For centuries, international shipping has been critical to the development of world trade. The inter-relationships between falling transportation costs, economic growth and globalisation are in continual motion as supply chain networks ceaselessly evolve. These elements: shipping, trading patterns and organization are the fundamentals of the programme while the legal, financial, and managerial aspects of trade and transport form the superstructure.
The course delivers a comprehensive integrated overview of the core subjects essential to a thorough understanding of international trade and transport. Specifically, the course aims to develop the generic business skills required by managers working in the area of international trade and maritime business; develop critical analytical skills and apply them to the challenges they continually meet.
The interdisciplinary nature of the programme prepares students as future professionals who can function effectively in the complex business environment of the global marketplace. The diversity of supporting activities within the highly dynamic trade and maritime industry and its various sectors, consisting of many hundreds of large, medium and small firms, makes this choice possible. Graduates of this programme will have a variety of career options, including import and export business, ship management, commercial management, insurance, freight forwarding, transportation and logistics, port agency, trade and ship finance, maritime regulation as well as a variety of other administrative posts in the private and public sectors.
The specific objectives of the MSc in International Trade and Shipping Management are that the students:
Students of the program are also offered the opportunity to focus on an elective group of subjects of their choice, and obtain a ‘concentration’ in one of three areas:
The language of instruction is English.
Upon successful completion of this program, the students should be able:
Significant recent developments in the business sectors in Cyprus make both postgraduate Programmes of studies especially relevant. The island is considered to be one of the world’s leading maritime centres and is fast becoming a new European hub for imports and re-exports activities linking Europe with the Far East in ways previously unexplored. At the same time the energy sector in Cyprus is also developing rapidly.
There is a variety of career options upon completion of any of these two Master's Degree Programmes including import and export business, ship owning and ship management, chartering, commercial legal services and consultancy, banking and finance, oil and gas trading and management, insurance, freight forwarding, transportation and logistics, port management, shipping agency, as well as a variety of posts in the public administration and government.
Graduates of these Programmes will be positioned favourably in the local and international market for the newly created employment opportunities. They will be able to undertake managerial, legal and executive responsibilities. Those already in employment are expected to enhance their career prospects and be prepared to face the challenges of a more demanding position.
Required Modules
The student must successfully complete 48 ECTS, from the following list of modules:
| No. | Code | Name | ECTS | Hours / week |
| 1 | ITSM501 | INTERNATIONAL TRADE AND SHIPPING MANAGEMENT | 8 | 3 |
| 2 | ITSM502 | INTERNATIONAL MARITIME LAW AND CARRIAGE OF GOODS | 8 | 3 |
| 3 | ITSM503 | LOGISTICS AND SUPPLY CHAIN MANAGEMENT | 8 | 3 |
| 4 | ITSM505 | SHIP MANAGEMENT | 8 | 3 |
| 5 | ITSM506 | RESEARCH METHODS | 8 | 3 |
| 6 | ITSM507 | COMMODITY TRADES | 8 | 3 |
Elective and Concentration
The student must successfully complete 12 ECTS, from the following list of modules:
| No. | Code | Name | ECTS | Hours / week |
| 1 | ITSM512 | COMMERCIAL MANAGEMENT OF SHIPS | 6 | 3 |
| 2 | ITSM513 | BANKING AND FINANCE | 6 | 3 |
| 3 | ITSM514 | ECONOMICS OF INTERNATIONAL TRADE AND TRANSPORT | 6 | 3 |
| 4 | ITSM515 | GLOBAL TRADE REGULATIONS AND PRACTICE | 6 | 3 |
| 5 | ITSM518 | COMMODITY TRADING AND RISK MANAGEMENT | 6 | 3 |
| 6 | ITSM519 | OIL AND GAS MANAGEMENT | 6 | 3 |
Master's Dissertation
The student must successfully complete 30 ECTS, from the following list of modules:
| No. | Code | Name | ECTS | Hours / week |
| 1 | ITSM520 | DISSERTATION | 30 | 0 |
MSc also offers you the opportunity to focus on one (1) of the following elective groups, and earn a 'concentration' that best serves your career development:
Concentration: COMMERCIAL SHIPPING AND TRADE PRACTICES
ITSM515 Global Trade Practices
ITSM512 Commercial Management of Ships
Concentration: FINANCIAL MANAGEMENT
ITSM513 Banking and Shipping Finance
ITSM514 Economics of Sea Transport and International Trade
Concentration: OIL AND GAS MANAGEMENT
ITSM518 Commodity Trading and Risk Management
ITSM519 Oil and Gas Management
Transcripts for students who complete the concentration requirements will indicate the Concentration discipline.
