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| code: | A4308 | studiebelasting: | 3 sp | periode: | sem. 2 | ||
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| naam: | Shipping and port finance and investment appraisal | ||||||
| internet: | rooster | ||||||
| opleiding/fase: | econ/d23/profiel | ||||||
| voertaal: | English | ||||||
| docent(en): | prof.dr. H. Haralambides, drs. S.D. Tsolakis | ||||||
| contactpersoon: | drs. S.D. Tsolakis | ||||||
| secretariaat: | RHV/MarEc | ||||||
| aanmelding: | students should apply with the International Relations Office (room H10-26 tel +31 10 4082532) or with the MSc in Maritime Economics and Logistics secretary (room H12-11 tel +31 10 4081490) | ||||||
| toelatingseisen: | students of economics and business administration | ||||||
| aanbevolen: | - | ||||||
| onderwijsvorm: | writing an essay | ||||||
| tentamenvorm: | written examination | ||||||
| tentamenperiode: | mei/juni | ||||||
| tentameneisen: | - | ||||||
| tentamenstof: | - | ||||||
It is hoped that at the end of the lectures the student interested in a career in Shipping and Ports Management and finance will be at least able to develop and appraise a relatively simple marine project by himself and choose between alternative, risky projects. In addition, those interested in Maritime Administration will be able to understand and critically evaluate a technical or economic report on the matter, thus making the right decision whenever this is the case.
The overall group of lectures is intended to introduce the student to the techniques of developing and evaluating capital investment projects in the maritime sector. Due to the nature of shipping itself, being a volatile and unstable industry, considerable emphasis is given to the techniques of investment appraisal under risky and uncertain situations.
The advent and widespread use of financial computer software has greatly facilitated the appraisal of marine capital investment in recent times. Computer simulation, sensitivity analysis and econometric forecasting have become every day routine not only to the financial institutions providing credit but also to every shipping company or port authority that seriously considers the problem of efficient expansion and/or long term, strategic decision-making.
Within this context, students will also be introduced to some of the techniques used by the International Bank for Reconstruction and Development (World Bank) for the evaluation of applications for port construction/expansion financing, as well as to the economic appraisal methods used by the major commercial banks for the evaluation of loan applications for newbuilding or second-hand ship acquisitions.
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