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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The Beach The smell of salt in the air‚ the wind blistering my face‚ the sun glinting in my eyes; these are some of my favorite things about the beach. I have always loved the beach and I have always love the sights and smells of it. The first thing I always notice when I first step out of the car‚ even when it’s only at the beach house and not the actual beach‚ the smell of seaweed and salt immediately attacks my nostrils. No smell is as potently sweet as the sour smell of the ocean
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different for everyone. I enjoy the sight of waves crashing and thick white foam. Sometimes the waves seem to be roaring and at other times barely rolling. Thats one reason why I like the beach‚ its always a mystery. A complete getaway from the concrete jungle we live in and a place to just relax with nature‚ thats the beach. Theres always the grainy sand that seems to make its way into everything and then the humid salty air that seems to paint a layer onto your body when you get out‚ but those are such
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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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Pasacao Beach in Camarines Sur A. Natural Features Camarines Sur has become of the top tourist destinations in the Philippines in the past several years. But I guess it’s not unexpected because this province offers excellent tourist attractions like the Pasacao Beach. It is a very popular beach to the landlocked residents of Naga City located in the town of Pasacao This wide stretch of sandy beach has lured visitors with its resorts‚ fresh ocean breeze and sapphire
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The beach is a place by the sea. There is soft sand‚ and gentle blue waves. The ocean licks the shore‚ keeping it continuously wet‚ like a young child having their first ice cream. The water is blue‚ like the cloudless sky. There are rock pools‚ and beautiful shells. On the shore there is washed up stretchy seaweed‚ and dried crunching coral. In the sky‚ the sun shines and seagulls fly. Further along‚ waves lap against rocks. Hitting the rocks‚ the waves are cymbals in the orchestra of the ocean
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land meets the sea and sea meets land. This amazingly gorgeous‚ serene piece of earth‚ commonly known as the beach‚ is my happy place. I stumbled upon this fortunate stroke of serendipity in my early childhood and it appalls me that at some point in history this astonishing creation didn’t exist. Since I’m rambling and your reading I guess I can tell you about my first visit to the beach. Although I was a child I can vividly remember this vacation‚ being that it was my first trip to my happy place
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A new sunny day has just begun. The beach is silent‚ but only for a while. Very soon crowds of people will flood on to the beach. The bright‚ burning ball blinds and rises like a sunflower on the distant horizons. The subtle sea sparkles preciously as it strolls up against the shore spilling the previous day’s remains. Crashing against the shore‚ small waves flash the night’s debris onto the beach. Untouched golden sand‚ so soft and smooth‚ glistens; reflecting the sun’s rays. A soothing‚ light
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AT THE BEACH(another) A draught blew by me taking my spirit with it. The strands of hair crossed my face; the sun peaked its way above the horizon as if it was scared to shed some light. The smell of the salty sea tingled my nose as I breathed in a breath of fresh air. The sand was a mine field of corals‚ with a collection of many different multicolored sea shells; however at the same time‚ the sand was a bed of blankets. The way the sand flowed onto my feet and out to the spaces between my toes
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potentially suffocating warmth. The beach was tiny compared to the resorts further along the coastline‚ sheltered by the surrounding forests of palm trees. It was an almost perfect semi-circle of fine‚ dark volcanic sand‚ with not a trace of the inland civilization in sight – an unspoilt‚ secluded paradise on an island gradually being colonised by armies of skyscrapers‚ strip clubs and tourist traps. There was a humble building near the eastern end of the beach‚ a traditional affair on stilts with
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