To successfully complete the Master's Programme the student must complete a total of 90 ECTS. The required courses amount to 48 ECTS, while 12 ECTS are allocated to elective courses and the remaining 30 ECTS are allocated to the Master's Dissertation.
The Programme operates during the evening hours (6-9 pm) in order to accommodate working students. Each module is block-delivered within a two week period, providing a total of 36 contact hours over twelve days, plus a midterm exam and a final examination. Three required and one elective modules are offered during the first and second semesters. The third semester is taken up with work for the Dissertation.
In summary, the content of the MSc. International Trade and Shipping Management consists of the following components:
| Module Group | ECTS |
| Required Modules | 48 |
| Elective and Concentration | 12 |
| Master's Dissertation | 30 |
| TOTAL | 90 |
Candidates for a master degree must submit a recognized bachelor degree or qualification deemed to be equivalent to degree level as well as the official transcripts (grade reports) of their first-degree studies. In addition, there could be special requirements for various master programs.
Frederick University academic year consists of the fall and spring semesters. The calendar is arranged so that students may start classes either during the last week of September or the first week of February. Candidates may submit an application for admission in any of the semesters. Due to the fact that formalities for the issue of an entry visa take at least 6 weeks, candidates are urged to file an application at least 8 weeks prior to the expected date of enrolment. Students are expected to be on campus prior to the beginning of the intended semester/session. In response to arising need, courses could be provided within the summer period.
Candidates who are nationals of EU countries can enter Cyprus as visitors. On arrival at Frederick University they must submit to the Admission Office the following:
Furthermore, they must pay the registration fee, the semester tuition fees, and register for subjects. Next they must apply to the Migration Department for a temporary residence permit. The application to the Migration Department must be supported by evidence that they have paid their tuition fees for the semester, have enough funds for their initial living expenses and have obtained local health insurance coverage.
B. Applicants from non EU countries
International Students from non EU countries need to have a valid student visa in order to be allowed to enter Cyprus. The issue of an entry visa takes about 6 weeks from the date of the submission of the application. It is therefore recommended that candidates submit their application at least 8 weeks before the beginning of the semester. Cyprus Migration Department requirements in respect of the issue of a student visa, which from time to time may be modified, are available to candidates in a separate document.
Applicants are requested to contact the Office of Admissions to receive information and guidance regarding the proper documentation and formalities to be followed.
Personal interviews are not normally required as part of the admission process; however, Frederick University reserves the right to request an interview before making a final decision on accepting an applicant.
A good knowledge of the English language is required for all programs of Frederick University taught in English.
English Placement Test
Students whose native language is not English will have to take the Frederick University English Placement Test (FUEPT). Students who are qualified for exemption from the English Language Courses should apply to the Center of Languages with the necessary documentation. Further details regarding the policies and requirements for exemption can be obtained from the Admissions Office and the Center of Languages.
Students who are not competent in the English language are required to take special English classes to improve their skills and, when necessary, they will take reduced load for that semester. Students who may need a more vigorous preparation will take an intensive course in English before enrolling in a regular program. Intensive courses commence at the beginning of the fall and the spring semesters.
FULL PROGRAM TUITION FEES :
| DISCOUNTED FEES - €/ECTS | FOR FULL TIME STUDY (60 ECTS)- € |
| 100.00 | 9000 |
| On campus students | Euro |
| Application Fee | €35 payable once |
| Registration Fee | €25 per registration |
| Student Activity Fee | €20 per semester |
| Technology Fee | €20 per semester |
| Late Registration Fee | €25 |
| Transcript Fee | €5 per additional copy |
| Incomplete Make-up | €25 |
| Graduation Application Fee | €55 |
| Exam Waiver Fee | €25 |
| Second Examination Fee | €80 |
| Transfer Credit Evaluation | €40 |
| Distance Learning students | Euro |
| Application Fee | €35 payable once |
| Semester Registration & Technology Fee | €100 per semester |
Contact Person: Ferederick
Phone: +35722394394
Email: info@frederick.ac.cy
