Executive Maritime Management

EXECUTIVE MARITIME MANAGEMENT POSTGRADUATE DIPLOMA (PGDIP)

Managers in today’s extremely competitive maritime industry need to cope with continuous technical, regulatory and commercial development. They must be able to anticipate future opportunities and act proactively, armed with up-to-date skills and comprehensive knowledge if they want to retain their competitive edge. This programme, first offered in 2015, has been designed to provide a “boot camp” for managers. It is continuously updated to address issues of critical importance in the maritime industry across its operational, technical and commercial aspects.

The programme is delivered in association with DNV GL, the world’s largest ship and offshore classification society. DNV GL’s Maritime Academy provides an extensive portfolio of training courses for the maritime industry. With their global network they are able to exploit best practices and offer comprehensive training programmes.

PROGRAMME DETAILS

The programme carries 40 European Credits, and can be completed in 11 months, with the Graduation Ceremony at WMU in Malmö held in November 2021. It is comprised of five modules.

MODULE 1: Fundamental Maritime Economics and Contemporary Maritime

(20 Sept 2021 - 14 Nov 2021)

This module examines the fundamental issues and current challenges associated with the economic, legal and regulatory environment in the shipping sector. You will discuss the principles and trends in maritime markets and gain an understanding of maritime corporate and economic driving forces.

This module will address the legal framework of maritime transport. You will have presentations on maritime conventions and the new regulatory development in the shipping sector. The module will also introduce the private maritime law including, basic legal thinking and methodology, the legal notion of ship registration, fundamental principles in the carriage of goods by sea, the structure of a ship sale & purchase transaction, the exercise of ship security rights, principles of marine insurance and other main legal aspects of shipping.

Learning outcomes
By the end of the module, you should be able to:

  • Explain the fundamental relations between economy, trade and maritime transport
  • Analyze the challenges and trends in maritime markets
  • Give economic explanations to some major challenges in shipping
  • Demonstrate a satisfactory knowledge of the fundamental elements of legal thinking and methodology
  • Understand the doctrine of judicial precedent
  • Identify and discuss the basic principles of maritime law within the wider context of the law and legal systems;
  • Realize the significance of ship registration for the exercise of shipping activity and appreciate the existence of fraudulent registration and related practices
  • Identify the various types of sea carriage contracts, whether evidenced in charter parties or bills of lading
  • Understand the functions of a Bill of lading and the Carrier’s liability for cargo in maritime transport. Understand the mechanism of limitation of liability and how it relates to the special regimes of liability limitation (e.g. HVR)
  • Understand the basic structure of a ship sale and the rights stemming from it in favour of the seller and buyer. This includes a fundamental understanding of the sale and purchase transactions.  
  • Realize the significance of security rights on a ship. Understand the function and exercise of a maritime lien in contrast to the exercise of mortgage rights. Identify the legal consequences of the exercise of security rights in a judicial sale
  • Describe the concepts of risk and loss, insurability of risk and scope of cover in the common types of insurance in maritime transport
  • Identify the basic legal duties in ship management

Course outline

  • Economic globalization and shipping
  • Shipping market
  • Maritime cost
  • Ports and their impact on shipping
  • Maritime freight market
  • Economics of marine environment protection
  • Introduction to Legal Thinking &Methodology I + II
  • Basic Principles of Law I + II
  • Ship Registration I + II
  • Introduction to Sea Carriage
  • Carriage of Goods by Sea I + II + III + IV
  • Ship Sale & Purchase
  • Ship Security Rights I + II
  • Principles of Marine Insurance
  • Ship Management - Legal Perspective

MODULE 2: Shipping Market and Financial Management

(29 Nov 2021 - 23 Jan 2022)

This module presents an overview of the shipping markets and their unique characteristics, examines the challenges and issues in the current maritime sector, in terms of the financial management and investment appraisal, the availability of bank finance and bank credit analysis, as well as the alternative sources of ship finance, including Asian financing, Export Credit Agencies, private and public equity, high-yield bond markets, leasing and mezzanine ship finance. Advanced knowledge of shipping financial management and the impact of economic variables on shipping business organizations’ financial operations are analyzed. Finally, the module concludes by providing various business and financial risks associated with any shipping company and developing several risk management solutions to achieve economic sustainability. You will receive in-depth training through several hands-on exercises and case studies to enable you to develop, appraise, negotiate, and select alternative shipping projects.

Learning outcomes
By the end of the module, you should be able to:

  • Understand the fundamentals of the shipping markets
  • Have an overview of the various maritime database for real-time market information
  • Appraise the ship finance sector in terms of markets, participants, sources of ship finance, current trends and future challenges
  • Implement financial analysis for investment in the shipping industry
  • Analyze the cost of capital and the capital structure of maritime organizations
  • Develop a deep understanding of shipping bank processes when extending a shipping loan facility
  • Evaluate alternative sources of capital for shipping projects
  • Evaluate the appropriateness of private and public equity and high-yield bonds
  • Identify business and financial risks for a shipping company
  • Develop financial risk management solutions to improve the company’s performance

Course outline

  • Shipping markets and data: cyclicality, timing and forecasting
  • Capital budgeting and investment appraisal
  • Cost of capital and capital structure in shipping
  • Financial analysis of a shipping project
  • Bank shipping loans and bank syndication
  • Bank credit policy and analysis
  • Bank loan monitoring, legal considerations and workouts
  • Issuance of a shipping bank loan
  • Alternative sources of ship financing (public and private equity and debt, leasing, etc.)
  • Derivative and Risk Management

MODULE 3: Management, Organizational Behaviour and Leadership

(31 Jan 2022 - 27 Mar 2022)

The maritime industry at all levels is, on the one hand, operated and managed by people within the context of organizations. On the other hand, it also affects people, either adversely or beneficially, whether they are internal or external to maritime organizations (public or private). In this module you will gain a fundamental understanding of the nature of organizations and the processes inherent in them as they relate to individuals and groups.The module will also increase learners’ appreciation of the significance of management and leadership in organizations when organizational effectiveness, sustainability and productivity are in view. Trends and issues related to maritime labour within the broad context of human resource management are addressed. Additionally, a discussion of the importance of ethics and corporate social responsibility in contemporary maritime affairs is carried out. The module is intended to give you a well-grounded appreciation of the need to manage people optimally and the understanding and evaluative skills to do so.

