Dongyeon Kim 1408392 Di Roberto Matteo 1681386 Gutiérrez Agustina María Manuela Rinaldi Claudia Valeri Stefano 1672146 Case Study: Ocean Carriers Corporate Finance Class 16 Group Name: Soul Analysts Ltd Executive summary Ocean Carriers is contemplating the opportunity of stipulating a 3-year leasing contract that would require commissioning the construction of a new vessel. In the short term applied hire rates are decreasing‚ just as they should be on the recovery side starting
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contract of only 3 years. Based on the calculations of the costs of construction against the value of the contract‚ it is recommended that Ocean Carriers not go ahead with the construction. However‚ if a strategic alliance can be created with another carrier to lease their vessels‚ Ocean Carriers should accept the contract. If the strategic alliance is mutual‚ Ocean Carriers should build the vessel to add on to its own fleet. Key Financial Issues Mary Linn has to deal with the following key financial
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Introduction Ocean Park‚ Hong Kong’s only homegrown theme park‚ was opened in 1977. It is the largest marine-based theme park in Asia‚ focusing on providing facilities for educational‚ recreational and conservation activities to the public. The park houses fourteen rides‚ an assortment of aquariums‚ a giant panda exhibit‚ observatories and educational laboratories. It is also the only Asian Park to be accredited by the American Zoo and Aquarium Association. Problem- Hong Kong Tourism In 2004‚
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PART VI Case Studies CASE STUDY 1 Ocean Park: In the Face of Competition from Hong Kong Disneyland Bennett Yim In April 2006‚ Ocean Park‚ Hong Kong’s only home-grown theme park‚ launched a syndicated loan to raise HK$4.1 billion for a master plan to revamp the Park.1 The master plan represented the Park’s strategic response to the arrival of Hong Kong Disneyland‚ which had opened the previous year. Ocean Park had expected attendance to drop significantly with Disney’s opening‚ but
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http://www.studymode.com/essays/Ocean-Carriers-133412.html Average daily hire rates are determined by market supply and demand. Factors such as the number of operating vessels‚ number of scrapped vessels per year‚ the age of the ships‚ the efficiency of ships‚ and market expectations of supply and demand; consequently‚ these factors drive average daily hire rates. Market conditions also drive rates since demand is dependent on the world economy. When the economy is strong‚ the demand increases‚
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Why do I do it? Why do I scare myself with the ocean…? It is true‚ it is merciless‚ literally; it’s not conscious‚ so it has no feelings‚ no remorse‚ no pity‚ no awareness. It would be wrong to say it is inanimate‚ because it is certainly animate. And not alive‚ yet contains so much life within it might as well be. Like a Frankenstein body filled with cells and bacteria and nerve impulses yet no consciousness. My worst nightmare – I don’t have it very often but it’s a strong one – can take
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Hossain Descriptive Essay July 2‚ 2013 The Ocean The ocean‚ from the Pacific to the Atlantic and the Indian to the Artic‚ is a vast and enchanting part of our world. The oceans of this world cover more than sixty six percent and that number is steadily rising. There are so many facets of the ocean that are yet to be discovered‚ but as someone who lives fifteen minutes away from a beach‚ it is hard not to be intoxicated by the allure that the ocean draws. Oceans have their own smell‚ feel‚ taste and sound
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Ocean Carriers Case Study Submitted by Fozia Abid Maryam Noor Nadia Farooq Umar Farooq Hamza Tariq Muhammad Mohsin Lahore School of Economics Ocean Carriers Report The fragmented shipping industry is one of the most essential industries for continuous globalization and growth; industry prospects are surprisingly stable in contrast to the normal logistics businesses that are highly cyclical. The factors that drive average daily hire rates are the age of vessels‚ market condition‚
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Case Study: ‘Ocean Carriers’ By: Alyssa Linder Wenliang Zhang Xhangoli‚ Eva 1. Daily spot hire rates are determined according to supply and demand of the shipping capacity. According to the article‚ the supply of ships available equals the number of ships currently in the fleet plus any new ships added‚ minus any scrapings and sinking. According to Exhibit 2‚ there are a limited number of ships older than 24 years which are likely to be scraped. For those ships under the age group
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Ocean Carriers Project Analysis Introduction Ocean Carriers receives a lease for a ship over three years starting in 2003. However‚ the company currently does not hold qualified ships that can meet customers’ demand. Our report is not only to assist Ms. Linn to decide whether or not to purchase a new ship but also give a reasonable suggestion on how long to hold on the ship regarding the NPV and long term prospective of dry bulk industry. Upon business operating in U.S or H.K‚ we consider four scenarios
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