FROM “ONION” TO “OCEAN” 71 71 Tony Fang is assistant professor of international business at Stockholm University‚ SE-106 91 Stockholm‚ Sweden (tel.: +46 8 163063; fax: +46 8 674 74 40; e-mail: tony.fang@fek.su.se). The author thanks Urapa Joy Watanachote (Thailand)‚ Joost Stel (Netherlands)‚ George Kakhadze (Georgia)‚ Satu Penttinen (Finland)‚ and Gabriel de Mello Pratellesi (Brazil) for personal communications about their respective countries discussed in this paper. The author also thanks
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Ocean Carriers Case Expectations for Daily Spot Hire Rates Next Year Iron ore and coal imports will most probably decrease the upcoming year With the increasing supply of vessels should result in a market surplus By creating this surplus‚ prices will be driven down‚ since we will have limited demand and suppliers competing Average daily rates‚ based on historical numbers‚ have a direct relationship with the number of shipments. What Factors Drive Average Daily Hire Rates? u
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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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Another way nature demonstrates the idea of human insignificance is by personifying the waves of the ocean in the poem. By personifying the waves that wash ashore‚ it undermines human achievement. As the darkness settles into the night‚ it provides the connotation of overwhelming darkness on the roofs and walls then the direction turns towards the sea where it is personified because the sea is calling. Longfellow writes‚ “The little waves‚ with their soft white hands‚ Efface the footprints in the
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AP Biology: Unit 3: Cell Division & Genetics: Virtual Lab #4: Punnett Squares Instructions 1. Open the Virtual Lab: Punnett Squares: http://www.mhhe.com/biosci/genbio/virtual_labs_2K8/labs/BL_05/index.html 2. The virtual lab simulation will be on the right side of the screen‚ and the “Question” column will be on the left side of the screen. 3. Click on the TV/VCR and watch the video. 4. Read the background information in the Question Column under “How can Punnett Squares help predict
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The Hungry Ocean Many people think that fisherman is one of the most male dominated‚ most dangerous professions and not suite for woman. However‚ Linda Greenlaw‚ the captain of the Hannah Boden‚ has proved herself that female can be a fisherman. She breaks the beliefs and superstitious that women are “Jonahs” (bad luck aboard boats) and also make the world realized that gender discrimination does not play a part on her career. As for being female‚ she says‚ "it hasn’t been a big deal. I never anticipated
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is she really telling me that I am free of this exile‚ to go back to Ithaka and my beloved Family. I could not help but question her‚ “After all these years A helping hand? O goddess‚ what guile is hidden here? A raft you say to cross the Western Ocean Rough waters and unknown? Seaworthy ships that glory in god’s wind will never cross it. I take no raft you grudge me out to sea. Or yield me first a great oath‚ if I do‚ to work no more enchantment to my harm.” At my words‚ the beautiful Nymph Calypso
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Ocean acidification is the ongoing decrease in the pH of the Earth’s oceans‚ caused by carbon dioxide from the atmosphere‚ Seawater is slightly basic (meaning pH > 7)‚ and the process is a shift towards pH-neutral conditions rather than a transition to acidic conditions (pH < 7). Ocean alkalinity is not changed by the process‚ or may increase over long time periods due to carbonate dissolution. An estimated 30–40% of the carbon dioxide from human activity released into the atmosphere dissolves into
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breaking apart and drifting away. This has continued until the continents were in the places we know them to be today. This drift has caused the formation of separate oceans instead of one huge one. This drift still continues today. Volcanoes affected the origins of the sea by pouring huge amounts of steam into the atmosphere. This would result in the process of condensation. The volcanoes would pour steam and the Earth would cool down‚ which lead to condensation. The process caused water
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Summary and Response to Ocean Acidification Article The National Geographic article “Ocean Acidification; Carbon Dioxide is Putting Shelled Animals at Risk‚” argues that the drop in surface pH could have a devastating effect on not only the organisms living in the ocean‚ but the environment that surrounds us. Research has shown that at least half of the carbon dioxide being emitted into the atmosphere has been absorbed by the oceans over time. This has benefited our environment because by
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