Learning outcomes
By the end of the module, you should be able to:

  • Evaluate the merits/demerits of different theoretical approaches to management and leadership
  • Explain the functions of management and their diversity of expression in different kinds of organizations
  • Evaluate processes for the optimization of individual behaviour and teamwork in an organizational setting
  • Identify and apply various models of change management and change leadership to organizations in transition
  • Explain why organizations need to learn and how this can be optimally done
  • Discuss the application of the concept of corporate social responsibility in the maritime industry
  • Explain diverse principles of human resource management and apply them to labour challenges in the maritime industry

Course outline

  • Principles of Management
  • The evolution of management theory
  • Functions of management
  • Organizational Behaviours and HRM
  • HR Management Principles, policies, procedures and systems
  • Ethics and corporate social responsibility
  • Leadership concepts and Applications

MODULE 4: Safe Shipping – Safety and Technology

(4 Apr 2022 -29 May 2022)

Maritime Technology(Safer & Smarter)

This module explores two fundamental aspects of the modern maritime domain: safety in shipping and the digital transformation. You will learn about various safety and security challenges, how to identify them and how to manage risk. From port state control to piracy and cyber-security, you can expect to be well versed in key issues faced by maritime regulators and maritime industry around the world. The second half of the module looks at assorted aspects of the digital transformation of the maritime world, to understand capabilities and limitations, opportunities and threats of key technologies, from A.I. to autonomous shipping, from Digital Twins to Virtual Reality. This module will hone your personal and corporate skills, and significantly improve your maritime industry credentials.

Learning outcomes
By the end of the module, you should be able to:

  • Identify key safety and security issues relevant to the maritime domain
  • Understand the role of IMO conventions, codes and instruments in mitigating the risk of safety and security challenges
  • Appreciate the core concepts of accident investigations
  • Realise importance and concepts of cyber security at sea and on shore
  • Understand capabilities and limits of A.I. technologies for maritime applications
  • Understand capabilities and limits of Digital Twin technology
  • Understand capabilities and limits of Virtual/Augmented Reality
  • Understand capabilities and limits of autonomous ship technology

Course outline

  • Sea, shipping, ships and safety
  • OHS Introduction to MLC, ISM and ISPS
  • Risk Assessment in ISM Context
  • Risk Management and Risk Assessment Methods
  • ISPS Code as an Instrument for Managing and Controlling Risk
  • Risk Management in the IMO
  • Maritime Cyber Security
  • Accident investigation in the maritime industry
  • Artificial Intelligence
  • Digital Twins
  • Cyberships
  • Digital Twins
  • Virtual Reality

MODULE 5: Sustainable Shipping – Environment and Technology

(6 Jun 2022 -31 July 2022)

Maritime EnvironmentalTechnology, Sustainability and Challenges

Although seaborne transportation is the most environmentally friendly mode of transportation, environmental impacts brought about by shipping activities, e.g. air emissions from international shipping or waste created in the shipping processes, have been under increased scrutiny. The environmental pressure coupled with volatile and high fuel prices has changed the market and become the trigger for innovative technologies and solutions. This module focuses on environmental aspects of the shipping industry – from carbon footprint to ballast water management, from antifouling to oil spills, along with relevant technologies and challenges faced in the aim of achieving sustainable maritime development. It examines environmental issues, associated present and anticipated legislation, and the available and expected options to address the issues with their associated pros and cons as well as management aspects of implementation and monitoring.

Learning outcomes

By the end of the module, you should be able to:

  • Explain environmental and economic pressures, air emissions (pollutants and GHGs), externalities and international responses
  • Describe energy management in the maritime industry and MARPOLAnnex VI (Chapter IV), and energy efficiency options during ship design and operation
  • Discuss alternative fuels and marine renewable energy
  • Discuss life-cycle considerations of retrofitting and decision making under trade-off situations

Course outline

  • Environmental awareness & market context
  • Emissions to air
  • Energy efficiency standards & regulations
  • Retrofitting, LCA & Decision Making
  • Energy efficiency options in design and operation
  • Performance monitoring
  • Fuels
  • Renewable energy assistance
  • Biosecurity & Ballast Water Management
  • Biofouling & Antifouling
  • Waste Management& Ship Recycling
  • Tanker safety
  • Acoustic pollution

Apply

For more information, contact:

exec.pgd@dnvgl.com

Location 1 (Piraeus):
Dr Marina Papaioannou
marina.papaioannou@dnv.com
Phone: +30 210 4100 200

Location 2 (Singapore):
Janette Seetoh
mei-lin-janette.seetoh@dnvgl.com
Phone: +65 6508 3958

ENTRANCE REQUIREMENTS

The Admissions Board will consider only those applicants who meet the following general entrance requirements:

  • A minimum of five years' work experience
  • A Bachelor’s degree in a relevant discipline (with full transcript)
    and/or
    The highest grade certificate of competency for unrestricted service as master mariner or chief engineer
  • English language ability (both written and spoken, see below English Requirement)

ENGLISH LANGUAGE REQUIREMENTS

All applicants must submit an internationally recognized English language proficiency test. Acceptable tests include IELTS, TOEFL, Cambridge examinations, and GCE O-levels in English language. Other tests are accepted by the Admissions Board only under exceptional circumstances; applicants should check with the Registry in such cases.

