MSc in International Shipping and Finance

Duration: 9 up 12 months (at ALBA Graduate Business School- The American College of Greece and at the ICMA Center, Henley Business School, The University of Reading)
Start Date: October 2019
Fees: Full – Time course fees: UK and EU students £16,250 / International Students £23,250


This 10/12 month program seeks to address the needs of the rapidly evolving, highly competitive and capital-intensive shipping industry by bringing the gap between academic theory and business practice. Those needs have led to increase demand from ship-owning and transportation companies, ship broking firms, shipping divisions of investment funds, among others of personnel with shipping specific, practical financial management skills and knowledge. 

It is  delivered by the ICMA Centre at Henley Business School, University of Reading, in the UK and ALBA Graduate Business School in Greece.


  • You will be awarded two full time MSc degrees in International Shipping and Finance, one from each institution (Dual degree award)
  • You will spend eight months  (or eleven months) at the ICMA Centre in Henley Business School, a triple accredited Business School, consistently ranked among the top UK Business Schools
  • You will also spend one month in Greece at ALBA, a leading European Business School accredited by the Association of MBAs (AMBA)  by EPAS (EFMD Programme Accreditation System) and New England Association of Schools and Colleges (NEASC) for its own Masters programmes. While at ALBA you will attend specialized shipping courses and participate in other activities, such as visits to shipping companies, vessels and ports accompanied by information sessions from shipping practitioners.
  • The program is strongly supported by the shipping industry and work-placement opportunities with leading companies will be available to outstanding graduates.
  • You will benefit from distinguished guest speakers, a number of specialized workshops delivered by senior shipping practitioners and bespoke simulations and hands-on sessions delivered in small classes.
  • You will also benefit from a comprehensive career development programme as well as our careers advisory partnership with Spinnaker Consulting Ltd, the leading shipping recruitment consultants.
  • You will be granted professional exam exemptions from the:

The MSc in International Shipping and Finance Program is accredited by the Institute of Chartered Shipbrokers (ICS), the chartered Institute of Securities and Investment (CISI) and the Hellenic Shipbrokers Association (HSA).

Graduates from the Program are eligible for three exam exemptions from the ICS Professional Qualification.


Advisory Board


The Program's Academic Advisory Committee (AAC) consists of international renowned academics who ensure that the Program meets the highest possible quality standards and the latest developments in the shipping industry.


The BAC consists of: 


 Stamatis Bourboulis, General Manager - EURONAV Ship Management (Hellas) Ltd

 Anna Bredima, Senior Policy Advisor on European Affairs/ Cyprus Union of Shipowners

 Kostas Kanellopoulos, Managing Director NEREUS SHIPPING S.A.

 John Kokarakis, Vice President Technology and Business Development BUREAU VERITAS

 Ilias Ladas, DPA, HR and Training Manager DANAOS SHIPPING CO LTD

 Dimitrios Mattheou, Managing Director ARCADIA SHIPMANAGEMENT CO LTD

 Dimitris Patrikios, General Manager SPRINGFIELD SHIPPING CO. PANAMA S.A.

 John Platsidakis, Chairman INTERCARGO Managing Director, ANANGEL

 George Skrimizeas, General Manager ALL SEAS MARINE S.A.



 Panos Zachariadis, Technical Director ATLANTIC BULK CARRIERS MANAGEMENT LTD

 Ioannis Zafirakis, Director, Executive Vice-President & Secretary, DIANA SHIPPING INC and Director, COO & Secretary, DIANA CONTAINERSHIPS INC.


The program designed with the support of an international group of renowned academics that consists the Academic Advisory Committee (AAC) of the program.

The AAC consists of:

Kevin Cullinane - Professor of Marine Transport & Management, School of Marine Science & Technology, University of Newcastle, UK.

Ernst Frankel - Professor of Ocean Engineering, Emeritus, School of Engineering, Massachusetts Institute of Technology (MIT), USA.

