Baltic Dry Index‚ I have arrived at a recommended price of $109.2 million. This value accounts for all of the variables provided and gives our client the best chance at securing the Bet Performer for its current market value. Problems Faced Compass Maritime is facing a difficult decision regarding how to price the Bet Performer. There are many factors that must be included in the final decision‚ including the age of the ship‚ its deadweight ton capacity‚ the original shipbuilder‚ as well as the mechanicals
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INTRODUCTION Shipyards and dockyards are places which repair and build ships. These can be yachts‚ military vessels‚ cruise liners or other cargo or passenger ships. Dockyards are sometimes more associated with maintenance and basing activities than shipyards‚ which are sometimes associated more with initial construction. The terms are routinely used interchangeably‚ in part because the evolution of dockyards and shipyards has often caused them to change or merge roles. Countries with large shipbuilding
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Chapter 15 Q&A’s 1. The Maritime Revolution: * Starts because of Ferdinand Magellan * Expedition to reach East Indies * Maritime era marked end of a long period. * Broadened and deepened contacts‚ alliances‚ & conflicts across ancient cultural boundaries. 2. Global Maritime Expansion Before 1450: * Strong ships were needed * New sailing techniques * Rewards for sea travel made them worthwhile 3. The Pacific Ocean: * Polynesians originated in Asia
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What is Maritime English and how does it contributed to my career in maritime field. Maritime English is very important since English is the universal language; seafarers should learn different terms concerning navigation for ensuring safety‚ efficient and profitable ship operation. Language learning is to improve the student’s four skills of listening‚ speaking‚ reading and writing‚ with the base of good grammar and large vocabulary‚ including technical and maritime jargon. It is also an English
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GENERAL INTRODUCTION Maritimes Sector a Strategic Economic Importance to National Development The maritime sector is of critical significance to any economy. It is the main means for transporting goods internationally‚ and many nations rely on their ports as a major source of revenue. The maritime industry‚ which is a subsector of the transport sector‚ globally accounts for over 70 of transportation requirement of the world.Maritime activities are expanding bringing benefits to people across the
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Even historically‚ Nigerian coastal and riverine communities were engaged in shipping and fishing using dugout canoes. They were quite versed in the art of shipping to the extent that regattas and other traditional maritime rituals were developed. The importance of the maritime industry to Nigerian’s socio-economic wellbeing cannot be overemphasized as cargo throughput to and from Nigeria accounts for more than 65% of the total volume of cargo generated by the entire West African Sub-Region
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MANAGING MARITIME SECURITY IN MALACCA STRAITS: IS IT POSSIBLE TO ACHIEVE MARITIME DOMAIN AWARENESS AT MALACCA STRAITS? BY SEGAR A/L MUNIANDY INTRODUCTION 1. Seafarers have sought an understanding of the oceans for centuries. Modern day enable us to relied upon technology to collect data in this environment. Today’s complex and ambiguous threats place an even greater premium on knowledge and a shared understanding of the maritime domain. Adequately addressing these threats requires
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UNIVERSITY OF HERTFORDSHIRE SCHOOL OF LAW COURSEWORK FOR (MARITIME LAW ) AUTHOR - ( FARADILA BINTI ROSLAN; 11605537 ) DATE - (20TH FEBRUARY 2012 ) SEMINAR GROUP - (-) SEMINAR TUTOR - ( DR. ARDESHIR ATAI ) SCHEME - (LLMF1) “Where the action is undefended‚ it used to be the case that any judgment would be limited to the value of the res itself. In the light of the reasoning of the House of Lords in The Indian Grace (No. 2)‚ to the effect that‚ after service of in rem proceedings
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This rivalry was vigorous in maritime navigation and Cartography. This rivalry was responsible for the dichotomy of (Lusitania) versus the rest of South America speaking Spanish (Hispanic). Both Lusitania (Portugal) & Spain were under one crown. After they split up as 2 countries fuelling this rivalry‚ both countries claimed the whole of South America as colonial possession. Pope has to intervene to stop any Christian blood from spilling. He drew a N-S (vertical) line on the map of continent‚ giving
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demand for different scholarship programs. These are the students of International Maritime Employers’ Council (IMEC)‚ an organization which is dedicated to maritime industry ‚have . The International Maritime Employers’ Council (IMEC) aims to promote physically‚ mentally‚ emotionally‚ socially and spiritually developed cadets through the IMEC Cadetship Programme in partnership with the University of Cebu–Maritime Education and Training Center (UC-METC). The IMEC Cadets are provided with all their
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