Financial Management CASE STUDY 2: OCEAN CARRIERS April 20, 2015 Emily Chen (Ro4749035) / Naree Klungpremchitt (R03749057) Christopher Loo (Ro3749038) / Julien Minard (Ro3749036 Q1: What Factors Drive Average Daily Spot Hire Rates? Average daily spot hire rates are influenced by supply and demand of the vessels. Demand of vessels was determined by market condition. There will be an increase in demand for iron and coal, so as capesize fleets when there is strong economy. All of which
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Case2 Ocean Carrier Question 1 Daily spot hire rates seems to have a linear relationship with both charter rates and iron ore shipments. If iron ore shipments increase, so do the charter rates for the capsize dry bulk ships. Traditionally, when charter rates rise, spot hire rates will increase even higher than charter rates. A regression analysis, shown in table 1, was used to forecast future iron ore shipments. The estimated shipments for 2002
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，同相船約期與致大動波跌漲的船貨現知得們我，格價均平的船約期與船貨現期長察觀五表據根 。 價折的 均平業 產於低 收吸須 必輪貨 舊老， 格價的 金租日 響影會 也齡船 的輪運 貨，外 此 。面給供節調來船舊廢報是或船新製訂，求需場市據根會司公運航。況狀濟經球全於決取要主度 強求 需 此 因 ，料 物原 之 需 所業 產 礎 基 等 炭煤 及砂 礦 鐵 載裝 輪 貨 裝 散 的 於 由 ，說 來 船 約 期 對 析分場 市船貨 現 翔偵黃 傑 淞張 修振 黃 玲美徐 慧 淑吳 義正 林 85% : Case 2 Ocean Carriers 33 = 643 ( 63 噸 公萬百 2002 612 + (612 − 552) × 2000 440 552 2001E 436 612 5.14% 2002E 445 643 2001~2002 2.06% 5.14% ) 2.06% 於由 。 。 一題問 （降下 是應率 費金租日 船貨現 的年 期預們 我此因 ，求需 於大給 供 ） 了長 成只面 求需但 ， 了長 成面給 供的運 貨裝散 年 知得
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EUROPEAN COMMISSION DIRECTORATE-GENERAL FOR AGRICULTURE AND RURAL DEVELOPMENT Directorate L. Economic analysis, perspectives and evaluations L.5. Agricultural trade policy analysis Brussels, July 2008 High prices on agricultural commodity markets: situation and prospects A review of causes of high prices and outlook for world agricultural markets This working document does not necessarily represent the official views of the European Commission High prices on agricultural commodity markets:
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Q1. Marriott’s growth objective is to remain a premier growth company with preferred employer, preferred provider and the most profitable company, which means Marriott intend to outperform the average market. Considering the above information, Marriott’s financial strategies are consistent with its growth objective. To be more specific, firstly, Marriott actively manages hotel assets using syndication method with a fully integrated development process rather than passively own it. For example,
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2. Suppose a customer buys an iPhone from Apple for $500 on January 1, 2010. The cost of the iPhone to Apple is $350. Assume that the customer is entitled to upgrades over the next two years. Use the following financial statement effects template (FSET) to illustrate the financial statement impacts for Apple of the customer's iPhone purchase on the date of the initial purchase and at the end of each of the two years following the initial purchase under generally accepted accounting principles (GAAP)
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[pic] [pic] Worthington Group structures Unincorporated Organizations (Contractual Business) according to the United States Constitution, Article I Section X, The Right To Obligation of Contract. We have compiled this additional information regarding 'contracts' for the benefit of those who are presently involved in contracts of one kind or another, or contemplate such. The Law of Contract has existed from the beginning, even Adam had a verbal contract with God, 'watch over the Garden of Eden'
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Year | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | Age of Ship | | | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | Operation | SALES | Daily hire rate | | | 20,000 | 20,200 | 20,400 | 18,714 | 17,283 | 17,481 | 17,682 | 17,886 | 18,092 | 17
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Case 1: Ocean Carriers Our first case study is entitled Ocean Carriers (HBS Case No. 9‐202‐027) by Erik Stafford et al. Please go to the Harvard Business Publishing website http://hbsp.harvard.edu . The case is copyright‐protected and can be purchased after registration. Please register at the Harvard Business Publishing website with a student account. After login, make use of the following link: https://cb.hbsp.harvard.edu/cbmp/access/42497623. Integrate answers/discussions to the
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Question 1 Assume that Ocean Carriers uses a 9% discount rate. Do you expect daily spot hire rates to increase or decrease next year? Daily hire rates were determined by supply and demand, the expected number of ships available percentage increase (supply side) more than the percentage increase of demand for bulk capsizes ( demand side) , therefore daily spot hire rates is expected decrease in next year ( year 2002). For demand side: As per Exhibit 6, forecasted demand in year 2002
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