Fitting for the cargo consignments over the period

Assignment Help Operation Management

Reference no: EM132219837

Marc’s shipping company has been involved in the movement of freight via road across the US and Canada for over 10 years. Personnel employed in top management at the company include a chief mate, second officer and a first engineer all of whom were actively employed in the trade prior to taking early leave to work in the company owned by a coworker of theirs.

Recently a decision was made by the board of directors to engage in shipping operations. The cross water movement has become an area of high interest and would add an extension to the list of services offered by the entity.

Marc’s transport services Inc. however does not possess the capital to purchase a ship to start the new arm of their operations. However, the current clients they serve will undoubtedly allow them to bring in significant amount of revenue year round as the commodities moved across the states are predominantly bulk cargo with demand for the quality and quantity extending beyond the borders.

1. Advise your Principal on the most appropriate type of charter and the right size ship that would be fitting for the cargo consignments over the period.

2. Advise Marc’s Transport Services Inc. of the appropriate type of charter they need to get into clearly outlining and explaining the recommended type. Explain the role and responsibilities of Marc’s Transport Services Inc. and the prospective ship owner in the charter arrangement. Also include two advantages and two (2) disadvantages of the choice made.

3. Summarize two other charter options giving the premise on which they were rejected.

Reference no: EM132219837

Questions Cloud

Are we more integrated when it comes to culture : Discuss how to assess the need for training and why it is important. Are we more integrated when it comes to culture? Explain This was a question asked in socio

Examine the model utilized to address repeat dui offenders : A common type of referral for drug and alcohol treatment stems from driving-under-the-influence (DUI) offences. While DUI refers to impairment from any drug.

Integrated with strategic planning : Describe how human resource planning is integrated with strategic planning.

Research decriminalization of marijuana : After alcohol, marijuana has historically been the most likely drug to be commonly abused in the United States. As a result, many different ways of thinking.

Fitting for the cargo consignments over the period : Advise your Principal on the most appropriate type of charter and the right size ship that would be fitting for the cargo consignments over the period.

How your corporation could earn above-average returns : Research the company on its own Website, the public filings on the Securities and Exchange Commission EDGAR database, in the University's online databases

Did you agree with the speaker or disagree and why : Here you will provide your immediate reaction to the talk in a paragraph or so (figure on about 6 sentences or so; if you go slightly over that is okay).

Human resource managers to become full business partners : What are some of the key competencies needed by Human Resource Managers to become full business partners?

Discuss one or more themes of the novel : Submit your thesis and annotated bibliography on the novel "The Curious Incident of the Dog in the Night-Time".

User Account

All Pages