This course introduces students to the fundamental economic principles that shape global shipping and international trade. It provides an understanding of how goods move around the world, the role of maritime transport in the global economy, and the economic forces that influence the shipping industry.
Students will explore the structure and functioning of world trade, including trade flows, shipping demand, and the relationship between economic activity and maritime transport. The course examines how freight markets operate, offering insight into the mechanisms and operating principles of freight rates, market cycles, and the interaction between supply and demand in different shipping sectors.