Candidates are assessed in accordance with the following general guidelines:

Test of English as a Foreign Language (TOEFL)

IBT: 80+
PBT: 550+  
WMU’s TOEFL institution code is 9198.

International English Language Testing System (IELTS)

band 6.0 or above
Please note: the academic, not the general training, version of the test is required

Cambridge Examinations

Proficiency (CPE)

Students who have a pass in a GCE O-level or the equivalent (WAEC, CXC etc) must enclose a copy of their examination results for evaluation by the Admissions Board.

Sometimes applicants’ test results meet the University’s general guidelines, but show weaknesses in a certain skills area. In such cases, the Admissions Board will evaluate the skill level based on guidelines shown above. Information on TOEFL may be obtained through US embassies/consulates or the US Information Service, and on the IELTS and Cambridge Examinations from the British Council or Australian or UK  embassies/consulates.

More information can be found by visiting these websites:
https://www.ets.org/toefl
https://www.ielts.org
https://www.cambridgeenglish.org

Apply

For more information, contact:

exec.pgd@dnvgl.com

Location 1 (Piraeus):
Dr Marina Papaioannou
marina.papaioannou@dnv.com
Phone: +30 210 4100 200

Location 2 (Singapore):
Janette Seetoh
mei-lin-janette.seetoh@dnvgl.com
Phone: +65 6508 3958

FEES AND COSTS

Time frame: 11 months

Credits: 40 EC

Fees: EUR€ 7,590 in 2020 (EUR€1,518 per module)

During the programme, you will receive two invoices. The first will be sent upon registration, at the start of the programme, and will cover the first two modules. The second invoice will be sent before you start the third module. For more than two participants from the same company, a 10% discount per participant is offered.

Apply

For more information, contact:

exec.pgd@dnvgl.com

Location 1 (Piraeus):
Dr Marina Papaioannou
marina.papaioannou@dnv.com
Phone: +30 210 4100 200

Location 2 (Singapore):
Janette Seetoh
mei-lin-janette.seetoh@dnvgl.com
Phone: +65 6508 3958

Apply

For more information, contact:

exec.pgd@dnvgl.com

Location 1 (Piraeus):
Dr Marina Papaioannou
marina.papaioannou@dnv.com
Phone: +30 210 4100 200

Location 2 (Singapore):
Janette Seetoh
mei-lin-janette.seetoh@dnvgl.com
Phone: +65 6508 3958

Apply

For more information, contact:

exec.pgd@dnvgl.com

Location 1 (Piraeus):
Dr Marina Papaioannou
marina.papaioannou@dnv.com
Phone: +30 210 4100 200

Location 2 (Singapore):
Janette Seetoh
mei-lin-janette.seetoh@dnvgl.com
Phone: +65 6508 3958

Malmö

Malmö is Sweden’s third largest city, situated in the southern-most province of Skåne. The centre of the city offers good shopping facilities, theatres, bars, cafés and restaurants, as well as an outstanding symphony orchestra, art galleries and museums. Although Malmö may look typically Swedish, with its parks, historic buildings and canals, it is also very cosmopolitan; many of its citizens were born outside Sweden, and over 170 different countries are represented in the city.

Malmö’s sports provision is excellent, whether you want to watch or take part, and includes football, ice-hockey, sailing, golf, tennis and horse-riding. The city is surrounded by rolling countryside and some of the best beaches in Sweden.

Malmö has strong historic bonds with the maritime industry; it was an important medieval sea-port and had a thriving ship-building industry for many years. It is also a city with a knowledge-based economy that places a premium on learning and research, being home to its own University as well as several faculties of Lund University and to WMU. The city has developed high-technology industries, to make the best use of its educated work-force. It is home, for instance, to a remarkable number of computer gaming companies.

The Öresund Bridge provides Malmö with a direct road and rail link to Copenhagen and its international airport, just 30 minutes away by train or bus. Copenhagen’s historic centre has all the attractions you would expect from any European capital, as well as some special features of its own, like the Tivoli Gardens. 

The City of Malmö, as WMU’s host, provides the University’s building in the centre of town, which offers outstanding facilities in a spectacular building. The historic part of the University was built as the Harbour master’s headquarters.

Accommodation

WMU is able to provide excellent student accommodation at the Henrik Smith Residence, run by on-site staff, at a rent of approximately SEK 5,200 (2020 figure) per month. All WMU students can be accommodated on one site, although during the First Term, high-demand period students are likely to be required to share a room. The Henrik Smith Residence is less than three kilometres from the main University building, and only a short walk or bus-ride to the centre of Malmö.

The Residence has a range of facilities, including a lounge area for social meetings or group work, study rooms for group work, facilities for playing pool and table-tennis, a sauna, laundry facilities and indoor storage space for bicycles.

Passports and Residence Permits

Make sure that you have a passport that is valid at least as long as your whole study period, and has plenty of empty pages left, so that you can be issued with any visas you need while you are at WMU.  

You should apply for a residence permit as soon as you get your enrolment packet, even if you do not need a visa to enter Sweden (note: if you are an EU national, different rules apply). Under our agreement with the Swedish Government, students of the MSc in Maritime Affairs programme (but not those on the PhD programme) are issued with a Swedish residence permit for the whole period of their studies. This permits you to travel to Sweden via other Schengen countries without obtaining additional or transit visas.

