Jumbo j-1800-report

TEL +31 10 413 4630FAX +31 10 433 4624EMAIL [email protected] WWW.JUMBOSHIPPING.NL

POSTAL ADDRESS:P.O. BOX 23016 3001 KA ROTTERDAM THE NETHERLANDS

JUMBO SHIPPING VOF:3, VAN VOLLENHOVENSTRAAT3016 BE ROTTERDAMTHE NETHERLANDS

MV JUMBO JAVELIN J1

J - CLASS

Call sign : PHEGIMO NO. : 9243837Port of registry : WillemstadFlag : Netherlands

: Lloyd’s Register +100 A1 Strengthened for heavy cargoes +LMC , UMS, CG, LI, DP (AA), PCR, IWS; With the note: “SCM”; Loading & unloading aground during crane operations; with hatchcovers omitted draught restricted to 7,5m

Built : 2004Owner : Jumbo Javelin N.V.Charterers : Kahn Special Transport B.V. RotterdamGeneral agent : Kahn Scheepvaart B.V. Rotterdam

: Gard A.S., Arendal, NorwayDeadweight (summer) : 10942t (7.5m)/ 12922t (8.1m) all told

: 7.5m (open condition)/ 8.1mLength o.a. : 144,21 mBeam o.a. (hull) : 26.70 m

: 47,32 mG.T. : 15022N.T. : 4506G.T. Suez Canal : 14672N.T. Suez Canal : 10926G.T. Panama : N.T. Panama : 12592

: 1: 1: 18030 m3: 3100 m2

Hold: dimensions lowerhold : 82,65 x 17,00 m : 101.95 x 17.00 m

Hold: total height : 12,50 m: 12,00 t/m2: 7,00 t/m2: 5x 8.7t/m2 and 3x 12t/m2

Cargo gear : 2 Cranes each 900 t / in combi 1800 t Auxiliary hoist 2x 37,5 t (traveling trolley) 2x 10 t Slinghandling hoist

Main engine(s) : 2x MAN/B&W 9L 32/40 (8640 kW total)Thruster(s) : DP System: Kongsberg Simrad SDP 21Bow tunnel thruster : Wartsila C.P.P. CT200-M (1450 kW)Bow tunnel thruster : Rolls Royce TT2400DPN-SS-CP (1450 kW)

: Wartsila FS225-240/MNR (1700 kW): 17,00 knots: 1269 t I.F.O / 207 t M.G.O.: 140,82 t

::

: 192 FEU in hold w/o tweendeck hatchcovers / 426 TEU

Beasley 164414 : Ships Construction Project MT 250 ! Page -1-SUNY Maritime, 6 Pennyfield Ave. Bronx, N.Y. 10465 [email protected] 321-543-3241

mailto:[email protected]


Jumbo has taken delivery of two super heavy lift vessels and is currently building two more new-generation super heavy lift vessels in response to the offshore industry's demand for a higher lifting capability as well as a larger outreach and lifting height for offshore installations. Designated as J-1600 Class (now J-1800 Class) ships. The first two ships in this class of 11,000 dead weight ton ships, was the Jumbo Javelin followed by the Jumbo Fairpartner. As of 2004 - 2008 they were the most powerful heavy lift cargo vessels in their class in the world. Their class is the traditional heavy lift cargo ship, as opposed to a heavy lift submersible or heavy lift RO/RO vessel. The Jumbo Javelin is now world famous as the star attraction in the 2008 version of Ship Simulator published by the Dutch company VSTEP (www.shipsim.com or www.vstep.ln

Builder: Damen Shipyards, Galatz Romania

DAMEN SHIPYARDS GALATI132 Moruzzi Street800223 Galati, RomaniaPhone+40 236 307 111 Fax +40 236 307 211E-mail: [email protected]

The Damen Shipyard in Galati Romania was built on the Danube River in 1893. Since that time they have manufactured over 1,100 ships. Between 1994 and 1999 the Dutch provided expertise to the shipyard to modernize the facility. In 1999 a Dutch partnership purchased the shipyard. The shipyard had a tremendous amount of renovation to make it competitive. The shipyard builds a large variety and number of ships. Typically, Damen builds 200 ships a year of various types and functions. In the typical year Damen builds only two heavy lift ships similar to the Jumbo Javelin and Fairpartner.

