Market outlook for the Singapore bunkering market from 2011 to 2015
This research explains the viability of investing in bunker tankers in Singapore from July 2011 to 2015. The research is broken down into 3 parts, with the first 2 volumes analyzing the relationships between demand and supply factors for bunker tankers and Singapore’s market. This research paper, wh...
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sg-ntu-dr.10356-492652023-03-03T17:23:17Z Market outlook for the Singapore bunkering market from 2011 to 2015 Aw, Kavin Weijie School of Civil and Environmental Engineering Soh Woei Liang DRNTU::Engineering::Maritime studies::Maritime management and business This research explains the viability of investing in bunker tankers in Singapore from July 2011 to 2015. The research is broken down into 3 parts, with the first 2 volumes analyzing the relationships between demand and supply factors for bunker tankers and Singapore’s market. This research paper, which is the final volume, is the final evaluation based on the relationships observed from the earlier parts. The rates in the freight market are expected to remain stable in the next five years, hence different scenarios are observed. The scenarios includes different operating and capital costs and also weighted average cost of capital (WACC), to give a sensitivity analysis of Net Present Value (NPV). In addition, there is an analysis on breakeven rates in the event of fluctuating freight rates. Based on the similar scenarios as the NPV analysis, but with differing proportion of loan amounts, breakeven freight rates are obtained. It is observed that this market is generally profitable, but NPVs varies with different costs of equity. Hence, for an optimal investment in this market, the best scenario is when operating costs, capital costs and WACCs are at their lowest. Bachelor of Science (Maritime Studies) 2012-05-16T07:57:12Z 2012-05-16T07:57:12Z 2012 2012 Final Year Project (FYP) http://hdl.handle.net/10356/49265 en Nanyang Technological University 181 p. application/pdf |
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DRNTU::Engineering::Maritime studies::Maritime management and business Aw, Kavin Weijie Market outlook for the Singapore bunkering market from 2011 to 2015 |
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This research explains the viability of investing in bunker tankers in Singapore from July 2011 to 2015. The research is broken down into 3 parts, with the first 2 volumes analyzing the relationships between demand and supply factors for bunker tankers and Singapore’s market. This research paper, which is the final volume, is the final evaluation based on the relationships observed from the earlier parts.
The rates in the freight market are expected to remain stable in the next five years, hence different scenarios are observed. The scenarios includes different operating and capital costs and also weighted average cost of capital (WACC), to give a sensitivity analysis of Net Present Value (NPV).
In addition, there is an analysis on breakeven rates in the event of fluctuating freight rates. Based on the similar scenarios as the NPV analysis, but with differing proportion of loan amounts, breakeven freight rates are obtained.
It is observed that this market is generally profitable, but NPVs varies with different costs of equity. Hence, for an optimal investment in this market, the best scenario is when operating costs, capital costs and WACCs are at their lowest. |
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School of Civil and Environmental Engineering |
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School of Civil and Environmental Engineering Aw, Kavin Weijie |
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Final Year Project |
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Aw, Kavin Weijie |
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Aw, Kavin Weijie |
title |
Market outlook for the Singapore bunkering market from 2011 to 2015 |
title_short |
Market outlook for the Singapore bunkering market from 2011 to 2015 |
title_full |
Market outlook for the Singapore bunkering market from 2011 to 2015 |
title_fullStr |
Market outlook for the Singapore bunkering market from 2011 to 2015 |
title_full_unstemmed |
Market outlook for the Singapore bunkering market from 2011 to 2015 |
title_sort |
market outlook for the singapore bunkering market from 2011 to 2015 |
publishDate |
2012 |
url |
http://hdl.handle.net/10356/49265 |
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1759853234607882240 |