You should be aware that airlines will refuse to carry passengers without a valid residence permit or entry visa for their country of destination. It is therefore very important that you should start to apply for your residence permit as soon as possible. The process can often take up to three months, and sometimes longer, and the University, unfortunately, is not able to assist students with this.

WMU students’ families are subject to the same rules as any other visitor coming to Sweden and the process for obtaining a temporary residence permit for them can be very lengthy. Sometimes processing permits for whole families can take longer than for individual students. Note that your highest priority should be to arrive on time for the start of your programme, which begins in full strength on the advertised date. Please see the section on Should you bring your family to Malmö? for full details

Health Care

The University takes out medical insurance to cover treatment in Sweden, as well as emergency treatment during field studies abroad. This health insurance covers sudden illness and accidents; it does not cover pre-existing conditions not mentioned on your pre-enrolment medical report. The insurance will also recompense students for the cost of prescription medicines. The insurance does not cover treatment from an optician, and gives only limited dental cover. Make sure you read the Fees and Facilities booklet, which contains the latest information available.

If you are planning to bring your family to join you in Malmö, it is compulsory to take out private medical insurance to cover them. The University insurance for you cannot be extended to your family. (See the section below on Should you bring your family to Malmö? for more information.)

Student Support Services

The University also provides students with accident and travel insurance during their study period, in addition to the medical insurance described above. The visas needed by students for field studies abroad are arranged by the University. Students also have free access to a leisure and sports centre close to the city centre.

An orientation programme is given to each group of new students to provide an introduction to the University and living in Sweden. This is supplemented by a comprehensive information and advice service.

Student Life

As a member of the WMU community, you can benefit from a broader experience both as a professional and as an individual. The University offers you the chance to develop friendships with people from all over the world, and to become, temporarily, a member of Swedish society.  It is essential that students take full advantage of all that their time at WMU has to offer.

Students at WMU have a voice in the affairs of the University through the Student Council, which has special officers responsible for all areas of student life, from sports activities to academic affairs. You can get involved in all the things that interest you. When you arrive, the Student Council arranges for you to be met by a ‘buddy’ – another student who can help you with all the practicalities of living in Sweden, and who can make sure you find your feet immediately. Later, you will be invited to give similar help to newcomers.

You might want to bring your national dress with you when you come to Malmö – you will be asked on a number of occasions to represent your country while you are here, and many students are proud to wear their national dress. 

Alumni

When you graduate, we make sure you can keep in touch with the University through webinars and online discussion forums. Many countries have lively alumni associations, which are part of a global network.

Some graduates have returned as resident academic staff or visiting professors. Many meet again at conferences, seminars and IMO meetings, as well as informally keeping up with friends through social media. The networking opportunities offered by studies at WMU extend far into the future.

Should you bring your family to Malmö?

Many students wish to bring their families to Malmö, but in reality very few can afford to do so. It is costly and making arrangements for your family is time-consuming, especially in a foreign country. Students find their studies very demanding and difficult to balance with family life. 


If you make the decision to bring your family you should in any case arrive here alone. This will allow you to make suitable arrangements for their accommodation, as children are not allowed to live at the Student Residence at any time. The cost of renting a basic apartment is currently around SEK12,000 per month, plus utilities. Very few apartments are currently available, especially in this low price range.

The arrangements made by the University apply only to students, and not to dependants. If you want to bring your family, you must arrange financial support for them, quite apart from any fellowship that you may yourself hold. Your home government or employer is expected to continue to pay your salary while you are studying at the University, particularly to support your family, whether they remain in your home country or come to Malmö. Such arrangements are entirely a matter for students and their sponsoring government/organisations, and do not involve the University in any way.

If you intend to bring your family to Malmö, you must obtain the necessary immigration clearance for them to enter Sweden before they leave your home country. You must be able to demonstrate to the Swedish authorities that you can support your family financially, in line with Swedish regulations, and that you can afford the necessary health insurance for the whole period of their visit. Such insurance is quite expensive.

If you are joined in Malmö by your husband or wife only, he or she may share your accommodation in the Residence, but please remember that the apartments were designed and are equipped to accommodate only one person comfortably. It is not possible for children to live at the Residence, even for short periods, and so families with children must arrange outside housing at their own expense. 

Instead of bringing their families for the whole period of their studies, many WMU students arrange a shorter visit during the summer months or at graduation.

Apply

For more information, contact:

exec.pgd@dnvgl.com

Location 1 (Piraeus):
Dr Marina Papaioannou
marina.papaioannou@dnv.com
Phone: +30 210 4100 200

Location 2 (Singapore):
Janette Seetoh
mei-lin-janette.seetoh@dnvgl.com
Phone: +65 6508 3958

EXECUTIVE MARITIME MANAGEMENT POSTGRADUATE DIPLOMA (PGDIP)

Managers in today’s extremely competitive maritime industry need to cope with continuous technical, regulatory and commercial development. They must be able to anticipate future opportunities and act proactively, armed with up-to-date skills and comprehensive knowledge if they want to retain their competitive edge. This programme, first offered in 2015, has been designed to provide a “boot camp” for managers. It is continuously updated to address issues of critical importance in the maritime industry across its operational, technical and commercial aspects.

The programme is delivered in association with DNV GL, the world’s largest ship and offshore classification society. DNV GL’s Maritime Academy provides an extensive portfolio of training courses for the maritime industry. With their global network they are able to exploit best practices and offer comprehensive training programmes.

PROGRAMME DETAILS

The programme carries 40 European Credits, and can be completed in 11 months, with the Graduation Ceremony at WMU in Malmö held in November 2021. It is comprised of five modules.

