MBA in Shipping

SEA...YOUR FUTURE
Duration: Full Time (12m) & Part Time (24m) / Evening classes
Application Deadline: Rolling admissions | next round: July 23, 2018
Start Date: September 2018
Fees: € 19,750

OVERVIEW

By taking a strategic perspective on the shipping industry, the MBA in Shipping Program prepares aspiring and seasoned shipping professionals for a future full of challenges in the shipping industry. The program, designed in collaboration with the Greek shipping community (the Business Advisory Committee for the Shipping programs of ALBA), provides significant networking opportunities along with a challenging and unique educational experience delivered by world-renowned academics and distinguished industry practitioners in the field. Apart from specialized shipping courses and workshops, the MBA in Shipping program invests heavily in leadership and strategic management competencies, which are particularly relevant both as personal advantages and as essential resources for companies in this sector.

 

Key features of the program

  • Weekday classes between 18:00 – 22:00 (occasionally weekends), twice a week on average for part time mode. 
  • A 12-month program (24-month program for part-time mode).
  • 20 core modules and 3 workshops
  • Assessment: group reports/presentations, case study analysis, mid-term tests, final exams (18 – 21:00)
  • Capstone course: International Field Consulting Project in Shipping Industry.

 

The MBA in Shipping is designed particularly for: 

  • Highly motivated professionals with at least 3 years of solid working experience and a clear aim to advance their career in management positions in the broader maritime industry.
  • Members of family shipping businesses with at least 3 years of solid working experience preparing to take on increasing responsibility in their companies.
  • Officers of the Merchant Marine (Master or Chief Engineer) serving both at sea & onshore.

You may find here more information about the Program's Intended Learning Outcomes.

 

Current Student Profile

HIGHLIGHTS

Ideal Location: Offered in Greece, a country with long-standing tradition in shipping.

Highly-Accessible World-Renowned Faculty : Teaching combines research-lead and technically advanced methods and is delivered by world renowned academics providing a challenging and eye-opening educational experience.

Leadership Development: Through classroom teaching and personal coaching, students embark on a journey of self-awareness and personal development, identifying strengths and areas of improvement and putting their aspirations into a coherent and dynamic learning plan for the future.

Specialized Shipping Workshops: Delivered by distinguished industry speakers in conjunction with professional bodies/institutions.

International Recognition: Accredited by the Association of MBAs (AMBA), the New England Association of Schools and Colleges (NEASC), the Institute of Chartered Shipbrokers (ICS), and the Hellenic Shipbrokers Association (HSA).

Links to the Industry: Strongly supported by the Greek shipping community: significant networking opportunities and participation in activities such as educational field trips abroad/cruise trips, visits to shipping companies, ports and commercial vessels. ALBA is a not-for-profit educational association of 89 Greek corporations including leading shipping companies like, Arcadia, Navios, Paragon, Star Bulk, Thenamaris and Top Ships . Moreover ALBA shipping programs are supported by WISTA Hellas, The Hellenic Shipbrokers Association, The International Propeller Club (Piraeus), the Master's and Mates Union of the Greek Merchant Marine and the Green Award, offering several partial scholarships and financial aid.

 

ADVISORY BOARD

Advisory Board

THE PROGRAM COMMITTEES

The MBA in Shipping Business Advisory Committee (BAC) comprises of a select group of professionals from Greece and abroad and ensures the practical aspects of the program and that the program’s content is in line with the most recent developments in the shipping industry.

The BAC consists of:

 George Achniotis, CFO NAVIOS MARITIME HOLDINGS

 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.

 Stratos Tsalamanios, Co-CEO MYLAKI SHIPPING AGENCY LTD and SEAVEN TANKER & DRY MANAGEMENT INC.

 Kostas Vlachos, COO CONSOLIDATED MARINE MANAGEMENT INC.

 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 MBA in Shipping 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.

FULL TIME

Total Year Schedule 2018 -2019 (Full time mode) - 38 credits

The school reserves the right to reexamine the structure of all academic programs and proceed to any necessary changes in the total year schedules.

 

