of the MSc is made upon successful completion of a 12,000-15,000 word dissertation. This is a substantial individual project-based dissertation into a topic of your choice (subject to approval), working under the supervision of a member of the course team. The project can be either a piece of original empirical research, or an analytical synthesis and critique of previously published work.

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The Programme offers students the opportunity to specialise in one of four areas: Trade and Logistics, Ship Management, Financial Management, and Transport Operations. Specifically, the choice of a Dissertation topic will lead each student to specialize and be awarded one of our four named Titles:

. MSc International Trade and Shipping Management (Trade and Logistics)

. MSc International Trade and Shipping Management (Ship Management)

. MSc International Trade and Shipping Management (Financial Management)

. MSc International Trade and Shipping Management (International Transportation)

AssessmentYou are assessed using a range of methods: examinations, essays, seminars and project presentations, as well as through the finished dissertation.

Admission Requirements

For the MSc in International Trade and Transport the guidelines for admission are as follows:

A good degree (GPA 2.75 out of 4 or better) (this translates into 69 or 70 out of 100) in any relevant subject such as international trade, maritime studies, business, economics, finance.

A good degree (GPA 2.75 or better) in any subject plus two years work experience in trade, transport, shipping or logistics.

Or A professional qualification such as Membership of the Institute of Chartered Shipbrokers, the

Chartered Institute of Logistics and Transport, The Institute of Export or the Institute of Freight Forwarders, Master Mariner’s or Chief Engineer’s Certificate of Competency. (This will only apply where the requirements for membership includes relevant business experience)

Or Such other combination of qualifications and industrial experience as the Admissions Team may

consider appropriate.

Students whose first language is not English must demonstrate sufficient fluency in both written and spoken English. The minimum requirement is one the following:

IELTS 6.0 with at least 5.5 in each component TOEFL (old examination) 600 minimum TOEFL (new examination) 250 minimum

Alternatively, students will need to pass a Frederick University Placement Test including an interview.

Career Opportunities

The interdisciplinary nature of the programme prepares students as future professionals who can function effectively in the complex business environment of the global marketplace. The diversity of supporting activities within the highly dynamic trade and maritime industry and its various sectors, consisting of many hundreds of large, medium and small firms, makes this choice possible. Graduates of this programme will have a variety of career options, including import and export business, ship management, underwriting, freight forwarding, logistics, port agency, trade and ship finance, maritime regulation as well as a variety of other administrative posts in the private and public sectors.

Significant recent developments in the business and energy sectors in Cyprus make this Programme of studies especially relevant. The island is fast becoming a new European hub for imports and re-exports activities linking Europe with the Far East in ways previously unexplored. At the same time the energy sector in Cyprus is also developing rapidly. Graduates of this Programme will be positioned favourably in the local labour market for the newly created employment opportunities.

The programme will be supported by

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Prof. Donner, Anders PatrickPatrick Donner qualified for the bar in Finland in 1977 and served on the bench as deputy judge and acting chief judge of the City Court of Mariehamn for several years in the late 1970’s. Professor Donner served the Sally Shipping group for 12 years, advancing from chief legal counsel and company secretary to deputy managing director with responsibility for the legal affairs of the group, which owned oil tankers and had ferry operations in Scandinavia and the United Kingdom and cruise operations in the Caribbean. After the Sally Group he was managing director for Delfin Cruises Ltd. in Finland, operating cruises in the Baltic, after which he ran his own law and management consultancy firm for a few years. During all this time he taught maritime law (part-time) at the Maritime Academy of Εland and also held numerous non-executive positions on boards of directors of shipping and insurance companies as well as elected public office at local level. Since January 1995 Professor Donner has been at the World Maritime University in Malmo, Sweden, first as Associate Professor in Shipping Management and currently as Associate Academic Dean, teaching international post-graduate students in all commercial aspects of shipping with an emphasis on maritime and commercial law. He is also Programme Director for the Postgraduate Diploma in Marine Insurance course offered by distance learning.

