The module starts with the definition and main aspects of strategic planning within Commercial Shipping Management and the necessity of assessing both the External and Internal environment of a Shipping Company. Particular focus is provided in the Management of Resources and the Human Element. Emphasis is placed upon the practical elements of ship operations. Furthermore, students will analyse the modern shipping management best practices such as Engagement and Resilience, Management of Change and Risk Management. Finally, the module will discuss the importance of performance monitoring and management applied in shipping via a balanced scorecard approach of Safety-Efficiency-Financial Performance. ESG (Environment, Social, Governance) principles are applied to a shipping business within a management system approach incorporating industry best practices guidelines with a clear emphasis on the Environmental pillar in accordance with IMO 2050 targets.