1st Period | September – October

Courses Hours | Credits
Maritime Economics
28 | 2
Sea transportation has been an important catalyst of world trade and economic growth. Globalization of the world economy, increased competition and rapid technological change has resulted in lowered transport costs. High volatility in prices, uncertainty, capital concentration and global competition of the shipping markets, have made effective economic skills a requirement for shipping organizations. The aim of this course is to provide the maritime economic principles and theory required for the effective management of a shipping company, which operates in the global competitive shipping environment, under the appropriate policy perspectives. The students will be able to understand the economic organization of the shipping market, to analyse the shipping market cycle and the shipping markets, as well as the supply and demand conditions and the trade patterns in seaborne transportation.
Leadership Development
14 | 1
Management consists of a set of universal skills that are well understood and trainable. Leadership consists of how each one of us makes a unique difference to the challenges we face with people and projects. It is not about wasting our energy trying to make ourselves more effective by changing our characters. Instead, it is more effective to find new and better ways of ‘being ourselves’ through enhanced insight and skill.  The purpose of this course is to assess and improve your readiness to function well as a leader by making your time at ALBA a self-directed journey of learning and development. The specific objectives are to develop an awareness of the knowledge and skills that underlie leadership effectiveness; to obtain individual-level feedback utilizing some of the best existing assessment instruments; to share feedback on your own and others’ skills and to craft a personal leadership development action plan.
Business Statistics
14 | 1
Today's business environment is characterised by abundance of information and increasing uncertainty and complexity. Against this background, analysing probabilistic/statistical information, understanding the relationship between business factors, evaluating risks and turning data into actionable knowledge are essential skills for competent management. The main objective of the course is to help participants assimilate statistical concepts as well as acquire skills in applying these concepts using modern software. Topics covered include descriptive statistics, probability distributions, sampling, hypothesis testing and regression analysis.
Managing People & Organizations
28 | 2
The course provides an overview of the core areas of management theory and organizational behaviour with a special emphasis on issues of organizational structures, culture and values, employee motivation and job design, leadership and power, group processes as well as organizational learning and knowledge management. It will help participants understand the complex relation between individuals, groups and organizations and will introduce the concepts and the tools for effective management of the human capital. It will also help them understand how they can become change catalysts by performing their leadership role as managers; how they can manage knowledge; how they can inspire people to put extra effort for achieving the organizational vision and for outstanding performance and results. Through case studies, videos and discussion, students will have the opportunity to exercise their critical thinking and build people management skills by applying organizational theory to a broad range of organizational types, settings, and challenges.
Business Writing & Presentation Skills Workshop
14 | 1
Team Building
- | 0
The aim of the workshop is to provide participants with a fulfilling and lively event, in order to introduce them to the importance of teamwork.  By taking part in planned outdoor activities and exercises and through mutual support, the team enables itself to overcome difficulties and built strong bonds.  Furthermore, this process will result into the formation of the groups that participants are going to work with during their studies.

2nd Period | November – December

Courses Hours | Credits
Financial Accounting
14 | 1
The course explores the ‘art’ of financial accounting / financial reporting.  In particular, the goal of the course is to provide the knowledge and skills required for the understanding and use of financial accounting information for decision making.  Some of the topics covered during the course include: the role and importance of financial reporting, the role of the main players in the accounting communication process, including the management, auditors and stakeholders, the effects of the use of different accounting methods and estimates on the financial statements and the subsequent impact on decision making, ways of analysing, interpreting and evaluating financial statements.  During the course, extensive reference is made to the annual reports of various companies, as well as to accounting scandals (e.g. ENRON), for the facilitation of knowledge and understanding.
Business Decisions with Data Models
28 | 2
This course aims to enhance business problem modelling and solving skills by integrating concepts and frameworks from Statistics and Decision Science with modern Information Technology. Emphasis is placed on evaluating risks and using the theory of normative decision making to compare decision alternatives under uncertainty. Participants will learn how to structure complex management problems and combine quantitative analysis with judgment and critical thinking.  Topics covered include forecasting, decision analysis, Monte-Carlo simulation and business optimization. It is a practical course that uses case studies and spreadsheets to illustrate how to apply the methodologies introduced.
Ship Technology
28 | 2

3rd Period | January – February

Courses Hours | Credits
Financial Analysis
14 | 1
This course presents the main methods of financial analysis for decision making. Following the course of financial accounting, this course concentrates on the analysis of the firm’s financial statements in order to derive important information about the investing, operating, and financing activities of the firm. The course introduces the major issues in the theory and policy of finance with emphasis in the following areas: Objectives of the Financial Manager; Analysis of balance sheet, income statement and statement of cash flows; Ratio analysis, Planning and Forecasting of financial statements; Working capital Management; Description of financial markets and discussion of the time value of money theory. After the completion of this course students will be able to assess the financial health of a company, identify the financial strengths and weaknesses of a company, predict the financial position of a firm in the near future and incorporate the time value of money in the decision making process.
HR in Shipping
14 | 1
The maritime labor industry is a highly competitive and regulated sector, while the management of multinational crew and the transferability of seafarers from ship to office positions require for advanced human resource management practices. The aim of this course is to provide the principles of managing maritime human resources, both the seagoing and shore-based personnel, considering the today’s market conditions. The course will provide an overview of key concepts related to Crew and Human Resource Management, including Human resource planning in shipping; Recruitment and selection of ship’s and shore- based personnel; Performance evaluation of maritime human resources; Compensation and rewards of seagoing labor and Management of multicultural crews. Further, the course will discuss the profile of the world maritime labor market, selection criteria of the seafarer’s profession that affect retention, outsourcing of manning and the new Maritime Labor Convention (MLC2006).
Maritime Law
28 | 2
The course enables students to understand the basic concepts of the law relating to shipping, so as to bolster their prospects of professional, commercial or business employment. Notions such as the ship, admiralty jurisdiction, arrest, ship mortgage, maritime lien, marine insurance shall be examined and analysed. Furthermore, it is opted to enhance students’ interpretational skills when examining legal instruments. Finally, students are expected to develop other skills, such as problem solving, legal research, independent study and critical evaluation. Successful students shall demonstrate a satisfactory knowledge of various concepts of shipping law. They should be in a position to apply the relevant law to hypothetical problems, to evaluate critically legal situations and reach reasoned conclusions.
Production & Operations Management
28 | 2
Production and Operations management can be defined broadly as the process steps that fulfil the production and delivery of “goods”, where “goods” include both material products and intangible services that offer some utility to the end consumer and the overall process subsumes all stages required to transform a product from a rough idea in a brainstorming meeting to the end customer offering. This course focuses on managerial decisions in production and operations and their interrelationships with the other functional areas of the firm. Major areas of study include the design of productive systems, strategic planning, and operations planning and control. Specific topics cover the areas of process and job design, facility planning, capacity planning, distribution planning, inventory management and production planning and control.