Prof. Philip Rogers BSc (Maritime Studies), PhD (Maritime Transport Economics), Fellow Institute of Chartered Shipbrokers, Fellow Chartered Institute Logistics & TransportPhilip has some 47 years-experience in the commercial shipping industry. After nearly a decade spent at sea serving as a Navigating Officer aboard bulk carriers, tankers, general cargo and fleet replenishment vessels Philip commenced his shore career as a Shipping Economist for a small British Shipowner. After 3 years he moved on to become a Shipping Analyst for leading shipbrokers Clarkson. During that time he sat his professional examinations to become a Chartered Shipbroker winning first prize in the competitive global examinations. Immediately after that he offered his services and taught Shipping Economics for many years later becoming the overall Assessor a position he still holds to this day.Whilst at Clarksons he was headhunted to create the Research Division of the world’s largest independent shipbroker Simpson, Spence & Young where for 15 years he was the Managing Director. Moving to New York in 2000 he was the Content Director for leading dot com MaritimeDirect managing a staff of 70. Returning to the UK in 2001 he was appointed as Global Head of Research for Galbraith’s Shipbrokers and at the same time was appointed as Visiting Professor at Copenhagen Business School later progressing to become Chief Examiner for the Executive MBA programme. Philip joined the world’s largest interdealer broker ICAP in 2008 as Head of Consultancy retiring in 2011 to become Honorary Professor at both Plymouth and London Metropolitan Universities. Philip has been at the cutting edge of Shipping Research for the past 30 years and has spoken at, or chaired, over 100 International Shipping Conferences.

Prof. Harilaos N. Psaraftis Harilaos Psaraftis is Professor of Maritime Transport at the School of Naval Architecture and Marine Engineering (NA&ME) of the National Technical University of Athens (NTUA), Greece. He has a diploma from NTUA (1974), and two M.Sc. degrees (1977) and a Ph.D. (1979) from the Massachusetts Institute of Technology (MIT). He has been a faculty member at MIT from 1979 to 1989. His published work includes two books, over 80 refereed articles, over 70 other publications and over 100 lectures at various conferences. He has also chaired several conferences and conference sessions and clusters on topics such as maritime safety, intermodal transport, ports, vehicle routing, and logistics. In parallel to his academic career, Psaraftis also served as CEO of the Piraeus Port Authority (OLP) from 1996 to 2002, being the 2nd-longest serving CEO in OLP's 81-year history and linking his name

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with the transformation of the port into a corporation and the more than doubling of container traffic due to Piraeus' emergence as a regional hub. He has been a member of the Greek delegation to the IMO (MSC and MEPC) since 2006, has been the coordinator of an MEPC correspondence group on environmental risk evaluation criteria (2007-2010) and a member of the MSC Expert Group on Formal Safety Assessment (2009-2011) and of the MEPC Expert Group on Market Based Measures for Green House Gases (2010). He has been principal investigator in many research projects, both at MIT and NTUA, the most recent of which is EU project SuperGreen on green corridors (2010-2013), of which he is the overall project manager. Since 2002 Psaraftis represents NTUA within the International Association of Ports and Harbors (IAPH), being also a member of IAPH’s Port Operations and Logistics and Port Environment Committees.

Prof. David MenachofDavid Menachof is the Peter Thompson Chair in Port Logistics, based at the Logistics Institute at Hull University Business School. Prof. Menachof received his doctorate from the University of Tennessee, and was the recipient of the Council of Logistics Management's Doctoral Dissertation Award in 1993. In addition, he is a Fulbright Scholar, having spent an academic year in Odessa, Ukraine as part of the grant and is currently on the roster of the Fulbright Senior Specialist Candidates list, as an expert in Logistics and Distribution. He has previously taught at the Cass Business School, City University, London, the University of Charleston, South Carolina, and the University of Plymouth, England. More recently, Prof. Menachof was the recipient of a £500,000 research grant on Cargo Screening sponsored by the UK’s Engineering and Physical Sciences Research Council. Prof. Menachof’s work has been published and presented in journals and conferences around the world. A practiced and well received speaker, David has spoken at many important events such as the APEC STAR IV conference in Lima, Peru, where he delivered the keynote address and chaired the day’s sessions. His current research interests include supply chain security and risk, global supply chain issues, liner shipping and containerisation, and financial techniques applicable to logistics, and attracting talent to the logistics industry.

