Business > STUDY GUIDE > Michigan State University BF 322 103260670-Case-1-Ocean-Carrier-REVIEWED BY EXPERTS 2021 (All)
Michigan State University BF 322 103260670-Case-1-Ocean-Carrier-REVIEWED BY EXPERTS 2021
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Content Page List of Illustration iii Question 1 1 Do you expect daily spot hire rates to increase or decrease next year? Question 2 4 What factors drive average daily hire rate? Question 3 5 H... ow would you characterize the long-term prospects of the capesize dry bulk industry? Question 4 7 Should Ms Linn purchase the $39M capesize? Question 5 10 What do you think of the company’s policy of not operating ships over 15 years old? Appendix A 11 Appendix B 13 Appendix C 17P a g e | iii List of Illustration Exhibit 1 - Capesize fleet by age category as of December 2000 1 Exhibit 2 - Current Order book for Dry bulk capesizes by delivery date 2 Exhibit 3 - Daily hire rate adjustment factor for dry bulk capesizes 8 based on age of vesselP a g e | 1 Question 1 Do you expect daily spot hire rates to increase or decrease next year? Daily spot hire rates are determined by supply and demand of shipping capacity. Supply of shipping capacity The supply of ships next year is the number of vessels in service the previous year plus any new ships delivered minus any scrapings. We would expect the older vessels, especially the 2 million deadweight tons over 24 years old, to be scrapped. However, operating vessels o [Show More]
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