In the 1980’s and 1990’s the Dutch government became concerned about the decline in Dutch registered / flagged / crewed ships. As such the Dutch government began funding or underwriting ship building to restore the Dutch shipping fleet. Part of this strategy was the purchase of the shipyard in Romania. This allowed Dutch ships to be built economically with one dollar and hour East European labor. Since the shipyard is owned by a Dutch company the yard is considered to be Dutch. This was a trick used by the American shipping magnate Daniel Ludwig in the 1950’s and 1960’s. He purchased a Japanese shipyard to bypass laws against the Japanese building ships. Ludwig claimed it was an American shipyard. Often times the builders of the Jumbo Javelin and Jumbo Fairpartner are listed as Damen Shipyards Harinxveld or Rotterdam. These ships are Dutch flagged and carry Dutch officers, although the crew is Philippino. The goal of Damen Shipyards is to focus upon high tech vessels, research vessels and mega-yachts. This will increase the competition for similar American built ships, typically the mega-yachts. Damen has introduced a tightly structured mission statement. Quality control has got to be a major challenge for the Dutch, as post communist Eastern European nations are not known for their work ethic. I quote from the Damen website:

“Management System, and will apply the following principles to all activities to be performed: • The Quality Management represents the first responsibility of management personnel; • The activities should be carried out in fully accordance with the Quality Manual and

requirements concerning procedures applied to each activity;


http://www.shipsim.com

http://www.shipsim.com

http://www.VSTEP.ln

http://www.VSTEP.ln





• Training and involvement of personnel in order to achieve the quality objectives; • The decisions at each level are taken only on the basis of data and facts; • Firm connections with the traditional DSG’s suppliers; • Environment protection and performance of activities in full security for DSG personnel.We continuously control and upgrade our customer-focused process. The two most important parameters to become "The preferred shipbuilder" are: • To build confidence. • To be price and costs competitive.”

Ship Class:

J- 1600. The 1600 relates to the lifting capacity of the two cranes on the deck. The newer ships in this class are referred to as J-1800’s. There are now four of these ships which are in service or under construction.

The Mission or Market Segment:They were brought into service in the first quarter 2004. These eighth-generation Jumbo heavy lift ships are designed to provide new heavy transport solutions for its core markets which includes the oil and gas sector. Heavy lift ships typically handle power plants, petrochemical and water treatment installations, transformers, generators, engines, cement plants, - both onshore and offshore - and wind power generation industries. Recently, wind power has taken a priority and Jumbo has installed an Ampelmann. Acording to the Ampelmann website “The Ampelmann is a ship-based self stabilizing platform that actively compensates all vessel motions to make offshore access safe, easy and fast.” Below is a drawing of a heavy lift cargo.




Management Company:

The vessels will be managed by Jumbo;

3, Van Vollenhovenstratt3016 BE RotterdamThe NetherlandsPH 31, 10, 413, 4630 FX 31, 10, 433, 4624Email [email protected] WWW.jumboshipping.nl

The Ships Agent:

Kahn Scheepvaart, Rotterdam.

Kahn Scheepvaart En Handelmij BV H G

Van Vollenhovenstraat 3 E78, 3016 BE Rotterdam, Netherlands010 2014100 ‎

Insurance Agents and P & I Club:

GARD of Arendal, Norway - the GARD P&I-Club

The GARD website provides the following information:

GARD insures 4600 vessels with a total tonnage of 87 million gross tons. GARD is the second largest P&I club in the world. GARD represents all types of ships: “Large tankers, cruise vessels, container vessels, LNG and LPG carriers, ferries, oil rigs, FPSO's”. “The primary strategic goal of GARD is to provide protection, financial stability and premium predictability for it's Members. As of the commencement of the 1997 insurance year, total funds exceeded USD 600 million, including a contingency reserve in excess of USD 200 million -- all at market value.” “Typical liabilities covered by the club are claims from damages to or shortages of cargo carried on board, injuries or illness in respect of passengers or crew, collisions with quays, piers or other vessels and, perhaps the financially most severe contingency - pollution of the environment by oil or other products carried by the vessel.” GARD has agents and offices worldwide. They have an impressive annual report posted on the internet.