Prof. Michael Tamvakis, BSc Econ(Athens), MSc(City), PhD(City), Professor of Commodity Economics and Finance, Director, MSc in Energy, Trade & Finance, Cass Business School, City University London Michael Tamvakis trained as an economist at the Athens University of Economics and Business in Greece. He then joined the International Centre for Shipping, Trade and Finance at the (then) City University Business School; first as a student on its MSc programme, and then as a member of its academic staff. He received his PhD from City and is currently Professor of Commodity Economics and Finance at Cass. He lectures in international commodity trade, commodity derivatives, energy economics and shipping economics. His research interests are in the areas of commodity economics, energy derivatives and shipping economics. He has published in academic journals such as Energy Economics, Energy Policy, Journal of Alternative Investments, Journal of Derivatives, Logistics and Transportation Review and Maritime Policy and Management.

Prof. Alec D CoutroubisAlec Coutroubis is a Principal Lecturer and a Teaching Fellow at the University of Greenwich and the Programme Leader for Marine Engineering and Marine Engineering Management. He is also a Visiting Professor of Ship Management at the Athens Laboratory of Business Administration (ALBA) in Greece and Frederick University in Cyprus. He has a Bachelor and a Master’s degree in Chemical Engineering (Imperial College) an MBA from the London Business School and a PhD in Mechanical Engineering. His professional background includes several years of service in the banking industry as a ship financier and over a decade of active ship management in both the dry and wet sectors. He lectures on wide range of topics in the areas of engineering business management, marine engineering and ship management. He is the authors of over 100 articles and papers and a number

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of specialist texts in the areas of Marine Law & Insurance, Commercial Management of Ships, Vessel & Fleet Technical Management etc. He is active in industrial consulting in Maritime London.

Dr. Mervyn Rowlinson BA (Hons) Economics and Politics, M.Phil (Bulk Shipping), PhD (Maritime Business Economics), Associate Member Chartered Institute Logistics & Transport.Mervyn has some 12 years’ experience in the commercial shipping and transport industry, during which time he undertook a range of distance learning courses. After 3 years full time study at Manchester Polytechnic he moved into teaching at Further and Higher Education Level. Thus a teaching and research career commenced stretching over 30 years, including Master’s level at Universities and Colleges in Southampton, London, Copenhagen, Liege and Hamburg.Mervyn has been involved in a number of industrial consultancies and training programmes, including, P&O Ferries, Dover, Sealink, Harwich, Royal Fleet Auxiliary, Portsmouth, Chevron Tankships, San Francisco. Mervyn is currently employed by:

University of Middlesex/Lloyd’s Maritime Academy – MBA Shipping & Logistics; European College of Business Management/Liverpool John Moore’s University – MBA

International Management; Hamburg School of Shipping & Transportation/London Metropolitan University – BSc

Shipping, Trade & Transport/MSc International Shipping & Trade Business; Institute of Commercial Management – Diploma Maritime Economics.

In addition, Mervyn is currently serving as External Examiner, University of Plymouth – MSc Shipping & Logistics programme. Finally, Mervyn has achieved a significant profile in shipping and logistics research and has become a regular maritime expert contributor to BBC TV World Service journals.

Prof. Tony LaneGrowing up by the sea and devouring books about ships and seamen made it inevitable that Tony Lane would leave school as soon as the law allowed and begin a career as a merchant seaman. After nine years at sea and broadening interests, he exchanged his second mates job on Esso Tankers UK for a scholarship to study economics and political science at Ruskin College, Oxford and then, with a State Scholarship, to study generic social science at Liverpool University. He graduated with a first class honours degree in social science in 1968, when he was 31. He immediately embarked on an academic career, specialising in industrial relations, the political economy of world shipping and maritime social and political history. Between 1997-2003, he was Director of Cardiff University’s Seafarers’ International Research Centre where, for the first time, a large programme of research focused on the world of the seafarer was initiated. In his thirty five year academic career he has written six books and published numerous contributions to scholarly journals, magazines and newspapers. He has also appeared in many contributions to television and radio documentary and news programmes around the world. In his retirement he promotes demanding high-level academic education for the future senior managers of the various institutions of world shipping and is writing his magnum opus, Seafarers, Shipowners and the State, 1850-2000.