Case 1 Ocean Carriers
Charlotte Taman 2100584
Alireza Farahanchi 2185792
Alissa Hiegentlich 1931601
While the world is globalizing more products needs to be transported from one country to another. This
is where Ocean Carriers comes in. Ocean Carriers operates as a shipping company on an international
level.
Ocean Carriers is strongly depended on the market economy. Moreover, their daily hire rates are
depended on the supply and demand in the market. A decrease in supply (capacity) will lead to higher
daily hire rates, as this will compensate in the revenues.
Ocean Carriers states that they are not using vessels older than 15 years old. This seems however an
unwise decision. Even though the maintenance days go up and will highly likely be around 16 days per
year, there will still be plenty of days le( over for the ‘older’ ships to be used and gain revenues with.
Looking at the ,gures we can estimate what will happen to the daily hire rates in 2001. Taking into
consideration that the ships older than 15 years will be out of capacity we see a decrease of 25 (2+6+17)
million of deadweight tons. The maximum size of the vessels is 210.000 deadweight tons. By multiplying