http://www.cefor.no/news/CEFOR%20&%20Annual%20Report/CEFOR%20Ann.Report%202001.pdf




http://WWW.jumboshipping.nl








Sjøassurandørernes CentralforeningThe Central Union of Marine UnderwritersOslo – NorwayPostal address: P.O.Box 2550 Solli,N-0202 Oslo, NorwayVisiting address: Hansteens gate 2Phone: +47 23 08 65 50Fax: +47 22 56 10 77E-mail: [email protected]

Classification Society: Lloyds Register (LR)

The Dutch-flagged vessel is classified by Lloyds with the notation 100 A1, LI, CG, +LMC, UMS, with descriptive note SCM regarding loading and unloading. I emailed the Houston office of Lloyds for a clarification of the notations assigned to Jumbo Javelin and Fairpartner.

Lloyds - email clarified:

Q This distinguishing mark will be assigned, at the time of classing, to new ships constructed under LR’s Special Survey in compliance with the rules, and to the satisfaction of the Classification Committee.

100 This character figure will be assigned to all ships considered suitable for sea-going service.

A This character letter will be assigned to all ships which have been built or accepted into class in accordance with LR’s Rules and Regulations, and which are maintained good and efficient condition.

1 this character figure will be assigned to:

(a) Ships having on board, in good and efficient condition, anchoring and/or mooring equipment in accordance with the Rules.

(b) Ships classed for a special service, having on board, in good and efficient condition, anchoring equipment approved by the Classification Committee as suitable and sufficient for particular service.

CG - Optional notation. Indicates that the ship’s cargo gear is included in class.

LI This notation will be assigned where an approved loading instrument has been installed as a classification requirement.

QLMC This notation will be assigned when the propelling and essential auxiliary machinery have been constructed, installed and tested under LR’s Special Survey and in accordance with LR’s Rules and Regulations.






UMS This notation may be assigned when the arrangements are such that the ship can be operated with the machinery spaces unattended. It denotes that the control engineering equipment has been arranged, installed and tested in accordance with LR’s Rules, or is equivalent thereto.

SCM Screwshaft Condition Monitoring.

Lloydʼs Register North America, Inc. Priyabrata Patnaik American Technical Performance Manager 1401 Enclave Parkway, Suite 200Houston, Texas.

Design:

Heavy lift cargo ship.

Hull Form:

The ship has a bulbous bow. It probably has a duct keel.

House:

In order to increase operational flexibility, the deckhouse and bridge are placed forward and only extend across half the deck-width. This solution maximizes longitudinal deck space, allowing for the comfortable accommodation of reactor columns which can exceed 150m in length. The house is on the front of the ship, which usually means the ship tends to be a near coastal vessel, rather than a deep sea vessel.

Accommodations and Crew Size:

As mentioned previously, Jumbo is a privately held company. Typically they get their funding out of the private equity markets called KG Houses. In some European countries, such as Germany income from capital invested in the maritime industry is tax free. For this reason Jumbo is not required to make public disclosures. Jumbo uses this to obtain a competitive edge over their publicly traded competition. The average heavy lift ship in the J-1600 Class has a crew of 34 to 39 persons. The director of finance at Jumbo, Bart Zielhuis was kind enough to provide me with some additional information. In his email he said the J-1600 Class has a crew of 19. It has 4 deck crew, 4 engineers, all of whom are Dutch. The 11 person crew is Philippino. The cost of the Dutch crew is about $4,800 USD per person, with the Philippino crew being paid about $2,500 USD per month. Bart Zielhuis said that total crew costs accounted for approximately 50% of the cost of operating the ship, sometimes more. If indeed the Jumbo has a crew of 19 while the competition has a crew of 34 to 39, that provides a competitive advantage.




Fresh Water Capacity:

The J-1600 holds 150 tons of potable water.

Machinery:

The J-1600 class has two state-of-the-art mast cranes with a combined lifting capacity of 1,600 tons at a maximum outreach of 28 meters. For general cargo there is an auxiliary hoist on a trolley that has a 35 ton capacity. There is also a 10 ton whip-hoist. As well the Ampelmann was added, a self stabilizing work platform.

