These two ships are similar but have lots of differences between modern technology and older age technology. The USS Midway and the USS Gerald Ford share 2 main items they both have flight decks and housing quarters, but lots of differences. The USS Midway runs on diesel fuel and has to be refueled every other couple days. It contains about 3.5 million gallons of gas for the ship not including aircrafts. This ship has 3½ inches of Steel armour on the flight deck to protect itself from any bullets. The USS Gerald Ford runs on 2 A1B nuclear reactors and does not have to be re-filled for about 50 years. This specific ship has a total of 25 decks top to bottom. This ship is the lead aircraft carrier in the ford class.
My Thoughts/Reflection: Although we can not hide the truth that we are diminishing in the number of ships, I believe we do not need any more ships to add onto our Navy. As Gregg Easterbrook states, "the U.S. Navy is 10 times stronger than all of the other world's navies combined," and still “say that the Navy is weak because the numbers are going down is classic political nonsense." As long as we are strong and united, I think that we do not need to trouble ourselves in buying new ships. If the time comes when American Navy is legitimately weakening, then we should start debating on whether
With a 35% tax, the alternative of selling of the vessel with a predicted total lifetime of 25 years, yields a slightly higher NPV compared to scraping after 15 years of use. The increase in NPV due to selling is because of a higher cash flow in the beginning of 2018 when the sale of the vessel occurs.
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. The average rate in the spot market is $22,000 per day. Ocean Carriers deployed a younger fleet than average carriers and generally earned a 15% premium over the average daily rate placing them in position to capitalize in strong economies. However, the industry is volatile and suseptable to extremes both low and high. Many ship owners sought to sign contracts with time charters in order to shield themselves from the swings
The USS Theodore Roosevelt was laid down on October 31, 1981. She was built by Newport News Shipbuilding CO. and it cost in the U.S. $4.5 billion in 2007 dollars. She was launched in October 27, 1984, and commissioned in October 25, 1986. She was the first aircraft to be assembled in large sections, or modules. She was the fourth Nimitz-class aircraft carrier. It's home port is in NAS North Island San Diego, CA. The ship is 1092 feet long and it’s deck is 257 feet long. The area of the flight deck is about 4.5 acres. The ship’s speed is 30+ knots. The ship can hold approx 85 planes and 5680 crew members. The crewmembers called it “The Big Stick” or TR. The motto is “He who has planted will preserve.” She saw her first action during Operation
USS midway and the USS Ford were welded by welters in the past and still is The USS midway is now a museum in DownTown San diego.The USS Ford was made in the early sentry and was welded by welders in the world.The USS midway fought alot of war in the time that was serving the US.It fougth with vetnam,iraq and operation frequined wind. It operated for an unprecedented 47 years, during which time it saw action in the Vietnam War and served as the Persian Gulf flagship in 1991's Operation Desert Storm. Decommissioned in 1992, it is now a museum ship at the USS Midway Museum, in San Diego, California, and the only
The manufacturing industry took a big hit after the war, Bugos (2001) found that “total sales by American aircraft firms were $16 billion in 1944; by 1947 they were only $1.2 billion,”. However, finances weren’t the only
The government has also cut back on the amount power the Royal Navy for example The Royal Navy flagship aircraft carrier HMS Ark Royal will be decommissioned "almost immediately" rather than in 2014 this mean that they can’t afford to use these because of the cuts that the government are doing to the Royal Navy. The Joint Force Harrier aircraft will be retired this means that the joint force harrier aircraft is not needed anymore and something new would take its places. Both of these measures will help save money for the cost of the Queen Elizabeth class aircraft carriers.
We think that daily spot hire rate will likely decrease next year. There are two reasons. First, there are 63 new vessels scheduled for delivery in 2001 to increase the supply of vessel and only few old vessels need to be retired, while the demand will not increase because imports of iron ore and coal would remain stagnant over next two years. Second, exhibit 5 shows that avg. spot rate of 2000 was higher than the rate of previous years and avg. 3-yr charter rate. In addition, the market will seemingly go up after two years. Therefore, ship owners should hope to sign short-term contract through using lower daily spot hire rate rather than locking low daily high rate for a long period.
Motor carriers have traditionally had the highest variable costs given their reliance on fuel and the continual maintenance of vehicles. The cost structure of motor
We expect the daily hire rates to increase from 2001 to 2002, but then to decrease overall in the long term based on the assessment of the consulting firm. The consulting firm based their forecast on higher demand in iron ore shipments. They claim demand in iron ore shipments has historically shown a strong correlation with charter rates, and we believe this makes sense. Vessel size, distance of route, and demand for ore/coal are drivers of daily rates.