Ocean carriers ocean carriers inc was approached in january of 2001 with a contract proposal for the leasing of one of their ships for a term of 3 years beginning in 2003 ocean carriers currently has no ship to accommodate the customer to commission the construction of a new vessel would take 2 years from start to completion.
Ocean carriers case report edmund lo ecl88 2840681 note: apologies, i was out of state this weekend and had to complete on my own executive summary ocean carriers is evaluating a proposed lease for a ship over three years starting in 2003.
Executive summary given the current and expected market conditions, the financial department of the ocean carriers group is to evaluate the potential revenues and expenses of commissioning a new capsize ship for cargo transportation in order to meet a received demand for lease.
Summary of facts in january 2001 , mary line, vice president of finance for ocean carriers, had to ecocide whether to accept an offered leasing contract for the duration of three years. Executive summary a decision has to be made on the possible construction of a new ship to meet the demands of a charterer which wants a contract of only 3 years based on the calculations of the costs of construction against the value of the contract, it is recommended that ocean carriers not go ahead with the construction.
Executive summary ocean carriers is contemplating the opportunity of stipulating a 3-year leasing contract that would require commissioning the construction of a new vessel in the short term applied hire rates are decreasing, just as they should be on the recovery side starting 2003.
Ocean carriers executive summary ocean carriers is a shipping company, which has offices in new york and hong kong they operate capsize dry bulk carriers and carry iron ore around the world as the vice president of the company, mary linn is considering a new capsize lease proposal by a customer for a 3-year period beginning in early 2003. Ocean carriers should not agree to the three-year lease term20 this will help the company realize an npv of $2 ocean carriers wants to ensure that the company receives a considerable return on their new investment667. Ocean carriers case report executive summary ocean carriers is evaluating a proposed lease for a ship over three years starting in 2003 currently, ocean carriers does not have any ships that are available to meet this customer demand.