CG - Optional notation. Indicates that the ship’s cargo gear is included in class.

LI This notation will be assigned where an approved loading instrument has been installed as a classification requirement.

Cost:

The cost of the J-1600 Class is not public information. It seems there was some combination of private and public financing of a number of the Jumbo ships. Perhaps Jumbo was able to assist the Dutch government in rebuilding the waning Dutch fleet. The typical cost of a heavy lift vessel ranges from the Blue Giant constructed in 2008 for $100 M USD down to 85.2M USD for Schiffahrtskontor Altes Land, (SAL) heavy lift ship constructed in Germany for about 60 million euro or 85.2 million USD 2009 dollars. In the email from Bart Zielhuis director of finance at Jumbo, he said the SAL figure of 85M USD was a usable estimate of the cost of a new build price.

Payback Period:

In as much as Jumbo is building one new J-1600/1800 every 2 years since 2004. The payback or break-even costs might be very short. According to the email from Bart Zielhuis director of finance at Jumbo, he recommended I use a loan or amortization period of 13 years with a Straight Line (SL) depreciation schedule of 20 years with a 10% residual or scrap value.

Financial Statements: Performa Balance Sheet EOY 1.

Performa J-1600 capitalized useful life of 20 year period 10% salvage value. Loan 50% LTV, amortized for 13 years at 6% fixed interest.

Current Assets

Cash in BanksCharter Income Accounts Receivable (due before Dec. 31) Notes Receivable (portion due before Dec. 31) Misc. passengers Misc. cargo




Total Charter and Miscellaneous Income

Supplies - Bunkers and spare parts Two months reserves of crew wages 285,567Prepaid Management fees Prepaid Insurance Prepaid - Class Society survey & feesPrepaid Dockage - permits and fees

Total Current Assets 285,567

Long Term Assets

Notes Receivable J 1600 Vessel Expense 85,200,000Depreciation <4,260,000>Tools & Machinery

Total Long Term Assets 80,940,000

Current Liabilities

Operating Costs Annual Officers x 8 (8 x $4,800 x 52 ) <1,996,800> Annual Crew x 11 <1,430,000> (11 x 2,500 x 52) Annual Food <520,125> Supplies - Bunkers and spare parts Two months reserves of crew wages <285,567>Prepaid Management fees Prepaid Insurance Prepaid - Society Class survey & feesPrepaid Dockage - permits and fees

Total Current Liabilities

Capital Costs - interest 6% <2,556,000>Ship Loan <42,600,000>

Long Term Liabilities

Daily Charter break-even = Total annual costs / 360 days USDTotal Payback to break-even: = annual costs * 13 (payback period) = USD




Mortgage Information:Purchase - Build Price 85,200,000Mortgage 50% LTV 42,600,000Payment Monthly 391,972Interest 92,300

If I had a budget for this report I would have bought (www.Bizstates.com) a copy of Dunn & Bradstreet Industry Averages by SIC (Standard Industrial Code) number. In this case a number of SIC codes might be relevant, 441 Ship Shipping, 4412 Deep Sea Foreign Freight, 4424 Deep Sea Domestic Freight. Other important SIC Codes are 421 Trucking, 451 Air Cargo, 473 Freight & Cargo, 401 Railroad, 414 Bus Freight. These reports provide industry averages and percentages for key financial categories. Therefore, if you know any one figure from a Balance Sheet, then the percentages provided by D&B can be used to create and fill in a rather accurate Performa Balance Sheet for a perspective business. Knowing that the ship costs $85.2M, that piece of information along with the industry averages could be used to build a financial statement - i.e. cost categories and break-even for this perspective ship.

Daily Charter break-even = Total annual costs / 360 days USDTotal Payback to break-even: = annual costs * payback period = USDB/E = (ship costs, interest costs, all operating costs until ship is paid)It is important to calculate project break-even and then to see the impact on B/E atvarious payback periods because operating expenses are so high in the shipping industry.

