In creating the Freight Market Information for dry cargo indices‚ the Baltic Exchange currently requires its panellists to report their opinions based on the following ship definitions Capesize 172‚000 metric dwt‚ 190‚000 cbm grain‚ gearless Main Components Of A Vessel’s Costs For the purpose of estimating and accounting‚ the expenses of a vessel are usually divided into voyage costs and daily running costs. The former are those expenses which are incurred solely when a vessel is engaged
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and delivery times. Prices for shipping smaller individual packages are similar‚ but companies who ship in high volume get a break. Although there is some loyalty‚ price is a determining factor for businesses. -Scope of competitive rivalry/number of rivals * A few major players in the shipping industry dominate the world market. FedEx‚ UPS‚ DHL‚ and USPS hold 67% of the market share who ship worldwide and
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largest barrier to global trade today” Shipping companies are facing volatile situation with regards to the high bunker fuel costs‚ lower demand for shipping services‚ depressed freight rates as well as more seriously‚ declining asset values of ships‚” The bunker fuel prices have risen steadily from a range around US$500 per MT in late 2010 to early 2011 to above US$700 per MT and are now hovering around US$600 per MT in 2012. Bunker prices are not expected to ease well into middle of next year
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am INVESTMENT IN VIETNAM SHIPBUILDING INDUSTRY 1. INTRODUCTION Now-a-days to transport a finished goods or product via ship is very cheaper & convenient. As a result recently the industry of shipbuilding is flourished. So we want to make our FDI into a shipbuilding industry. To make a FDI we select Vietnam as our host country. Vietnam is rapidly emerging as a new center of economic growth in South-east Asia. Foreign investors seek business opportunities in both the domestic
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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 economic impacts on the local economy. The aim of this paper is to estimate the economic impacts of the cruise industry in the region of Piraeus The methodology used is based on
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profitable? Case Analysis The opening of the St. Lawrence Seaway along with the development of new locks in the Welland Canal and Sault Ste. Marie in 1959 attributed to 14 giant grain elevators‚ allowance of larger freighter ships to enter the lakes‚ and an increased density of ship passage (Bell‚ 1998). As a result of the new development along the waterfront‚ SEG was able to grow steadily and eventually maintained shipment volumes of a million tons for the first time in company history in 1979. Since
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The approach that I thought would be best would be to take a weighted average of Price/DWT for 4 closely comparable ships. Upon taking an average of these Price/DWT factors‚ I multiplied this value by the 172‚000 weight of the Bet Performer to get its worth. I also considered the Capsize index in pricing the Bet Performer off of its comparable. The max Index value was now 12‚479 in May 2008‚ so solving for an index factor to adjust my 76.65 million result‚ yields a selling price of $135.36 million
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caused a decline in the fair market value of the cruise ship and you contacted our firm to determine how to test the ship for recoverability and the amount of impairment loss (if any). We used the Financial Accounting Standards Board’s (FASB) Accounting Standards Codifications (ASC) 360 – Property‚ Plant and Equipment to conduct our tests for recoverability on the cruise ship. Our analysis has helped us conclude that the value of the cruise ship has been impaired and Smooth Sailing will have to record
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returns management. actually frame the supply chain business model. They are: (1) customer centricity‚ (2) operational excellence‚ (3) integrative management‚ (4) real-time responsiveness‚ (5) network leveraging‚ and (6) collaboration. cruise ships are committed to the supplies present onboard once leaving the port. Therefore‚ demand forecasting must be very precise if the safety stock is to be reduced in this space-starved environment‚ while preventing costly stockouts we find two main management
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office or on the ship is mentioned in these manuals. Usually the crew on the ship is always low‚ about 25‚ including officers and supporting officers (ratings).People in this industry are not prone to following the specified safety rules‚ and so they end up facing disastrous consequences‚ such as cutting and mincing of fingers because of not taking safety precautions. PNSC is one of the very few companies in the World‚ which has latest and effective equipment for the safety of the ships. Such as ISET
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