Ocean Carriers Inc. A Case Study By ab Introduction • Ocean Carriers Inc. owned and operated cape-size dry bulk carriers worldwide. • Major Cargo type : Iron ore. • Vessel sizes : 80000 DWT to 210000 DWT. • Cape-size carriers travel around Cape Horn rather than the Panama Canal due to size constraints. Operations Maintenance Maintaining Supplies And on board Stores Supply of Lubricants Cargo Operations Repairs Insurance Business Model • Mostly chartered
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Ocean Carrier Case Study Summary In order to accept the recently submitted leasing contract proposal‚ Ocean Carriers would have to purchase a new ship. The purchasing of a new ship is a considerable investment. We have analyzed whether or not Ocean Carriers should make this investment using Free Cash Flow and Net Present Value (NPV) analysis. Given the details of the contract‚ the forecasted daily time charter rates‚ and the costs data; we have concluded that Ocean Carriers should not accept
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Blue Ocean Strategy How to Create Uncontested Market Space and Make the Competition Irrelevant http://www.blueoceanstrategy.com/ W. Chan Kim Renee Mauborgne Chapter One: The blue ocean strategy is best illustrated by the performance of Cirque du Soleil. Created in 1984 by a group of street performers‚ Cirque productions have been seen by almost 40 million people in 90 cities around the world. In less than 20 years‚ Cirque du Soleil has achieved revenue levels that took Ringling and Barnham
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The ocean is one of Earth’s most valuable natural resources. It provides food in the form of fish and shellfish—about 200 billion pounds are caught each year. It’s used for transportation—both travel and shipping. It provides a treasured source of recreation for humans. It is mined for minerals (salt‚ sand‚ gravel‚ and some manganese‚ copper‚ nickel‚ iron‚ and cobalt can be found in the deep sea) and drilled for crude oil. The ocean plays a critical role in removing carbon from the atmosphere and
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Comparing 600-1450 & 1450-1750 Periods of time have always been changing and evolving. The 600 to 1450 era had some similarities to the following era‚ the 1450 to the 1750; though as said before‚ there were the changes also. Many continuities and breaks occurred between both periods. There were the changes in their trading systems‚ the technology‚ their global interactions‚ urbanization‚ social systems‚ and their political government development. These events led to various inventions and some
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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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Ocean Carrier Case Study INDEX Case Background··························3 Dilemma································3 Scenarios under different tax rates and years ····························3 Alternative································5 Decision summary··························5 Appendix Ocean Carrier Case Study * Case Background Mary Linn of Ocean Carriers is evaluating the purchase of a new capesize carrier for a 3-year lease proposed by a motivated customer
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Russia 1450-1750Western civilization changed significantly between 1450 and 1750. While Russia remained an agricultural society‚ the West became very commercially active and developed a strong manufacturing base. Many of the core areas of the West transformed; governments increased their powers‚ science became the focus of intellectual life. These changes resulted from overseas expansion. Russia‚ on the other hand‚ was heavily concerned with territorial expansion‚ eventually becoming the chief power
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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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Maldives were devastated in the 26 December tsunami. © Sena Vidanagama/AFP/Getty Images 76 77 NATIONAL RAPID ENVIRONMENTAL ASSESSMENT - THE MALDIVES 5. 5.1 NATIONAL RAPID ENVIRONMENTAL ASSESSMENT – THE MALDIVES Introduction The Indian Ocean tsunami reached the Maldives at 9:20 a.m. local time‚ approximately three hours after tremors were felt. Tidal waves ranging between one and five metres high were reported in all parts of the country. The force of the waves caused widespread infrastructure
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