classical story of the ship of Theseus. Change and identity becomes complex and the definition of objects change. An object is a thing that exists in time and space and has many properties or aspects such as size and colour. As these properties change‚ so do the object and the object’s identity‚ so therefore objects are always changing with time. The story of the ship of Theseus has had philosophers puzzled for centuries. The classical story is told by Plutarch (46-120 AD)‚ ‘The ship wherein Theseus
Premium Metaphysics Space Ontology
are increase/decrease in product and process innovations. Just like every other industry‚ the ship-breaking industry has the following phases – 1. Introduction phase of the industry life cycle: Emerging industries are new or reformed industries that originate from technological innovation‚ changing the relationship between relative costs‚ new customer needs or other economic and social changes. Ship breaking industry is no exception to this. From early 60’s to till now there has been lots of technological
Premium Strategic management
Unitized Cargo Ship The concept of utilization is not a new one; it was used by the USA army in the second world army war to provide its forces fighting in Europe with weapons and ammunition. Unitization since that time has been used and developed to comprise all modes of maritime transport‚ as well as air and land transport modes. Definition: Utilization is a grouping together of two or more (Usually of a homogeneous nature) and securing with banding‚ glue‚ shrink-wrap‚ slings or permanent
Premium Shipping Ship Cargo
The Ship Breaker By: Paolo Bacigalupi 1- Sadna pursed her lips. “Sometimes people have more will to live. Or you don’t hit them right and they don’t lose their blood fast enough. Sometimes they just don’t stop the way you want them to” (Page 174). My observations in this quote are you can’t just kill anyone; you have to kill them in their own certain way. You can’t just stop their life the way you want to and some people don’t lose their blood fast enough. My reactions in this quote
Premium KILL Futurology 2007 singles
that Ocean Carriers is a U.S. firm subject to a 35% statutory (and effective) marginal tax rate. Second‚ assume that Ocean Carriers is domiciled in Hong Kong for tax purposes‚ where ship owners are not required to pay any tax on profits made overseas and are also exempted from paying any tax on profit made on cargo uplifted from Hong Kong‚ i.e.‚ assume a zero tax rate. Answer With 35% tax in the US we have a negative NPV of 35% hence recommended not to proceed with the project. If Ocean carriers
Premium Hong Kong
Background Ocean Carriers Inc. is a shipping company specializing in the operation of capsizes bulk dry carriers. In January 2001‚ Mary Linn‚ the vice President of Finance for Ocean Carriers was evaluating the purchase of a new capsize carrier for a three years lease proposed by a motivated customer. The leasing contract offers very attractive terms‚ but no ship in Ocean Carrier’s current fleet met the customer’s requirements. In addition‚ this proposed contract is only for three years. Therefore
Premium Net present value
Ocean Carrier Case Study Summary In order to accept the recently submitted leasing contract proposal‚ Ocean Carriers would have to purchase a new ship. The purchasing of a new ship is a considerable investment. We have analyzed whether or not Ocean Carriers should make this investment using Free Cash Flow and Net Present Value (NPV) analysis. Given the details of the contract‚ the forecasted daily time charter rates‚ and the costs data; we have concluded that Ocean Carriers should not accept
Premium Net present value Cash flow Depreciation
Ocean Pollution “Over 80% of marine pollution comes from land-based activities” (WWF‚ May 4‚ 2006‚ p.1). The rest comes from ocean-based activities. Different types of pollution enter the ocean each year. The major pollutants are oil‚ toxic materials‚ and debris. These materials not only pollute the ocean‚ but they also affect the marine life. Before the 1970s there were no laws to prevent and stop people from dumping pollutants into the ocean. Since the early 1970s many laws and regulations
Premium Water pollution
Ocean Carriers Inc. A Case Study By ab Introduction • Ocean Carriers Inc. owned and operated cape-size dry bulk carriers worldwide. • Major Cargo type : Iron ore. • Vessel sizes : 80000 DWT to 210000 DWT. • Cape-size carriers travel around Cape Horn rather than the Panama Canal due to size constraints. Operations Maintenance Maintaining Supplies And on board Stores Supply of Lubricants Cargo Operations Repairs Insurance Business Model • Mostly chartered
Premium Net present value Ship
Seas and oceans provide various types of resources to human beings and habitats to numerous species of plants and animals. They play very important roles in the economy of a nation and its people. Still‚ the marine and coastal ecosystems are under severe stress due to human activities. Ocean Resources The ocean is one of Earth ’s most valuable natural resources. It provides food in the form of fish and shellfish—about 200 billion pounds are caught each year. It ’s used for transportation—both travel
Premium Ocean Marine biology Oceanography