Main Engines:

The vessels are powered by two main engines, rated at 4.320kW. The engines are MAN 9L 32/40 units which provide for cruising speeds up to 17.5 knots. The designation 9L 32/40 means 9 pistons, L is in line with a cylinder bore of 32 CM and a piston stroke of 40 CM. The MAN 32/40 is a four stroke engine. MAN also builds two stroke diesel engines, such as the 7S50MC-C. Four stroke engines burn fuel cleaner but they tend to burn more fuel and they are heaver as they must include a housing for an oil slump. The two stroke is lighter weight, and typically gets better fuel economy. The MAN 9L 32/40 engines uses up to 37t of fuel per day at a continuous rate of 90% load. When in harbor, the vessels consume up to 3t of heavy fuel oil or 1t of gasoil per day. The vessels have bunker capacity for 1,200t of heavy fuel oil and 100t of gasoil. For maneuvering in port, the vessels have Lips bow thruster


http://www.Bizstates.com

http://www.Bizstates.com



Flag:

Flag - Dutch-flagged vessel is classified by Lloyds with the notation 100 A1, LI, CG, +LMC, UMS, with descriptive note SCM regarding loading and unloading.

Holds:

The vessels have one 19,500m³ hold accessed by a single hatchway. The lower hold is 82.7 meters x 17 meters. The tweendeck is 101.9 meters x 17 meters.

Hatch Covers:

The one hatch cover has a tank top strenght of 12 ton/meters squared. The strength of the tweendeck top is 7 ton/meters squared. Three hatch covers have a strength of 12 ton/meters squared and five more hatch covers have a strenght of 8 tons/meter squared.

Cargo:Heavy lift ships typically handle power plants, petrochemical and water treatment installations, transformers, generators, engines, cement plants, - both onshore and offshore - and decommissioning of crude oil and natural gas platforms that have reached their useful life, or platforms that need to be repositioned to a new operating area. A new source of business is wind




power generation industries. Recently, wind power has taken a priority and Jumbo has installed an Ampelmann. According to a news article on October 2, 2009 the heavy lift industry is expecting a rebound in business. They see the energy sector recovering before the general economy and a number of the heavy lift companies have banked on power companies placing power generating windmills offshore around Europe and the United States. Machinery:

The super heavy lift new-buildings feature two state-of-the-art rotating mast cranes with a combined lift capacity of 1,600t at a maximum outreach of 28 meters. For highly efficient general cargo handling, the main hoists are supplemented with a range of other handling systems. The auxiliary hoist has a 35 ton traveling trolley and there is a 10 ton whip-hoist. The first time the cranes were tested, Lloyds required the cranes to demonstrate that they would lift 11 tons each. They were given a rating of 8 tons each.

Draft:

With a shallow draft of just 6.5m, the J-1600 class retains the small port operational capability that Jumbo's fleet is renowned for. The Lloyds Class Certificate says 7 meters draft, which is about 23 feet. Jumbo likes to say that they can get their J-1600 into shallow water and shallow ports and do work other heavy lift vessels cannot due to constrained by draft issues.




Length:

143.1 meters

Width:

26.5 meters

Air Draft:

46.40 meters

Gross Tonnage:

15,069 tons

Auxiliaries:

For maneuvering in port, the vessels have Lips bow thrusters and one azipod / azimuth retractable bow thruster.

Machinery classification limits:

The two cranes were tested by Lloyds and required to be able to lift 11000 tons each, however they were first rated at a usable level of 800 tons each, and are now rated at SWL 900 tons each. This is the SWL working limit set by Lloyds.

Hull Form:

MSD: Information not available.

Steering System :

Most ships in this class have a combination electrical and hydraulic. It seems almost like the steering on jets. The wheelhouse does not have to be connected directly to the steering controls. It is almost like, or maybe it is like using the auto pilot on manual. The auto pilot is connected to the rudder and the electronic control operates the auto pilot cylinder. If I understand correctly this is the type mechanism that controls the rudder system.

Rudders (s):

One rudder, looks to be balanced but I could not find any details on the rudder.

Azipods:

The J-1600 Class has one retractable azipod / azimuth bow thruster.