MODULE 1: Fundamental Maritime Economics and Contemporary Maritime

(20 Sept 2021 - 14 Nov 2021)

This module examines the fundamental issues and current challenges associated with the economic, legal and regulatory environment in the shipping sector. You will discuss the principles and trends in maritime markets and gain an understanding of maritime corporate and economic driving forces.

This module will address the legal framework of maritime transport. You will have presentations on maritime conventions and the new regulatory development in the shipping sector. The module will also introduce the private maritime law including, basic legal thinking and methodology, the legal notion of ship registration, fundamental principles in the carriage of goods by sea, the structure of a ship sale & purchase transaction, the exercise of ship security rights, principles of marine insurance and other main legal aspects of shipping.

Learning outcomes
By the end of the module, you should be able to:

  • Explain the fundamental relations between economy, trade and maritime transport
  • Analyze the challenges and trends in maritime markets
  • Give economic explanations to some major challenges in shipping
  • Demonstrate a satisfactory knowledge of the fundamental elements of legal thinking and methodology
  • Understand the doctrine of judicial precedent
  • Identify and discuss the basic principles of maritime law within the wider context of the law and legal systems;
  • Realize the significance of ship registration for the exercise of shipping activity and appreciate the existence of fraudulent registration and related practices
  • Identify the various types of sea carriage contracts, whether evidenced in charter parties or bills of lading
  • Understand the functions of a Bill of lading and the Carrier’s liability for cargo in maritime transport. Understand the mechanism of limitation of liability and how it relates to the special regimes of liability limitation (e.g. HVR)
  • Understand the basic structure of a ship sale and the rights stemming from it in favour of the seller and buyer. This includes a fundamental understanding of the sale and purchase transactions.  
  • Realize the significance of security rights on a ship. Understand the function and exercise of a maritime lien in contrast to the exercise of mortgage rights. Identify the legal consequences of the exercise of security rights in a judicial sale
  • Describe the concepts of risk and loss, insurability of risk and scope of cover in the common types of insurance in maritime transport
  • Identify the basic legal duties in ship management

Course outline

  • Economic globalization and shipping
  • Shipping market
  • Maritime cost
  • Ports and their impact on shipping
  • Maritime freight market
  • Economics of marine environment protection
  • Introduction to Legal Thinking &Methodology I + II
  • Basic Principles of Law I + II
  • Ship Registration I + II
  • Introduction to Sea Carriage
  • Carriage of Goods by Sea I + II + III + IV
  • Ship Sale & Purchase
  • Ship Security Rights I + II
  • Principles of Marine Insurance
  • Ship Management - Legal Perspective

MODULE 2: Shipping Market and Financial Management

(29 Nov 2021 - 23 Jan 2022)

This module presents an overview of the shipping markets and their unique characteristics, examines the challenges and issues in the current maritime sector, in terms of the financial management and investment appraisal, the availability of bank finance and bank credit analysis, as well as the alternative sources of ship finance, including Asian financing, Export Credit Agencies, private and public equity, high-yield bond markets, leasing and mezzanine ship finance. Advanced knowledge of shipping financial management and the impact of economic variables on shipping business organizations’ financial operations are analyzed. Finally, the module concludes by providing various business and financial risks associated with any shipping company and developing several risk management solutions to achieve economic sustainability. You will receive in-depth training through several hands-on exercises and case studies to enable you to develop, appraise, negotiate, and select alternative shipping projects.

Learning outcomes
By the end of the module, you should be able to:

  • Understand the fundamentals of the shipping markets
  • Have an overview of the various maritime database for real-time market information
  • Appraise the ship finance sector in terms of markets, participants, sources of ship finance, current trends and future challenges
  • Implement financial analysis for investment in the shipping industry
  • Analyze the cost of capital and the capital structure of maritime organizations
  • Develop a deep understanding of shipping bank processes when extending a shipping loan facility
  • Evaluate alternative sources of capital for shipping projects
  • Evaluate the appropriateness of private and public equity and high-yield bonds
  • Identify business and financial risks for a shipping company
  • Develop financial risk management solutions to improve the company’s performance

Course outline

  • Shipping markets and data: cyclicality, timing and forecasting
  • Capital budgeting and investment appraisal
  • Cost of capital and capital structure in shipping
  • Financial analysis of a shipping project
  • Bank shipping loans and bank syndication
  • Bank credit policy and analysis
  • Bank loan monitoring, legal considerations and workouts
  • Issuance of a shipping bank loan
  • Alternative sources of ship financing (public and private equity and debt, leasing, etc.)
  • Derivative and Risk Management

MODULE 3: Management, Organizational Behaviour and Leadership

(31 Jan 2022 - 27 Mar 2022)

The maritime industry at all levels is, on the one hand, operated and managed by people within the context of organizations. On the other hand, it also affects people, either adversely or beneficially, whether they are internal or external to maritime organizations (public or private). In this module you will gain a fundamental understanding of the nature of organizations and the processes inherent in them as they relate to individuals and groups.The module will also increase learners’ appreciation of the significance of management and leadership in organizations when organizational effectiveness, sustainability and productivity are in view. Trends and issues related to maritime labour within the broad context of human resource management are addressed. Additionally, a discussion of the importance of ethics and corporate social responsibility in contemporary maritime affairs is carried out. The module is intended to give you a well-grounded appreciation of the need to manage people optimally and the understanding and evaluative skills to do so.