4th Period | March – April

Courses Hours | Credits
Shipping Finance
28 | 2
Due to the fact that the shipping industry is a capital intensive and volatile industry, the course focuses on the critical evaluation of the various financial methods under risky and uncertain situations. The course focuses on the general principles of financial management by ship owning and ship operating companies and the impact economic variables on the financial operations of shipping business organizations. The aim of this course is to give students an appreciation of the problems, issues and alternative methods involved in shipping finance. The end goal is to provide students with the tools necessary to conduct accurate financial analysis for investment purposes in the shipping industry. At the end of the course, the students will be able to develop, appraise, negotiate and choose among alternative investment proposals in shipping.
Business Risk Management in Shipping
28 | 2
The highly volatile (risky) business environment, in which companies in the shipping industry operate, makes it imperative for them to identify the sources of risk that they face, but also to know how to deal with them effectively. Implementing risk management strategies in the increasingly sophisticated and competitive environment that companies operate nowadays, can often make the difference between being able to stay in business or not. It can give these companies a comparative advantage over the intense competition that they face in the sector. The aim of this course is to provide the needed knowledge in the areas of derivatives and risk management in shipping. Both traditional methods of risk management and more recent derivatives instruments are extended to the shipping industry through this course.
Marine Insurance & Carriage of Goods by Sea
28 | 2
The first part of the course is to introduce students to the issues involved in insuring the various interests that may arise in vessels and their cargoes. The course examines the types of policy available, the legal issues that arise in the placement and claims processes and the risks covered by the standard form of marine insurance wordings available. The second part of the course is to provide the principles of law governing the carriage of goods by sea and admiralty jurisdiction. It further focuses on liability in terms of the cargo transported and claim implications. The aim of the course is to enable students to understand, analyse and critically evaluate the processes which affect a shipping company in relation to marine insurance issues and to the law of carriage of goods by sea.
Management Accounting
28 | 2
This is a course on cost and management accounting. The course focuses on some of the technical aspects of management accounting as well as on management control issues (the use of accounting information for planning and control). Techniques and issues related to activity based costing, target costing, transfer pricing and strategic management accounting, in their organizational context, will be addressed. Students will be required to read published academic research as well as practice based material. Some of the topics covered during the course include: the meaning and role of management accounting, branches of management accounting, costing terms and purposes, cost-volume-profit analysis, cost allocation, job and product costing, budgeting, standard costing and variance analysis.
International Field Consulting Project
56 | 4

5th Period | May – July

Courses Hours | Credits
Negotiations
14 | 1
In the wide sense of the term, negotiating with others (both partners and rivals) is a necessary feature of all managerial jobs. In this course students are introduced into the fundamentals of effective negotiations: how to think strategically, what tactics to engage in, and what goals to aim at. The objective of this course is to improve participants’ ability to avoid traps in negotiations and help them see their range of rational options (and their ramifications) in particular situations. The course is designed to provide participants a conceptual framework for preparing and conducting negotiation, and to give them some experience in using this framework.
Business Ethics & Corporate Social Responsibility
14 | 1
Understanding the ethical basis of human behaviour is of fundamental importance for building commitment to organizational goals and for imparting integrity and a sense of the common good in organizational members. The course examines a broad array of matters relating to ethics, including: individual and organizational obstacles to ethics; ethics information processing methods and judging theories; an action-learning framework for ethics leadership; adversarial win-lose ethics methods; integrative win-win ethics methods; dialogic transcendent ethics method; reflection and developing personal and contingency ethics leadership approaches; developing on ethics leadership action-learning plan.
Leadership Development II
14 | 1
Management consists of a set of universal skills that are well understood and trainable. Leadership consists of how each one of us makes a unique difference to the challenges we face with people and projects. It is not about wasting our energy trying to make ourselves more effective by changing our characters. Instead, it is more effective to find new and better ways of ‘being ourselves’ through enhanced insight and skill.  The purpose of this course is to assess and improve your readiness to function well as a leader by making your time at ALBA a self-directed journey of learning and development. The specific objectives are to develop an awareness of the knowledge and skills that underlie leadership effectiveness; to obtain individual-level feedback utilizing some of the best existing assessment instruments; to share feedback on your own and others’ skills and to craft a personal leadership development action plan.
Liner Shipping & Ports
28 | 2
Approximately 90% of non-bulk cargo worldwide is moved by containers stacked on transport ships.  Containerization has brought a big change in the way trade is done. It has greatly reduced the expense of international trade and has increased its speed, especially of consumer goods and commodities. Liner shipping is the service of transporting goods by means of high-capacity, ocean-going ships that transit regular routes on fixed schedules. Meanwhile, seaports play a tremendous role in the transportation chain. This course intends to give an insight of the liner shipping industry and the way that seaports operate.
Ship Chartering & Charter Party Analysis
28 | 2
The aim of this course is to provide in-depth and holistic understanding of charter markets, chartering practice and charter party analysis in dry cargo and tanker shipping. Content includes the procedures and practices in chartering merchant ships in the dry cargo and tanker markets, their commercial employment under various forms of chartering and the detailed calculation of financial (freight) performance, voyage planning and lay time estimations. The module provides an in-depth analysis of charter party forms and adopts a legal and commercial perspective to analyze significant clauses and to explain various specialized terms in dry cargo and chartering contracts. The market structure of dry cargo and tanker industries are also analyzed and an overview of the practitioners involved (brokers, owners, charterers) is provided as are the sources of data and information required to initiate, negotiate, agree, execute and assess a successful charter party contract in the dry bulk and tanker markets.
Strategic Management for Shipping Services
28 | 2
The effective and daily strategic management of companies operating in the shipping service sector is of the most paramount importance. Managers, thus, are in need of strategic making skills as ever. Strategy is the set of objectives and policies that set to define how a shipping service provider positions itself to gain competitive advantage and increase returns for its owner and stakeholders. Two questions are of importance, then: “What business should we participate in” and “How should we compete?” In answering these questions, the external environment and the internal company resources and capabilities take a central role. Through case studies and assignments, participants learn to use tools for analyzing, creating and, communicating strategies in the shipping industry.
International Field Consulting Project
- | 0