Trevor Heaver - Professor Emeritus, Centre for Transportation Studies, University of British Columbia, Canada.

Anastasios Perakis - Associate Professor, SNAME Fellow, Office of Naval Research Distinguished Faculty Fellow, The Boeing Co Welliver Faculty Fellow, Department of Naval Architecture & Marine Engineering, College of Engineering, University of Michigan, USA.

 Siri Pettersen Strandenes - Professor, Centre for International Economics and Shipping, Norwegian School of Economics and Business Administration, Norway.


The ISF Program is designed to provide a challenging and eye-opening educational experience by world-renown academic faculty and senior industry practitioners from both ALBA Graduate Business School and ICMA Center, Henley Business School 

More about ALBA faculty here  and for ICMA Center here 


After completion of the programme you will be well equipped with the knowledge for a successful career in the shipping/ transportation industries, as well as in the wider finance sector. On average more than 90% of our graduates are in work or further education 6 months after graduation. Indicative career paths for our graduates are ship-owning and transportation companies, ship-broking/chartering firms, shipping divisions of investment banks, shipping analysis/consulting firms, ship-finance arrangers, port operators, and shipping-related investment funds, among others. The wide curriculum of the programme will also enable you to consider careers in the global investment banking and securities markets.




Scholarships Scheme

The ICMA Centre offers a range of Masters scholarships to help encourage exceptional students from across the globe to pursue their interest in finance.

Learn more here .


International Propeller Club Piraeus

ALBA  and the International Propeller Club Piraeus offer to the participants of the Propeller Club Amver Awards Dinner 2016 (and their relatives) the opportunity to pursue one full scholarship  for the MSc in International Shipping and Finance (ISF) program in collaboration with the University of Reading in U.K. 

Equal Society Scholarships

3 full scholarship will be offered for : MSc in International Business and Management , MSc in Finance and MSc in Entrepreneurship.

Social and Economic criteria are set by Equal Society . Click here for more. 

In order to express your interest you will need to fill in properly and accordingly both the application provided by  Equal Society (here) and the ALBA online application





Admissions requirement for the  MSc in International shipping and Finance (only):

  • Undergraduate Degree – Minimum 2:1 or the equivalent from an overseas institution*
  • Degree Discipline – Any discipline – no quantitative requirement
  • GMAT – No requirement

* Please note that due to increasing competition for places on our Masters programmes our entry requirements may change.

We operate a rolling admissions system and you are therefore advised to apply early in order to be sure of your place on our programmes. We experience high levels of demand, and it is possible we might have to close applications to some programmes once places are filled.

If English is not your first language, you may be required to take one of the following:

  • TOEFL (Test of English as a foreign language): Overall score of 100 with no less than 20 in Listening, Writing and Reading and 21 in Speaking
  • IELTS (British Council International English Language Test): Score of 6.5 overall with no component less than 6 when attending the 6-week pre-sessional English course offered by the University of Reading. Entry to this pre-sessional course with a score of 6.5 fulfils your English language requirement.

Please note that students not attending a Pre-Sessional course will need to pass IELTS with an overall score of 7 and no component less than 6.0. For more options please see the International Study and Language Website or email a member of the Postgraduate Admissions team.


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George Alexandridis Associate Professor

Spyros Vougious

Spyros Vougious is the Director of the MBA in Shipping and the MSc in Shipping Management programs and Co-Director of the MSc in International Shipping and Finance program which runs in collaboration with the University of Reading. He has an extensive working experience in the design, management and running of academic programs in shipping (undergraduate/graduate level) in collaboration mainly with British and other foreign Universities.

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Marilia Koukou Program Manager

We urge applicants to request further information or to come for a meeting at our downtown campus, in order to better understand their profile and motivations.

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Tel.: +30 210 89.64.531-8

Fax: +30 210 89.63.302

e-mail:  [email protected]

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