Learning outcomes
By the end of the module, you should be able to:

  • Evaluate the merits/demerits of different theoretical approaches to management and leadership
  • Explain the functions of management and their diversity of expression in different kinds of organizations
  • Evaluate processes for the optimization of individual behaviour and teamwork in an organizational setting
  • Identify and apply various models of change management and change leadership to organizations in transition
  • Explain why organizations need to learn and how this can be optimally done
  • Discuss the application of the concept of corporate social responsibility in the maritime industry
  • Explain diverse principles of human resource management and apply them to labour challenges in the maritime industry

Course outline

  • Principles of Management
  • The evolution of management theory
  • Functions of management
  • Organizational Behaviours and HRM
  • HR Management Principles, policies, procedures and systems
  • Ethics and corporate social responsibility
  • Leadership concepts and Applications

MODULE 4: Safe Shipping – Safety and Technology

(4 Apr 2022 -29 May 2022)

Maritime Technology(Safer & Smarter)

This module explores two fundamental aspects of the modern maritime domain: safety in shipping and the digital transformation. You will learn about various safety and security challenges, how to identify them and how to manage risk. From port state control to piracy and cyber-security, you can expect to be well versed in key issues faced by maritime regulators and maritime industry around the world. The second half of the module looks at assorted aspects of the digital transformation of the maritime world, to understand capabilities and limitations, opportunities and threats of key technologies, from A.I. to autonomous shipping, from Digital Twins to Virtual Reality. This module will hone your personal and corporate skills, and significantly improve your maritime industry credentials.

Learning outcomes
By the end of the module, you should be able to:

  • Identify key safety and security issues relevant to the maritime domain
  • Understand the role of IMO conventions, codes and instruments in mitigating the risk of safety and security challenges
  • Appreciate the core concepts of accident investigations
  • Realise importance and concepts of cyber security at sea and on shore
  • Understand capabilities and limits of A.I. technologies for maritime applications
  • Understand capabilities and limits of Digital Twin technology
  • Understand capabilities and limits of Virtual/Augmented Reality
  • Understand capabilities and limits of autonomous ship technology

Course outline

  • Sea, shipping, ships and safety
  • OHS Introduction to MLC, ISM and ISPS
  • Risk Assessment in ISM Context
  • Risk Management and Risk Assessment Methods
  • ISPS Code as an Instrument for Managing and Controlling Risk
  • Risk Management in the IMO
  • Maritime Cyber Security
  • Accident investigation in the maritime industry
  • Artificial Intelligence
  • Digital Twins
  • Cyberships
  • Digital Twins
  • Virtual Reality

MODULE 5: Sustainable Shipping – Environment and Technology

(6 Jun 2022 -31 July 2022)

Maritime EnvironmentalTechnology, Sustainability and Challenges

Although seaborne transportation is the most environmentally friendly mode of transportation, environmental impacts brought about by shipping activities, e.g. air emissions from international shipping or waste created in the shipping processes, have been under increased scrutiny. The environmental pressure coupled with volatile and high fuel prices has changed the market and become the trigger for innovative technologies and solutions. This module focuses on environmental aspects of the shipping industry – from carbon footprint to ballast water management, from antifouling to oil spills, along with relevant technologies and challenges faced in the aim of achieving sustainable maritime development. It examines environmental issues, associated present and anticipated legislation, and the available and expected options to address the issues with their associated pros and cons as well as management aspects of implementation and monitoring.

Learning outcomes

By the end of the module, you should be able to:

  • Explain environmental and economic pressures, air emissions (pollutants and GHGs), externalities and international responses
  • Describe energy management in the maritime industry and MARPOLAnnex VI (Chapter IV), and energy efficiency options during ship design and operation
  • Discuss alternative fuels and marine renewable energy
  • Discuss life-cycle considerations of retrofitting and decision making under trade-off situations

Course outline

  • Environmental awareness & market context
  • Emissions to air
  • Energy efficiency standards & regulations
  • Retrofitting, LCA & Decision Making
  • Energy efficiency options in design and operation
  • Performance monitoring
  • Fuels
  • Renewable energy assistance
  • Biosecurity & Ballast Water Management
  • Biofouling & Antifouling
  • Waste Management& Ship Recycling
  • Tanker safety
  • Acoustic pollution

Executive Maritime Management Postgraduate Diploma (PGDIP)

Executive Maritime Management Postgraduate Diploma (PGDIP)

Programme Details

Programme Details

Managers in today’s extremely competitive maritime industry need to cope with continuous technical, regulatory and commercial development. They must be able to anticipate future opportunities and act proactively, armed with up-to-date skills and comprehensive knowledge if they want to retain their competitive edge. This programme, first offered in 2015, has been designed to provide a “boot camp” for managers. It is continuously updated to address issues of critical importance in the maritime industry across its operational, technical and commercial aspects.

The programme is delivered in association with DNV, the world’s largest ship and offshore classification society. DNV's Maritime Academy provides an extensive portfolio of training courses for the maritime industry. With their global network they are able to exploit best practices and offer comprehensive training programmes.

Programme Details

The programme carries 40 European Credits, and can be completed in 11 months, with the Graduation Ceremony at WMU in Malmö held in November 2021. It is comprised of five modules.

MODULE 1: Fundamental Maritime Economics and Contemporary Maritime Law

(20 Sept 2021 - 14 Nov 2021)

This module examines the fundamental issues and current challenges associated with the economic, legal and regulatory environment in the shipping sector. You will discuss the principles and trends in maritime markets and gain an understanding of maritime corporate and economic driving forces.

This module will address the legal framework of maritime transport. You will have presentations on maritime conventions and the new regulatory development in the shipping sector. The module will also introduce the private maritime law including, basic legal thinking and methodology, the legal notion of ship registration, fundamental principles in the carriage of goods by sea, the structure of a ship sale & purchase transaction, the exercise of ship security rights, principles of marine insurance and other main legal aspects of shipping.

