Aircraft Carriers Research Paper

aircraft from Boeing or Airbus, for example, and so older fleets are much more financially

Ocean Carriers is evaluating a proposed lease for a ship over three years starting in 2003. Currently, Ocean Carriers does not have any ships that are available to meet this customer demand. This report will assist VP of Finance Mary Lynn to make a decision on whether or not to commission a new carrier and how long to hold on to this asset.

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

Despite its heft, the ship moves with less wake. Its footprint is smaller than a small fishing boat. The ship can also operate closer to the shore than other battleships. The ship also can store more power than others so it can fire the weapons more often without recharging.

As a developing civilian pilot and a future naval officer, naval air power is the most significant aspect of the Navy. Since naval air power developed after numerous ship-to-ship altercations, it is believed that the ideas of naval air power developed from the theories of Alfred T. Mahan. According to Professor Rubel, the Dean of Naval Warfare Studies at the Naval Warfare College, Naval aviation has established and developed “no separate theoretical basis for either its own justification or employment” (Rubel 64). Alfred T. Mahan strategies ranged from having complete and utter control of all movements across the sea, to having a large Navy that is capable of controlling and using force to either preserve our territories or deter enemies at all costs. Naval air power piggy-backed off of Alfred T. Mahan’s theories and strategies, and eventually composed three naval air power operations that “seize, maintain, and exercise command of the sea/air” (Rubel 64). Whether these operations are through long-distance missile attacks, bombardments, or even land-based amphibious attacks with the Marine Corps, NAVAIR has developed technology that allows the United States to be the world’s most efficient, effective, and active

This will be what the government hopes is a new battleship. It is the most technologically advanced ship ever built. It is expected to be run by computers and require only nineteen sailors per shift to man the bridge. Everything from the valves on the showers to the turrets for the guns will be automated. And unlike the crew from the Iowa class ships, the sailors onboard the new modernized battleship will have many creature comforts including libraries and lounges. The smallest spaces for the lowest ranks will only have four people per room and bathroom, which is an upgrade from the Iowa class ships.(“Inside The Zumwalt Destroyer”) What is the coolest thing about the Zumwalt is that is shows up on radar as a small fishing vessel, not the mighty battleship that it is at 610 feet. It has many of the features talked about previously in this paper including a helipad for two helicopters, but unfortunately cannot accommodate an Osprey. If it is ever completed the Zumwalt will be armed with two long range guns that fire guided artillery shells up to 72 miles, two smaller guns to protect it from things that may come too close, and 80 different missile launch points. Another cool thing is that the Navy is also thinking about putting a futuristic rail gun and lasers on it too. Current US Navy tests have concluded the railgun will most likely have a range of over 100 miles.(“The Most Technologically Advanced Warship Ever Built”)

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.

To encourage an economically efficient United States-flag liner fleet capable of meeting national security needs.

warship commissioned on July 25, 1998, is the eighth Nimitz-class aircraft carrier of the United

America’s supercarriers are some of the most advanced military equipment that the US owns. In fact, these supercarriers could have equipment as advanced as lasers! Although they cost billions, supercarriers are the dominate force of the sea and air. In addition, supercarriers last very long while providing air support to any battle. By destroying land and sea threats, super-carriers also protect the citizens. With all of these positives, the price really doesn’t matter.

Two of the three aforementioned dive bombers were carrier-based, and this reflects the importance of dive bombers as part of a fleet air wing. It was simply not feasible to have aircraft large enough to be practical level bombers as part of the carrier’s complement-- special situations such as the Doolittle Raid notwithstanding. Furthermore, carriers groups were often tasked with attacking enemy fleets, which calls for a precision beyond that of level bombing but perfectly suited for the traits of dive bombers. While level bombers had the staggeringly low accuracy of 15% on a cruiser-sized target, dive bombers attained hits 50% of the time, and near misses were also very valuable thanks to the “water hammer” effect being able to break

Early this century the same debate raged and a Royal Commission sat in 1918 to consider the question. Economic conservatives at the time pointed out that we could build naval ships far more cheaply in overseas yards. We could and we still can. The same shortsighted arguments are being made today. Without the development of the necessary skills to build warships, we could not have built our Grimsby Class sloops, our River Class frigates, our seaward support ships, our Tribal Class destroyers, our Fairmiles, our Bathurst Class Corvettes or the host of support vessels we built to enable us to prosecute WW

During World War II there were 24 Essex class aircraft carriers. The Essex class Carriers were built to last in the harshest conditions. During the war there were no Essex Class Ships lost although there were many attempts to down them. After WWII many of the Essex Class Ships were recommissioned as reserve Carriers. Today there are 4 Essex Class Ships remaining, and they're used as museums.

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.

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