PART TIME

Total Year Schedule 2018 -2020 (Part time mode) - 38 credits

The school reserves the right to reexamine the structure of all academic programs and proceed to any necessary changes in the total year schedules.

 

1st Period | September – October

Courses Hours | Credits
Maritime Economics
28 | 2
Sea transportation has been an important catalyst of world trade and economic growth. Globalization of the world economy, increased competition and rapid technological change has resulted in lowered transport costs. High volatility in prices, uncertainty, capital concentration and global competition of the shipping markets, have made effective economic skills a requirement for shipping organizations. The aim of this course is to provide the maritime economic principles and theory required for the effective management of a shipping company, which operates in the global competitive shipping environment, under the appropriate policy perspectives. The students will be able to understand the economic organization of the shipping market, to analyse the shipping market cycle and the shipping markets, as well as the supply and demand conditions and the trade patterns in seaborne transportation.
Leadership Development
14 | 1
Assess your leadership skills and develop the competencies in order to effectively lead your teams. This part of the course focuses on self-awareness and leadership transitions. Through a comprehensive 360-degree feedback survey and a Big-Five personality assessment, explore your own ability to be effective leaders and identify the strengths that will allow you to influence and energize a team to high performance.
Business Statistics
14 | 1
Today's business environment is characterised by abundance of information and increasing uncertainty and complexity. Against this background, analysing probabilistic/statistical information, understanding the relationship between business factors, evaluating risks and turning data into actionable knowledge are essential skills for competent management. The main objective of the course is to help participants assimilate statistical concepts as well as acquire skills in applying these concepts using modern software. Topics covered include descriptive statistics, probability distributions, sampling, hypothesis testing and regression analysis.
Business Writing & Presentation Skills Workshop
14 | 1
Team Building
- | 0
The aim of the workshop is to provide participants with a fulfilling and lively event, in order to introduce them to the importance of teamwork.  By taking part in planned outdoor activities and exercises and through mutual support, the team enables itself to overcome difficulties and built strong bonds.  Furthermore, this process will result into the formation of the groups that participants are going to work with during their studies.

2nd Period | November – December

Courses Hours | Credits
Financial Accounting
14 | 1
The course explores the ‘art’ of financial accounting / financial reporting.  In particular, the goal of the course is to provide the knowledge and skills required for the understanding and use of financial accounting information for decision making.  Some of the topics covered during the course include: the role and importance of financial reporting, the role of the main players in the accounting communication process, including the management, auditors and stakeholders, the effects of the use of different accounting methods and estimates on the financial statements and the subsequent impact on decision making, ways of analysing, interpreting and evaluating financial statements.  During the course, extensive reference is made to the annual reports of various companies, as well as to accounting scandals (e.g. ENRON), for the facilitation of knowledge and understanding.
Business Decisions with Data Models
28 | 2
This course aims to enhance business problem modelling and solving skills by integrating concepts and frameworks from Statistics and Decision Science with modern Information Technology. Emphasis is placed on evaluating risks and using the theory of normative decision making to compare decision alternatives under uncertainty. Participants will learn how to structure complex management problems and combine quantitative analysis with judgment and critical thinking.  Topics covered include forecasting, decision analysis, Monte-Carlo simulation and business optimization. It is a practical course that uses case studies and spreadsheets to illustrate how to apply the methodologies introduced.

