Do you expect the day-to-day attitude guide post to affix or decrease b governing twelvemonth? fracture the reasons for your choice. Which are the factors that drive the average daily rank? What does this mention in terms of your property flow depictions? accept for bite order fluctuates widely based on intercontinental regard for iron ore and blacken. When the market is secure, demand for cap sizing of its increases, leading to an increase in spot rates. During this time, broadcast owners hear to lock in cardinal year charters to take avail of strong demand. When the market for ore and blacken is weak, spot rates expend 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 break in 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 pre sently 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 two 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 more than is the cost of a vessel in present valuate 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 agree Value = 39M 1.56M = $37,440,000 3) Should Ms. Linn purchase the capsize carrier? follow that it is breathing out to be sold after 15 years. (Hint: effect the necessitous Cash...If you want to get a full essay, order it on our website:
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