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MS Maritime Business Management Curriculum
Program Requirements + Schedule
Courses meet on alternating week-ends on Friday evenings from 5:00 p.m.–10:00 p.m. and on Saturdays from 8:00 a.m.–6:00 p.m. The alternating weekend format provides students the opportunity to conduct research, meet with student teams, and satisfy classroom objectives for the next class meeting. The program begins with a one-day orientation. Each entering class comprises approximately 24 students, who progress through the program as a cohort.
Each program meets for 3 alternating weekends except for the capstone, which meets 4 alternating weekends distributed throughout the entire program.
MB-5100 Economics of the Maritime Industry
This course provides an economic analysis of the different segments of the maritime industry, including an assessment of market characteristics (supply and demand), factors affecting pricing and profitability (cost and revenue), industry structure and competition, economic impacts of globalization on industry growth, and the effects of various sources of market intervention at different scales (national and international).
Credits: 3
MB-5110 Maritime Law, Policy, and Regulations 3
This course focuses on the principles of maritime law that are of great concern to any maritime business manager. Students will gain an understanding of admiralty jurisdiction and the interplay with foreign and state laws and international treaties. There will be an examination of personal injury as it pertains to seamen, oil rig works, and longshore-men. Contracts concerning cargo, towing, and charters will be explored for drafting and the frequently litigated issues. Marine insurance will be explored in depth as will maritime liens, mortgages, and salvage. Finally, with the ever-growing environmental concerns, maritime pollution liabilities, and crimes will be covered.
Credits: 3
MB-5120 Project Management in Maritime Business
This course introduces the tasks fundamental to project management. Project managers need to possess the skills to manage their teams, schedules, risks, and resources to produce a desired outcome. Students will learn the skills and tools of project management using a hands-on approach. There will be a focus on stakeholder management, as well as some of the causes of project failure and how to mitigate the causes in the planning stages of the project.
Credits: 3
MB-5130 Global Logistics and Supply Chain Management
This course focuses on effective logistics and supply chain strategies for companies that operate globally, with an emphasis on how to plan and integrate supply chain components into a coordinated system. Stu-dents are exposed to concepts and models important in supply chain planning, with emphasis on key trade-offs and phenomena. The course introduces and utilizes key tactics, such as risk pooling and inventory placement, integrated planning and collaboration, and information sharing. Lectures, videos, simulation exercises, and case discussions introduce various models and methods for logistics and supply chain analysis and optimization.
Credits: 3
MB-5140 Financial Analytics
This course will impart powerful, fundamental concepts and analytical techniques that will be used by maritime business management professionals in both routine, day-to-day financial and risk analysis and for major capital budgeting and asset allocation processes. The case studies chosen for this course will focus on application of fundamental techniques in the context of physical asset, asset utilization, and as-set allocation problems. The material will be presented to draw on the students’ experiences and work environments.
Credits: 3
MB-5150 Operations Management in Maritime Business
The course exposes students to best-practice conceptual and decision models to develop solutions for managing operations and maritime supply chain challenges from the business world. The topics covered include scheduling, process analysis, materials management, quality, productivity, technology, critical thinking, rational decision making, and strategic planning.
Credits: 3
MB-5160 Transportation Security Management
This course provides a layered, multi-disciplinary systems approach to transportation security management, including operational considerations that influence security management decisions. The course will provide an overview of security management in all modes of passenger and freight transportation, including maritime, aviation, public transit, rail, pipeline, intermodal cargo, and highway transportation.
Credits: 3
MB-5170 Organizational Behavior
Strategic management of individuals, teams, and organizations in the maritime business environment requires a keen understanding of the principles of leadership, vision, and motivation under stressful circumstances. This course provides, in executive format, extensive and intense instruction in organizational behavior, organizational design, emotional intelligence, and the effective motivation and management of a variety of types of organizations.
Credits: 3
MB-5180 Maritime Leadership and Risk Management
This course introduces managers to emergency response regulatory framework within the U.S., shipboard emergency response planning requirements, response funding mechanisms and associated management practices, risk communication, interorganizational response management and decision-making processes, mass rescue operations, marine transportation system recovery practices, ship salvage operations, resource damage assessment, legal considerations, the role of the Qualified Individual (Q.I.), how government measures and tests industry’s preparedness, as well as operational best practices and management techniques when working with impacted communities.
Credits: 3
MB-5200 Capstone Seminar in Maritime Business
It is the goal of the four-credit capstone project to challenge the students to inquire into what they perceive as a problem or a process that could be improved in the field of maritime business, describe the problem or flawed process, ask a hypothetical question that will be their research road map, provide alternative solutions, and provide a detailed analysis and summary of their approach and why they chose a certain solution.
Credits: 4