3rd Period | January – February

Courses Hours | Credits
Financial Analysis
14 | 1
This course presents the main methods of financial analysis for decision making. Following the course of financial accounting, this course concentrates on the analysis of the firm’s financial statements in order to derive important information about the investing, operating, and financing activities of the firm. The course introduces the major issues in the theory and policy of finance with emphasis in the following areas: Objectives of the Financial Manager; Analysis of balance sheet, income statement and statement of cash flows; Ratio analysis, Planning and Forecasting of financial statements; Working capital Management; Description of financial markets and discussion of the time value of money theory. After the completion of this course students will be able to assess the financial health of a company, identify the financial strengths and weaknesses of a company, predict the financial position of a firm in the near future and incorporate the time value of money in the decision making process.
Production & Operations Management
28 | 2
Production and Operations management can be defined broadly as the process steps that fulfil the production and delivery of “goods”, where “goods” include both material products and intangible services that offer some utility to the end consumer and the overall process subsumes all stages required to transform a product from a rough idea in a brainstorming meeting to the end customer offering. This course focuses on managerial decisions in production and operations and their interrelationships with the other functional areas of the firm. Major areas of study include the design of productive systems, strategic planning, and operations planning and control. Specific topics cover the areas of process and job design, facility planning, capacity planning, distribution planning, inventory management and production planning and control.

4th Period | March – April

Courses Hours | Credits
Shipping Finance
28 | 2
Due to the fact that the shipping industry is a capital intensive and volatile industry, the course focuses on the critical evaluation of the various financial methods under risky and uncertain situations. The course focuses on the general principles of financial management by ship owning and ship operating companies and the impact economic variables on the financial operations of shipping business organizations. The aim of this course is to give students an appreciation of the problems, issues and alternative methods involved in shipping finance. The end goal is to provide students with the tools necessary to conduct accurate financial analysis for investment purposes in the shipping industry. At the end of the course, the students will be able to develop, appraise, negotiate and choose among alternative investment proposals in shipping.
Business Risk Management in Shipping
28 | 2
The highly volatile (risky) business environment, in which companies in the shipping industry operate, makes it imperative for them to identify the sources of risk that they face, but also to know how to deal with them effectively. Implementing risk management strategies in the increasingly sophisticated and competitive environment that companies operate nowadays, can often make the difference between being able to stay in business or not. It can give these companies a comparative advantage over the intense competition that they face in the sector. The aim of this course is to provide the needed knowledge in the areas of derivatives and risk management in shipping. Both traditional methods of risk management and more recent derivatives instruments are extended to the shipping industry through this course.

5th Period | May – July

Courses Hours | Credits
Negotiations
14 | 1
In the wide sense of the term, negotiating with others (both partners and rivals) is a necessary feature of all managerial jobs. In this course students are introduced into the fundamentals of effective negotiations: how to think strategically, what tactics to engage in, and what goals to aim at. The objective of this course is to improve participants’ ability to avoid traps in negotiations and help them see their range of rational options (and their ramifications) in particular situations. The course is designed to provide participants a conceptual framework for preparing and conducting negotiation, and to give them some experience in using this framework.
Business Ethics & Corporate Social Responsibility
14 | 1
Understanding the ethical basis of human behaviour is of fundamental importance for building commitment to organizational goals and for imparting integrity and a sense of the common good in organizational members. The course examines a broad array of matters relating to ethics, including: individual and organizational obstacles to ethics; ethics information processing methods and judging theories; an action-learning framework for ethics leadership; adversarial win-lose ethics methods; integrative win-win ethics methods; dialogic transcendent ethics method; reflection and developing personal and contingency ethics leadership approaches; developing on ethics leadership action-learning plan.
Liner Shipping & Ports
28 | 2
Approximately 90% of non-bulk cargo worldwide is moved by containers stacked on transport ships.  Containerization has brought a big change in the way trade is done. It has greatly reduced the expense of international trade and has increased its speed, especially of consumer goods and commodities. Liner shipping is the service of transporting goods by means of high-capacity, ocean-going ships that transit regular routes on fixed schedules. Meanwhile, seaports play a tremendous role in the transportation chain. This course intends to give an insight of the liner shipping industry and the way that seaports operate.

6th Period | September – October

Courses Hours | Credits
Managing People & Organizations
28 | 2
The course provides an overview of the core areas of management theory and organizational behaviour with a special emphasis on issues of organizational structures, culture and values, employee motivation and job design, leadership and power, group processes as well as organizational learning and knowledge management. It will help participants understand the complex relation between individuals, groups and organizations and will introduce the concepts and the tools for effective management of the human capital. It will also help them understand how they can become change catalysts by performing their leadership role as managers; how they can manage knowledge; how they can inspire people to put extra effort for achieving the organizational vision and for outstanding performance and results. Through case studies, videos and discussion, students will have the opportunity to exercise their critical thinking and build people management skills by applying organizational theory to a broad range of organizational types, settings, and challenges.

