Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Assist to solve the attached question. Thank you. 1. As the Operations Manager of a shipping company, one of your duties is to estimate the
Assist to solve the attached question.
Thank you.
1. As the Operations Manager of a shipping company, one of your duties is to estimate the voyage cost and revenue for each vessel movement. Given the following information: The vessel "MV Star Black" is to carry 24,000 tonnes of cargo from the Port of Sunshine to the Port of Babylon for a freight rate of $25 per ton. The loading rate at the Port of Sunshine is 3,000 tonnes per day, the discharging rate at the Port of Babylon is 2,000 tonnes per day and the distance between the two Ports is 6720 nautical miles. At the operating speed of 14knot, the vessel will consume 35 tonnes of fuel a day from the Port of Sunshine to the Port of Babylon and will also consume 2.5 tonnes of diesel oil per day at the two ports. The stevedoring charges at the port of loading amount to $56,000 and the port of discharge $66,000. It is the standard practice at the Port of Sunshine to charge $10,500 for tug hire and the Port of Babylon to charge $11,000 to cover pilotage and berthing charges. Additional information that may be relevant include the following: Operating cost of "MV Star Black" is $28,000 per week; Average cost of fuel oil is $200 per tonne and that of diesel oil is $250 per tonne. The vessel cost $20 million depreciated at 10% per annum and operates 250 days per annum. a) Calculate: i. Total Revenue ii. Total Voyage Cost iii. The voyage cost per ton of cargo iv. Total cost v. The Total cost per ton of cargo 30 Marks 1. As the Operations Manager of a shipping company, one of your duties is to estimate the voyage cost and revenue for each vessel movement. Given the following information: The vessel "MV Star Black" is to carry 24,000 tonnes of cargo from the Port of Sunshine to the Port of Babylon for a freight rate of $25 per ton. The loading rate at the Port of Sunshine is 3,000 tonnes per day, the discharging rate at the Port of Babylon is 2,000 tonnes per day and the distance between the two Ports is 6720 nautical miles. At the operating speed of 14knot, the vessel will consume 35 tonnes of fuel a day from the Port of Sunshine to the Port of Babylon and will also consume 2.5 tonnes of diesel oil per day at the two ports. The stevedoring charges at the port of loading amount to $56,000 and the port of discharge $66,000. It is the standard practice at the Port of Sunshine to charge $10,500 for tug hire and the Port of Babylon to charge $11,000 to cover pilotage and berthing charges. Additional information that may be relevant include the following: Operating cost of "MV Star Black" is $28,000 per week; Average cost of fuel oil is $200 per tonne and that of diesel oil is $250 per tonne. The vessel cost $20 million depreciated at 10% per annum and operates 250 days per annum. a) Calculate: i. Total Revenue ii. Total Voyage Cost iii. The voyage cost per ton of cargo iv. Total cost v. The Total cost per ton of cargo 30 MarksStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started