Learning outcomes
By the end of the module, you should be able to:

  • Explain the fundamental relations between economy, trade and maritime transport
  • Analyze the challenges and trends in maritime markets
  • Give economic explanations to some major challenges in shipping
  • Demonstrate a satisfactory knowledge of the fundamental elements of legal thinking and methodology
  • Understand the doctrine of judicial precedent
  • Identify and discuss the basic principles of maritime law within the wider context of the law and legal systems;
  • Realize the significance of ship registration for the exercise of shipping activity and appreciate the existence of fraudulent registration and related practices
  • Identify the various types of sea carriage contracts, whether evidenced in charter parties or bills of lading
  • Understand the functions of a Bill of lading and the Carrier’s liability for cargo in maritime transport. Understand the mechanism of limitation of liability and how it relates to the special regimes of liability limitation (e.g. HVR)
  • Understand the basic structure of a ship sale and the rights stemming from it in favour of the seller and buyer. This includes a fundamental understanding of the sale and purchase transactions.  
  • Realize the significance of security rights on a ship. Understand the function and exercise of a maritime lien in contrast to the exercise of mortgage rights. Identify the legal consequences of the exercise of security rights in a judicial sale
  • Describe the concepts of risk and loss, insurability of risk and scope of cover in the common types of insurance in maritime transport
  • Identify the basic legal duties in ship management

Course outline

  • Economic globalization and shipping
  • Shipping market
  • Maritime cost
  • Ports and their impact on shipping
  • Maritime freight market
  • Economics of marine environment protection
  • Introduction to Legal Thinking &Methodology I + II
  • Basic Principles of Law I + II
  • Ship Registration I + II
  • Introduction to Sea Carriage
  • Carriage of Goods by Sea I + II + III + IV
  • Ship Sale & Purchase
  • Ship Security Rights I + II
  • Principles of Marine Insurance
  • Ship Management - Legal Perspective

MODULE 2: Shipping Market and Financial Management

(29 Nov 2021 - 23 Jan 2022)

This module presents an overview of the shipping markets and their unique characteristics, examines the challenges and issues in the current maritime sector, in terms of the financial management and investment appraisal, the availability of bank finance and bank credit analysis, as well as the alternative sources of ship finance, including Asian financing, Export Credit Agencies, private and public equity, high-yield bond markets, leasing and mezzanine ship finance. Advanced knowledge of shipping financial management and the impact of economic variables on shipping business organizations’ financial operations are analyzed. Finally, the module concludes by providing various business and financial risks associated with any shipping company and developing several risk management solutions to achieve economic sustainability. You will receive in-depth training through several hands-on exercises and case studies to enable you to develop, appraise, negotiate, and select alternative shipping projects.

Learning outcomes
By the end of the module, you should be able to:

  • Understand the fundamentals of the shipping markets
  • Have an overview of the various maritime database for real-time market information
  • Appraise the ship finance sector in terms of markets, participants, sources of ship finance, current trends and future challenges
  • Implement financial analysis for investment in the shipping industry
  • Analyze the cost of capital and the capital structure of maritime organizations
  • Develop a deep understanding of shipping bank processes when extending a shipping loan facility
  • Evaluate alternative sources of capital for shipping projects
  • Evaluate the appropriateness of private and public equity and high-yield bonds
  • Identify business and financial risks for a shipping company
  • Develop financial risk management solutions to improve the company’s performance

Course outline

  • Shipping markets and data: cyclicality, timing and forecasting
  • Capital budgeting and investment appraisal
  • Cost of capital and capital structure in shipping
  • Financial analysis of a shipping project
  • Bank shipping loans and bank syndication
  • Bank credit policy and analysis
  • Bank loan monitoring, legal considerations and workouts
  • Issuance of a shipping bank loan
  • Alternative sources of ship financing (public and private equity and debt, leasing, etc.)
  • Derivative and Risk Management

MODULE 3: Management, Organizational Behaviour and Leadership

(31 Jan 2022 - 27 Mar 2022)

The maritime industry at all levels is, on the one hand, operated and managed by people within the context of organizations. On the other hand, it also affects people, either adversely or beneficially, whether they are internal or external to maritime organizations (public or private). In this module you will gain a fundamental understanding of the nature of organizations and the processes inherent in them as they relate to individuals and groups.The module will also increase learners’ appreciation of the significance of management and leadership in organizations when organizational effectiveness, sustainability and productivity are in view. Trends and issues related to maritime labour within the broad context of human resource management are addressed. Additionally, a discussion of the importance of ethics and corporate social responsibility in contemporary maritime affairs is carried out. The module is intended to give you a well-grounded appreciation of the need to manage people optimally and the understanding and evaluative skills to do so.

Learning outcomes
By the end of the module, you should be able to:

  • Evaluate the merits/demerits of different theoretical approaches to management and leadership
  • Explain the functions of management and their diversity of expression in different kinds of organizations
  • Evaluate processes for the optimization of individual behaviour and teamwork in an organizational setting
  • Identify and apply various models of change management and change leadership to organizations in transition
  • Explain why organizations need to learn and how this can be optimally done
  • Discuss the application of the concept of corporate social responsibility in the maritime industry
  • Explain diverse principles of human resource management and apply them to labour challenges in the maritime industry

Course outline

  • Principles of Management
  • The evolution of management theory
  • Functions of management
  • Organizational Behaviours and HRM
  • HR Management Principles, policies, procedures and systems
  • Ethics and corporate social responsibility
  • Leadership concepts and Applications

MODULE 4: Safe Shipping – Safety and Technology

(4 Apr 2022 -29 May 2022)

Maritime Technology(Safer & Smarter)

This module explores two fundamental aspects of the modern maritime domain: safety in shipping and the digital transformation. You will learn about various safety and security challenges, how to identify them and how to manage risk. From port state control to piracy and cyber-security, you can expect to be well versed in key issues faced by maritime regulators and maritime industry around the world. The second half of the module looks at assorted aspects of the digital transformation of the maritime world, to understand capabilities and limitations, opportunities and threats of key technologies, from A.I. to autonomous shipping, from Digital Twins to Virtual Reality. This module will hone your personal and corporate skills, and significantly improve your maritime industry credentials.

