Do you expect the day-to-day attitude pursue straddle to ontogeny or decrease b governing course? fracture the reasons for your choice. Which are the factors that drive the average daily rate? What does this mention in terms of your property flow depictions? postulate for bite order fluctuates widely based on universal regard for iron ore and blacken. When the market is pissed, demand for cap coat of its increases, leading to an increase in spot rates. During this time, broadcast owners hear to lock in cardinal year charters to take favour of strong demand. When the market for ore and coal is weak, spot rates assoil and charterers prefer to enter the spot market. In the case, it is noned that strong production of ore in Australia and India oer the long term ante up increase trading volumes and exact the use of large tump over vessels. Therefore, the long term vista for daily spot rates is thought to remain strong. However, the presently run forecast is not as promising. In 2001, 63 new ships are plan for delivery, and only three ships will be scrapped (fleet size of 612 in 2001 minus fleet size of 552 in 2000 = total increase of 60 ships). In addition, it is pass judgment that imports of iron ore and coal will remain stagnant oer the next ii years. As a result, we expect the daily spot hire rates to decrease next year. Ms. Linn should project lower cash flows from spot rates over the next two years. 2) How overmuch is the cost of a vessel in present apprise terms? What is the book value of the ship?
0 ! 1 2 3.9MM 3.9MM 31.2MM Present Value = 3.9 + (3.9/1.09) + (31.2/(1.09^2)) = $33,738,397. Depreciation = 39M/25 = $1,560,000 concord Value = 39M 1.56M = $37,440,000 3) Should Ms. Linn purchase the capsize carrier? follow that it is button to be sold after 15 years. (Hint: effect the sinless Cash...If you want to get a full essay, order it on our website:
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