Ocean Carriers Objectives • Forecast pro-forma cash flows for a project • Estimate project values using Net Present Value (NPV) • Conduct sensitivity analysis for the forecast inputs Setting • January 2001 • Customer offering attractive terms on 3-year lease for a capesize carrier • Would require purchase of new carrier since existing fleet does not fulfill customer needs • Should it be purchased? Industry Dynamics • Revenue Drivers • Outlook in the: –
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REPORT ON CAPESIZE PURCHASE FOR OCEAN CARRIERS Introduction The purpose of this report is to evaluate whether Ocean Carriers Inc. should immediately commission a new capesize carrier that would cost $39 million‚ and would be completed two years hence‚ in order to finalize a lease of the ship for a three-year period with a potential charterer in very good faith. The contrasting tax regulations between the two countries where the company locates its office‚ and the different cost-benefit circumstances
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1856‚ Australian inventor James Harrison‚ used ammonia on experimental basis but used ether in the equipment that was previously constructed. Then‚ in 1902‚ Willis Carrier‚ the “Father of Air-Conditioner” designed humidity control for a new air-cooling system and pioneered modern air conditioning. Willis Carrier also originated the carrier equation upon which the psychometric chart and all air conditioning is based. Later‚ in 1906‚ Stuart Cramer‚ engineer in North Carolina‚ invented a ventilating
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Financial Management Read ‘Ocean Carriers’ and answer the following questions: Ocean Carriers uses a 9% discount rate. 1. Do you expect daily spot rate to increase or decrease next year? - The expected daily hire rates drives the daily spot rates higher. So we are expecting the higher daily spot rates under higher expected daily hire rates. 2. What factors drive average daily hire rates? - Demand in iron ore shipments‚ - World economy‚ strong economy in western countries will raise
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! ! The Beach ! The beach can be a very relaxing place to be. There are so many things about the beach that make it a calming place. The most obvious things are the sights and sounds‚ from the ocean to the beautiful landscape. The less noticeable are what you feel‚ smell‚ and believe it or not‚ taste. There is not much to dislike about the beach‚ except maybe a bad case of sunburn. Going to the beach can be a calming getaway from the everyday stresses and pressures of life. The many sounds of the
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A Feasibility study on KEING BEACH RESORT In Pitogo‚ Zamboanga del Sur A Feasibility Study Presented to the Faculty of the College of Business and Economics In Partial Fulfillment of the Requirements For the Degree of Bachelor of Science in Business Administration Presented by Marjorie A. Espinosa Juneil L. Amarela Gremar J. Araniego Introduction A resort is a place used for relaxation or recreation‚ attracting visitors for vacations and/or tourism. Resorts are places
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Analysis on the Case of Untouchable Water Carrier INTRODUCTION The case of the “Untouchable Water Carrier” to the best of my knowledge can be viewed as dealing with human resources management and organizational issues surrounding two categories of relationship: Employees and Traditional customs. It also deals with the constraints that traditional social structures and relationships place on hiring and promotion decisions. After reading through the cases stated in this article‚ I have decided to analyze
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(a) Statement of Problem. Ocean Carriers is evaluating a proposed three year lease of a ship. Currently‚ no ships in Ocean Carrier’s fleet meet the requirements of the customer. Since the new ship requires an investment of $39 million‚ Mary Linn‚ the Vice President of Finance for Ocean Carriers‚ needs to evaluate the proposal’s NPV and determine whether or not to accept the proposal by considering expected cash flows‚ tax implications‚ and future market conditions. (b) Statement
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The Beach The beach is one of my favorite places to go. It is where I would like to live one day. In my opinion‚ it is the best place to go on family vacations too. Everyone always has that one place that they always like to escape to‚ and mine is the beach. The beach is the ultimate cure for all of my problems. While I am there‚ all of my obligations are suddenly gone. There are three things that I love about the beach: the warm weather‚ shopping‚ and the places to eat. The first thing that I
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The Epic of Gilgamesh Summary Gilgamesh is the Priest-King of the city of Uruk. He is a tyrannical king who works his people to death and takes what he wants from them. He kills the young men at will and uses the women as he pleases. The people of Uruk cry out to the gods for help so that they can have peace. The gods hear them and instruct Anu‚ the goddess of creation‚ to make a twin for Gilgamesh‚ someone who is strong enough to stand up to him and who will ultimately save him. Anu makes Enkidu
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