Ocean Carriers Case Study
Overview
Ocean Carriers, Inc. is a shipping company with offices in Hong Kong and New York. In January 2001, Mary Linn, Vice President of Finance must make a decision on a proposed contract in which Ocean Carriers would lease one ship to a client for three years and the customer would begin utilizing the ship in 2003. However, Ocean Carriers does not currently have a ship to meet the requirements of the customer. So as the VP of Finance, Mary Linn must decide whether to purchase a new capsize carrier to meet the requirements of the customer, and whether this decision will be profitable in the future.
Analysis
In order to make a recommendation to Mary Linn as to whether Ocean Carriers, Inc. should purchase a new ship we must first look at the net present value of the ship. In order to do this our team used the provided expected daily hire rates to calculate revenue which we expect to be for the lifetime of this vessel. The expected daily hire rate is......

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Title: Ocean Carriers
Approximate Word Count: 556
Approximate Pages: 3 (250 words per double-spaced page)

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