7th Period | November – December

Courses Hours | Credits
Ship Technology
28 | 2

8th Period | January – February

Courses Hours | Credits
Maritime Law
28 | 2
The course enables students to understand the basic concepts of the law relating to shipping, so as to bolster their prospects of professional, commercial or business employment. Notions such as the ship, admiralty jurisdiction, arrest, ship mortgage, maritime lien, marine insurance shall be examined and analysed. Furthermore, it is opted to enhance students’ interpretational skills when examining legal instruments. Finally, students are expected to develop other skills, such as problem solving, legal research, independent study and critical evaluation. Successful students shall demonstrate a satisfactory knowledge of various concepts of shipping law. They should be in a position to apply the relevant law to hypothetical problems, to evaluate critically legal situations and reach reasoned conclusions.
HR in Shipping
14 | 1
The maritime labor industry is a highly competitive and regulated sector, while the management of multinational crew and the transferability of seafarers from ship to office positions require for advanced human resource management practices. The aim of this course is to provide the principles of managing maritime human resources, both the seagoing and shore-based personnel, considering the today’s market conditions. The course will provide an overview of key concepts related to Crew and Human Resource Management, including Human resource planning in shipping; Recruitment and selection of ship’s and shore- based personnel; Performance evaluation of maritime human resources; Compensation and rewards of seagoing labor and Management of multicultural crews. Further, the course will discuss the profile of the world maritime labor market, selection criteria of the seafarer’s profession that affect retention, outsourcing of manning and the new Maritime Labor Convention (MLC2006).

9th Period | March – April

Courses Hours | Credits
Marine Insurance & Carriage of Goods by Sea
28 | 2
The first part of the course is to introduce students to the issues involved in insuring the various interests that may arise in vessels and their cargoes. The course examines the types of policy available, the legal issues that arise in the placement and claims processes and the risks covered by the standard form of marine insurance wordings available. The second part of the course is to provide the principles of law governing the carriage of goods by sea and admiralty jurisdiction. It further focuses on liability in terms of the cargo transported and claim implications. The aim of the course is to enable students to understand, analyse and critically evaluate the processes which affect a shipping company in relation to marine insurance issues and to the law of carriage of goods by sea.
Management Accounting
28 | 2
This is a course on cost and management accounting. The course focuses on some of the technical aspects of management accounting as well as on management control issues (the use of accounting information for planning and control). Techniques and issues related to activity based costing, target costing, transfer pricing and strategic management accounting, in their organizational context, will be addressed. Students will be required to read published academic research as well as practice based material. Some of the topics covered during the course include: the meaning and role of management accounting, branches of management accounting, costing terms and purposes, cost-volume-profit analysis, cost allocation, job and product costing, budgeting, standard costing and variance analysis.
International Field Consulting Project
56 | 4

10th Period | May –July

Courses Hours | Credits
Leadership Development II
14 | 1
Management consists of a set of universal skills that are well understood and trainable. Leadership consists of how each one of us makes a unique difference to the challenges we face with people and projects. It is not about wasting our energy trying to make ourselves more effective by changing our characters. Instead, it is more effective to find new and better ways of ‘being ourselves’ through enhanced insight and skill.  The purpose of this course is to assess and improve your readiness to function well as a leader by making your time at ALBA a self-directed journey of learning and development. The specific objectives are to develop an awareness of the knowledge and skills that underlie leadership effectiveness; to obtain individual-level feedback utilizing some of the best existing assessment instruments; to share feedback on your own and others’ skills and to craft a personal leadership development action plan.
Ship Chartering & Charter Party Analysis
28 | 2
The aim of this course is to provide in-depth and holistic understanding of charter markets, chartering practice and charter party analysis in dry cargo and tanker shipping. Content includes the procedures and practices in chartering merchant ships in the dry cargo and tanker markets, their commercial employment under various forms of chartering and the detailed calculation of financial (freight) performance, voyage planning and lay time estimations. The module provides an in-depth analysis of charter party forms and adopts a legal and commercial perspective to analyze significant clauses and to explain various specialized terms in dry cargo and chartering contracts. The market structure of dry cargo and tanker industries are also analyzed and an overview of the practitioners involved (brokers, owners, charterers) is provided as are the sources of data and information required to initiate, negotiate, agree, execute and assess a successful charter party contract in the dry bulk and tanker markets.
Strategic Management for Shipping Services
28 | 2
The effective and daily strategic management of companies operating in the shipping service sector is of the most paramount importance. Managers, thus, are in need of strategic making skills as ever. Strategy is the set of objectives and policies that set to define how a shipping service provider positions itself to gain competitive advantage and increase returns for its owner and stakeholders. Two questions are of importance, then: “What business should we participate in” and “How should we compete?” In answering these questions, the external environment and the internal company resources and capabilities take a central role. Through case studies and assignments, participants learn to use tools for analyzing, creating and, communicating strategies in the shipping industry.
International Field Consulting Project
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FACULTY

