developing sectors of shipping. Greece represents one of the most popular cruise destinations in the Mediterranean region. Cruise activity in Greece has developed since the early 1930s to the top maritime tourism destination in the EU. Despite the great maritime tradition of Greece‚ the national economic statistics available are limited to the collection of certain data. In 2003‚ the Port of Piraeus hosted 543 calls by cruise ships carrying 386.000 passengers. Each of this call creates unidentified
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Introduction The cruise industry has been growing between 1990 to 2005‚ recording an expansion of passenger level from 4.4 million to 13.9 million.1 The growth has led to cruise industries to build larger and diversified ships‚ and to provide more local ports‚ destinations and new on-board or on-shore activities that match demands of consumers.2 In order to cope with the global trend and become a leading regional cruise hub‚ the Kai Tak Cruise Terminal was built in May 2010 and
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The Ivory Coast Giving money for a positive cause is always a good thing especially when they create favorable long term effects. There are numerous countries suffering for several different reasons all around the world‚ one of these countries being The Ivory Coast. The Ivory Coast is failing in different aspects because of certain social‚ economic and political issues. One of the biggest problems to date is the poor education system. We plan to repair the countries damaged education system by
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Additional Accounting Guidance Recoverability Test and Calculation of Impairment Loss Alternative Analysis Summary and Recommendations Appendix Operates one cruise ship that is financed with nonrecourse debt. Decline of 30% in cash flow due to presence of pirates. Financial position as of December 31‚ 2010 ($ in millions) • • • • • Cruise Ship Estimated Fair Value Net Book Value Net Carrying Value Nonrecourse Debt Net Working Capital (Directly Attributable) Remaining Useful Life of Asset $3.0
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Pollution Caused by Cruise Ships James Tapp Business Ethics‚ BUAD 5304 Cruise ships and the industry as a whole are vital to the economic stability of the local port cities in which they dock at daily. These ships carry up to 3‚000 passengers who spend enormous amounts of money at tourist locations around the world. It is estimated that millions of dollars are generated and placed into the tourism markets annually. This is great news for local communities that depend on the cruise ship industry
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------------------------------------------------- Pollution The litter problem on the coast ofGuyana‚ 2010 Pollution is the introduction of contaminants into the natural environment that cause adverse change.[1] Pollution can take the form of chemical substances or energy‚ such as noise‚ heat or light. Pollutants‚ the components of pollution‚ can be either foreign substances/energies or naturally occurring contaminants. Pollution is often classed as point source or nonpoint source pollution
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Since the Kai Tak Cruise Terminal opened‚ cruise tourism has been developed rapidly. In 2017‚ the number of ship calls attains about 250 while passenger throughput attains 850000 (“Speech by‚” 2017). Recently‚ World Dream launched homeport in Hong Kong. By developing cruise tourism‚ is there any impacts affect Hong Kong and the region? For economic aspect‚ Hong Kong and the region can be benefited from cruise tourism. With increasing number of cruise tourists‚ it brings economic benefit to the
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Carnival Cruise Lines case Questions 1. What global forces have contributed to the growth of the cruise industry? Two major factors that have contributed to the growth of the cruise industry are the change in the competitive environment brought about by the advent of transoceanic airline service and increasing discretionary incomes. As demand for liner travel declined in response to the development of less expensive and much faster air service‚ shipping lines were forced to respond to
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Cunard 175 is promotional campaign used to retrieve and endorse the years of customer service that Cunard Cruises has accustomed. I have written this report in order to denote how the marketing strategies for this campaign has been influenced by previous advertisements and the way they have used their traditional techniques to maintain their typical demographic while simultaneously encouraging new audiences. This report will cover the Cunard 175 marketing techniques as well as drawing upon other
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flows as well as the process of planning and managing a firm’s long-term investments. The goal is to achieve a hugher value of cash flow generated by assets than the cost of it. The example would be a new restaurant (e.g. Tri-Con Global Restaurants‚ Inc.) which makes an investment when it opens a new Pizza Hut restaurant. Where will we get the money for those investments from? Capital Structure: Specific mixture of long-term debt and equity the firm uses to finance its operations; also how and when
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