FINANCING TECHNIQUES OF: (A) NEW SHIPS‚ (B) SECOND HAND SHIPS 33 5.1.1 COMPARISON OF WORLD’S TOP NATIONS IN TERMS OF SHIPS COMPLETED (IN GT) 48 5.1.2 FINANCIAL MARKET PRODUCTS 53 5.2 OBJECTIVE 2: TO ANALYZE VARIOUS KINDS OF SHIPPING MORTGAGES AVAILABLE ACROSS THE GLOBE AND PROVIDE A COMPARATIVE ANALYSIS AMONG THE TOP NATIONS OF THE WORLD 57 5.2.1 MORTGAGES IN THE MOST IMPORTANT SHIP REGISTRATION JURISDICTIONS: A COMPARATIVE ANALYSIS 58 5.2.2 LEASING OF SHIPS 62 5.2.3 REGRESSION ANALYSIS 66
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Ahead Smooth Sailing is a private company that operates one cruise ship. Smooth Sailing’s purchase of the cruise ship was financed with nonrecourse debt. (Nonrecourse debt is a loan that is secured by a pledge of collateral‚ in this case the cruise ship‚ but for which the borrower is not personally liable. If the borrower defaults‚ the lender can seize the collateral‚ but the lender’s recovery is limited to the collateral.) The cruise ship has its own identifiable cash flows that are largely independent
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more noble cargo. The coaster is the equivalent of a working man’s ship that is carrying goods for the mass populations instead of the kings and queens of the past. During the times of the early British empire‚ most people lived exceptionally poor. Unlike the other two‚ the coaster benefits only the seemingly enslaved and impoverished people. This “coaster” carries cheaper‚ mass-produced goods rather than the elegant goods of the ships. Surname 2 Unlike the quinquireme and galleon‚ the coaster
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show good seamanship by making the decisions on behalf of his ship and its cargo. However‚ subsequent investigations found that the master had exhibited poor seamanship. This included the mistake of not attributing sufficient seariousness to the weather warnings that he had received and also the decision to ride out the storm at anchor‚ as well as failing to ballast the ship for rough weather. It is important to note that all 50 ships in the harbour at the time had received weather warnings several
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Norton Lilly International: Written Case Norton Lilly is an international shipping agency. They have 37 regional offices‚ which provided service to ships in 70 ports located in North America‚ Caribbean‚ Pacific‚ and the Middle East. Their services consist of booking freight for export‚ clearing inbound cargo with U.S. customs‚ fueling vessels‚ restocking vessels with supplies and provisions‚ and arranging cargo-handling services. The company started way back in 1841‚ 150 years ago to this case’s
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guidelines for shipping companies to follow‚ however the guidelines are very difficult to enforce. Introduction Many cargo and cruise ships face environmental challenges within their business functions. There is the social and ethical responsibility of protecting the environment along with providing cost effective sea faring transportation services. Ships using bunker fuel are creating large amounts of nitrous-oxide emissions which pollute the air‚ high-grade fuel is available which burns cleaner
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Bashundhara Steel and Engineering Limited The current boom of the Shipbuilding Industry is in the rise globally due to high demand for building new ships‚ This has helped Bangladesh to attract the attention of international shipping companies and this seeimed‚ a new scope for economic development for the country. Bashundhara Group‚ a renowned Group of Companies‚ planned to contribute by entering into International Shipbuilding Industry. The group was involved in this sector as Bashundhara Steel
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Running head: THE EFFECTS OF THE JONES ACT ON THE ECONOMY OF HAWAII The Effects of the Jones Act on the Economy of Hawaii Christer Tvedt Hawai’i Pacific University February 10‚ 2010 ECON 6000 Dr. Leroy Laney The effects of the Jones Act on the economy of Hawaii The Jones Act‚ or the Merchant Marine Act of 1920‚ which is the act’s name‚ is a United States Federal statute‚ or “cabotage law”‚ that regulates trade between ports within the United States. The act was passed 90 years ago‚ in
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A large ship coined the Black Ball Line‚ as of the year 1818‚ operated out of New York City and was the first shipping establishment‚ offering a scheduled passenger service from the U.S. to England. Trade and leisure combined as one and fuelled the demand for the creation of larger‚ more luxurious ships like the Titanic. The Titanic at this point in history‚ as most know‚ has a category all its own‚ complete with its own stories and history. World War I and II required use of cruise ships as troop
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It is the amount of cargo that an empty ship will be able to hold‚ without going beyond its standard design limits. This load limit does not include the ships weight and instead its fuel and ballast water only. There are two main markets that considers maritime freight transportation. Bulk Cargo- Freights either dry/liquid like minerals (oil‚ coal‚ iron ore‚ bauxite) and grains that are not packaged requires the transport of specialized ships such as oil tankers and transshipment storage facilities
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