The Professors

Course Faculty
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Ioannis Alexopoulos
Director - Maritime Finance, Eurofin Group view more
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Evangelia Baralou Academic Director of the MSc in Tourism Management
Senior Lecturer in Organisation Studies, Open University, UK view more
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Ilias Bissias
Director of Naftika Chronika view more
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Andreas Charitou
Professor of Accounting, University of Cyprus view more
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Kostis Christodoulou
Consultant view more
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Iliana Christodoulou-Varotsi
Legal Consultant & Lead Trainer, Visiting Lecturer ALBA view more
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Alkis Corres
Executive Advisor on European Affairs: Hellenic Shortsea Shipowners' Association view more
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Dionysis Dionysiou Academic Director of the MSc in Strategic Human Resources Management
Associate Professor of Organization and Management view more
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Alexandros Glykas
Director of DYNAMARINe Co. view more
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George Hadjinicola
Professor of Operations Management, University of Cyprus view more
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Pavlos Emmanuelides
Business Consultant & Entrepreneur view more
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Stylianos Kotsias
Lecturer, DEREE-The American College of Greece view more
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Charalampos Mainemelis
Professor of Organizational Behavior view more
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Maria Moragianis
Director Career and Alumni office view more
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Richard Nielsen
Professor, Boston College view more
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Nikolaos Pentheroudakis
Shipbroker - Maritime Education expert view more
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Harilaos Psaraftis
Professor, Technical University of Denmark (DTU) view more
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Miquel Roca
Managing Partner at London Maritime Arbitration Legal Services Ltd. view more
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Andreas Robotis
Assistant Professor of Decision Sciences view more
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Andreas Soteriou
Professor of Operations Management, University of Cyprus view more
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George Theocharidis
Associate Professor, World Maritime University view more
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Dimitris Tsouknidis
Lecturer,Department of Commerce, Finance and Shipping, Cyprus University of Technology view more
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Ilias Visvikis
Professor and Director of Office of Executive and Professional Education at American University of Sharjah view more
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Kyriakos Vlahos
Adjunct Associate Professor of Decision Sciences view more
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Seraphim Voliotis
Assistant Professor of Strategy view more
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Stefanos Zarkos Academic Director of the MSc Programs: MSc in Finance; MSc in International Business & Management; MSc in Business for Lawyers; MSc in Entrepreneurship
Associate Professor in the Practice of Finance view more

CAREER

Through the MBA in Shipping programm you will:

  • Have a deep understanding of the international business environment of shipping, as well as its rules and regulations.
  • Exhibit leadership and provide solutions to complex problems and issues faced by the maritime industry.
  • Empirically apply tools and methods in commercial decisions of shipping companies.
  • Be able to apply an all-around academic knowledge into business practice.

SCHOLARSHIPS

Scholarships Scheme

You can secure pre-approval of your scholarship, before you apply for admission to the MBA or MSc program of your choice.

Apply for scholarship

GMAT Scholarships

 Those candidates who bring GMAT score from 700 and above, will be granted a scholarship of 60% of the total tuition fees for all MBA and MSc's (Excluding the Executive MBA, Double Masters for Lawyers and the MSc in ISF Programs). Candidates with high GMAT bellow 700 are also eligible for smaller scholarships.

>> View More about the specific scholarship

SEV (Hellenic Federation of Enterprises) Scholarships

SEV (Hellenic Federation of Enterprises) offers ten (10) partial scholarships for graduate studies at ALBA.

Scholarships are open only for the academic year 2018 – 2019, will cover 50% of total fees and are addressed exclusively to Small and Medium Enterprises – members of SEV, offered as rewarding services to the members of the Federation.

Applications can be submitted online here with the indication “SEV scholarship” noted at the field Scholarship-Financial Aid. Deadline is set for 16 July, 2018

Note that the evaluation of applications and the final selection will be made from ALBA Graduate Business School, The American College of Greece. All applicants need to meet the eligibility criteria of the program they apply for and to go through the standard admission procedure and personal interview.

Scholarships are open for the following programs

  • The ALBA MBA
  • MSc in Finance
  • MSc in Risk Management
  • MSc in International Business & Management
  • MSc in Business for Lawyers
  • MSc in Strategic Human Resources Management
  • MSc in Marketing
  • MSc in Entrepreneurship

 

Hear the current scholar talking about this initiative and their personal experience!

 

For any additional information please  fill in the below form or contact Ms. Antonina Kalkavoura at 210 8964531 (ext. 2253) |  [email protected]

 

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>> View More about the specific scholarship

Green Award

The Green Awards offers Green Award Companies and Ships a 10% Scholarship on post-graduate degree programs and executive development courses. The offer applies to all employees and their offspring of all certified companies / vessels.

More information here 

>> View More about the specific scholarship

Hellenic Shipbrokers Association

The Hellenic Shipbrokers Association offers 2 partial scholarships for the MBA in Shipping and the MSc in Shipping Management Programs to two  graduates of the S.G.C.(SHIPBROKING GNOSIS CERTIFICATE). 

The scholarships are open to all S.G.C. graduates with high Average Grade who wish to apply for the ALBA MBA in Shipping Program and/or the MSc in Shipping Management Program, for the academic year 2018-2019

Who should apply - Admission Criteria

The following persons are entitled to apply for the Scholarships:

  • Holders of Shipbroking Gnosis Certificate
  • Holders of bachelor's degrees in a relevant discipline or an equivalent professional qualification from an accredited Institution, including Merchant Marine Academies.
  • Fluency in English
  • For the MBA only, at least three years of work experience in the maritime-oriented sector
  • For the MBA only , a minimum GMAT score of 550 is expected 
  • Two strong recommendations from employers and/or professors
  • Satisfactory performance in a personal interview

 

For more information on the MBA in Shipping and the MSc in Shipping Management Programs you may contact Ms. Marilia Koukou, tel.: +30 210 896 4531, e-mail: [email protected]

>> View More about the specific scholarship

The Fraternity of the Athenian Hydriots

The Fraternity of the Athenian Hydriots in collaboration with ALBA offer two partial scholarship that covers 50% of the tuition fees for the MBA in Shipping and the MSc in Shipping Management Programs. The final selection will be made from ALBA based on a ranking of candidates and in collaboration with The Fraternity. Results will be announced by the end of August.

