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1 . Do you expect daily spot hire rates to increase or decrease next year? What factors drive average daily hire rates? 2 . How

1. Do you expect daily spot hire rates to increase or decrease next year? What factors drive
average daily hire rates?
2. How would you characterize the long-term prospects of the capesize dry bulk industry?
3. Should Ms. Linn purchase the $39M capesize? Make 2 different assumptions. First, assume
that Ocean Carriers is a U.S. firm subject to 35% taxation. Second, assume that Ocean Carriers is
located in Hong Kong, where owners of Hong Kong ships are not required to pay any tax on
profits made overseas and are also exempted from paying any tax on profit made on cargo
uplifted from Hong Kong.
4. What do you think of the companys policy of not operating ships over 15 years old?

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