Learning outcomes
By the end of the module, you should be able to:

  • Identify key safety and security issues relevant to the maritime domain
  • Understand the role of IMO conventions, codes and instruments in mitigating the risk of safety and security challenges
  • Appreciate the core concepts of accident investigations
  • Realise importance and concepts of cyber security at sea and on shore
  • Understand capabilities and limits of A.I. technologies for maritime applications
  • Understand capabilities and limits of Digital Twin technology
  • Understand capabilities and limits of Virtual/Augmented Reality
  • Understand capabilities and limits of autonomous ship technology

Course outline

  • Sea, shipping, ships and safety
  • OHS Introduction to MLC, ISM and ISPS
  • Risk Assessment in ISM Context
  • Risk Management and Risk Assessment Methods
  • ISPS Code as an Instrument for Managing and Controlling Risk
  • Risk Management in the IMO
  • Maritime Cyber Security
  • Accident investigation in the maritime industry
  • Artificial Intelligence
  • Digital Twins
  • Cyberships
  • Digital Twins
  • Virtual Reality

MODULE 5: Sustainable Shipping – Environment and Technology

(6 Jun 2022 -31 July 2022)

Maritime EnvironmentalTechnology, Sustainability and Challenges

Although seaborne transportation is the most environmentally friendly mode of transportation, environmental impacts brought about by shipping activities, e.g. air emissions from international shipping or waste created in the shipping processes, have been under increased scrutiny. The environmental pressure coupled with volatile and high fuel prices has changed the market and become the trigger for innovative technologies and solutions. This module focuses on environmental aspects of the shipping industry – from carbon footprint to ballast water management, from antifouling to oil spills, along with relevant technologies and challenges faced in the aim of achieving sustainable maritime development. It examines environmental issues, associated present and anticipated legislation, and the available and expected options to address the issues with their associated pros and cons as well as management aspects of implementation and monitoring.

Learning outcomes

By the end of the module, you should be able to:

  • Explain environmental and economic pressures, air emissions (pollutants and GHGs), externalities and international responses
  • Describe energy management in the maritime industry and MARPOLAnnex VI (Chapter IV), and energy efficiency options during ship design and operation
  • Discuss alternative fuels and marine renewable energy
  • Discuss life-cycle considerations of retrofitting and decision making under trade-off situations

Course outline

  • Environmental awareness & market context
  • Emissions to air
  • Energy efficiency standards & regulations
  • Retrofitting, LCA & Decision Making
  • Energy efficiency options in design and operation
  • Performance monitoring
  • Fuels
  • Renewable energy assistance
  • Biosecurity & Ballast Water Management
  • Biofouling & Antifouling
  • Waste Management& Ship Recycling
  • Tanker safety
  • Acoustic pollution

Entrance Requirements

Entrance Requirements

The Admissions Board will consider only those applicants who meet the following general entrance requirements:

  • A minimum of five years' work experience
  • A Bachelor’s degree in a relevant discipline (with full transcript)
    and/or
    The highest grade certificate of competency for unrestricted service as master mariner or chief engineer
  • English language ability (both written and spoken, see below English Requirement)

ENGLISH LANGUAGE REQUIREMENTS

All applicants must submit an internationally recognized English language proficiency test. Acceptable tests include IELTS, TOEFL, Cambridge examinations, and GCE O-levels in English language. Other tests are accepted by the Admissions Board only under exceptional circumstances; applicants should check with the Registry in such cases.

Candidates are assessed in accordance with the following general guidelines:

Test of English as a Foreign Language (TOEFL)

IBT: 80+
PBT: 550+  
WMU’s TOEFL institution code is 9198.

International English Language Testing System (IELTS)

band 6.0 or above
Please note: the academic, not the general training, version of the test is required

Cambridge Examinations

Proficiency (CPE)

Students who have a pass in a GCE O-level or the equivalent (WAEC, CXC etc) must enclose a copy of their examination results for evaluation by the Admissions Board.

Sometimes applicants’ test results meet the University’s general guidelines, but show weaknesses in a certain skills area. In such cases, the Admissions Board will evaluate the skill level based on guidelines shown above. Information on TOEFL may be obtained through US embassies/consulates or the US Information Service, and on the IELTS and Cambridge Examinations from the British Council or Australian or UK  embassies/consulates.

More information can be found by visiting these websites:
https://www.ets.org/toefl
https://www.ielts.org
https://www.cambridgeenglish.org

Fees & Costs

Fees & Costs

Time frame: 11 months

Credits: 40 EC

Fees: EUR€ 7,590 in 2021 (EUR€1,518 per module)

During the programme, you will receive two invoices. The first will be sent upon registration, at the start of the programme, and will cover the first two modules. The second invoice will be sent before you start the third module. For more than two participants from the same company, a 10% discount per participant is offered.

Apply

For more information, contact:

exec.pgd@dnvgl.com

Location 1 (Piraeus):
Dr Marina Papaioannou
marina.papaioannou@dnv.com
Phone: +30 210 4100 200

Location 2 (Singapore):
Janette Seetoh
mei-lin-janette.seetoh@dnvgl.com
Phone: +65 6508 3958