 

>> View More about the specific scholarship

Master's and Mates Union of Greek Merchant Marine (Π.Ε.Π.Ε.Ν.)

Master's and Mates Union of Greek Merchant Marine offers 4 partial scholarships  for the MBA in Shipping and the MSc in Shipping Management Programs to its members and their offspring.

>> View More about the specific scholarship

WISTA Hellas "Women in Shipping Scholarship Series"

Recognizing the continuous increase and importance of women working in the maritime sector, WISTA Hellas offers 2 partial scholarships in the form of financial aid  to two women working in the maritime sector.

The “Women in Shipping Scholarship Series” coincides with one of the main objectives of WISTA Hellas, to support women that wish to pursue a professional career in the maritime sector and promote the continuing education and networking opportunities of women involved in shipping. 

Who should apply - Admission Criteria: The following persons are entitled to apply for the Scholarships:

  • Women working (or wish to work) in the maritime sector 
  • Minimum age: 25 years old 
  • Holders of bachelor's degrees in a relevant discipline or an equivalent professional qualification from an accredited Institution, including Merchant Marine Academies. 
  • At least three years of work experience - for the MBA only 
  • Fluency in English
  • Two strong recommendations from employers and/or professors
  • Satisfactory performance in a personal interview

    NOTE: Being a WISTA member is not a prerequisite in order to apply.

Priority Criteria: Upon complying with the minimum standards given above, for candidates of equal qualifications, priority will be given to:

  • Low income persons 
  • Persons with special needs 
  • Women with 3 or more children or with a child with special needs 

>> View More about the specific scholarship

Next Generation Family Business Scholarship

ALBA Graduate Business School offers three partial scholarship  for any of the Academic Programs at ALBA (Executive MBA, MSc in ISF and Double Masters for Lawyers candidates are not included) to a member of the next generation of a family business. 

The ALBA Hub for Entrepreneurship and Development offers the “Next Generation Family Business Scholarships” in an effort to encourage growth of and succession in family businesses in Greece. It aims to support upcoming business leaders so that they can excel in such a demanding role.

The Scholarships are awarded to a member of the family business’ next generation that is expected to assume a leading role within the upcoming years. Both the academic background, as well as the applicant’s aspirations and plans for the business’ future will be taken into account.

>> View More about the specific scholarship

FPower partial Scholarship

FPower  offers one partial and merit based scholarship for any of the postgraduate degrees offered by ALBA for academic period of 2018/19. This scholarship complements FPower’s activities, and aims at supporting female leadership by giving access to knowledge and skills.

The scholarship is available to interested applicants from FPower’s community, who aspire to assume leadership roles and introduce innovative solutions in terms of both career and society. 

Applicants interested in receiving this scholarship need to inform FPower by:

  1.  Signing up here
  2.  And filling out the form that may be found here.

Following a positive response, prospective students need also to apply for the postgraduate degree they wish to study for at ALBA. Applicants should meet the overall criteria for the degree program they will be applying for.

The scholarship recipient will be selected among the applicants who have been successfully gone through the academic evaluation process by a joint FPower and ALBA 

>> View More about the specific scholarship

24th Economia Competition

50% scholarship for one of our shipping programs to all members of the winning team of the “Economia” competition

  • MBA in Shipping
  • MSc in Shipping Management

>> View More about the specific scholarship

ADMISSION REQUIREMENTS

To be considered for admission, candidates must:

  • Hold a bachelor’s degree; - Provide evidence of excellent command of the English language;
  • Have a minimum of three years substantial work experience (military service not included);
  • Need to be currently employed or self-employed (valid for the part time mode only) GMAT tests are optional unless the Academic Committee requires the applicant to take them: in any case, scores of 550 or more (GRE >155) can strengthen your application and help you secure a scholarship.

Candidates must submit:

  • The completed application form, including one recent photograph in jpeg format;
  • Two letters of recommendation in Greek or in English language.
  • Official Academic Transcripts as well as Certified copies of degrees from each undergraduate, graduate or professional degree earned;
  • Proof of competence in the English language (unless schooled in English), e.g. Proficiency or TOEFL or IELTS.
  • Three Essays, as indicated in the Application form;
  • Receipt of the non-refundable application fee's [€60] deposit

Click here to download the details for admission.

To learn more about academic policy, course credit policy, fees policy and rules for student conduct read the Student Handbook 

REQUEST A BROCHURE

Request a brochure

Fill out this form to get your copy of our brochure and the contact information of our the Admissions department for further information.

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Details

CONTACT

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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.

Get in touch with us
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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.

Just fill out and submit the form below and we will respond to you as quickly as possible.

Tel.: +30 210 89.64.531-8

Fax: +30 210 89.63.302

e-mail: [email protected]

Fill out the form Just submit the form below and we will respond to you as quickly as possible.

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