Thrusters:

The J-1600 Class has two tunnel type bow thrusters. DP system: produced by Simrad SDP 21. The unit uses Wartsila C.P.P. Ct200-M (1450 kW) Rolls Royce TT 2400DPN-SS-CP (1450 KW) Wartsila FS225-240/MNR (1700 KW). Simrad offers two courses and awards a certificate in SDP operation, as well as SDP maintenance for engineers. They also sell a simulator for the SDP (Simrad Dynamic Positioning System). This system is used on a number of ships. The training and certificate, it would seem to me, could be offered by any training facility. Does Maritime offer this training and certificate for deck licensed individuals?

Deck training / simulator package: http://www.osm.no/dl/DP_Simulator.pdf

Engineering training: http://www.simrad.com/INTERNAL/HUB0024.nsf/AllWeb/B6EE1E8710A58080C125674D00564F54/$File/SDP%20technical%20course.PDF?OpenElement

Fuel:

J-1600 Class bunkers 1,200 ton of heavy fuel oil and 100 ton of gasoil for use in port.

Fuel consumption in Port / Sea

The MAN 9L 32/40 engines uses up to 37t of fuel per day at a continuous rate of 90% load. When in harbor, the vessels consume up to 3t of heavy fuel oil or 1t of gasoil per day. The vessels have bunker capacity for 1,200t of heavy fuel oil and 100t of gasoil.

Range:

32.43 days of fuel leaving a reserve of 100 tons of clean gasoil. 17 knots x 24 hours = 408 nautical miles per day with a capacity of 32.43 days = a range of about 13,231 nautical miles under ideal conditions, with moderate or calm seas and minimal load. Range can be extended by adding additional temporary fuel tanks as necessary, or bunkering from a tanker.

Operational Cost Estimate / Fuel Consumption:

Th J-1600 Class burns 37 tons a day. I am going to assume that they are using Metric tons of 2,240 pounds Vs. English long tons of 2,205 pounds or American short tons of 2,000 pounds. The trading cost per 42 gallon barrel of Texas light crude oil on October 20, 2009 is $67.25 cents. That is $1.60 a gallon without any refining and handling costs. The crude price usually represents about .62 percent of the retail cost of diesel fuel. A gallon of diesel weighs about 7.1 to 7.3 pounds per gallon. 37 tons x 2,240 = 82,880 pounds / 7.2 pounds per gallon = 11,511 gallons @ $2.50 per gallon = $28,778 per day, or a tank full of 1,200 tons costs about $932,975.56.


http://www.osm.no/dl/DP_Simulator.pdf

http://www.osm.no/dl/DP_Simulator.pdf



What makes this vessel unique?

At the time it was designed it was the largest heavy cargo lift ship in existence. It can move massive amounts of materials into shallow water areas. This ship is perfect for working on oil rigs, scraping or decommissioning oil rigs and installing the new wind mills offshore.

Environmental - Green:

They have used biodegradable lubes and/or synthetic oils. The shaft tube lube is biodegradable so that if it leaks, this will not constitute an oil leak. The hydraulic fluids are biodegradable something similar to vegetable oil. The J-1600 carries 100 ton of gasoil to burn in the engines when in port. This light oil burns cleaner.

Electronics and Navigational Equipment:

Similar heavy lift ships such as the Mayflower Resolution and the Blue Giant have similar navigational equipment according to their websites. I infer that the J-1600 has a similar navigational equipment. The other heavy lift vessels are equipped with a class compliant dynamic positioning control system. This is a Kongsberg Simrad SDP 11 unit using Fanbeam laser, DGPS. Environmental monitoring is by three gyrocompass units, dual pitch and roll sensors and dual wind sensor units. Additionally there is an independent joystick control system to control the vessel operation in the event of DP system malfunction.

The ship is also equipped with an Ulstein Marine Automation System (UMAS) for monitoring and control of the vessel's operational functions. The UMAS is linked to the bilge, ballast, fuel oil and cooling water, diesel generators, high voltage switchboards and thruster monitoring systems.

Such ships as the Mayflower and the Blue Giant have class compliant communication and navigation systems for worldwide operation. Equipment installed includes dual radar systems, Jotron GMDSS HF/MF and VHF systems, Inmarsat-B and Inmarsat-C communication systems, an independent Sperry Marine autopilot system, Sperry Marine echo sounder and Litton water speed doppler log unit. Vessel position is constantly confirmed by two independent global positioning systems. Weather forecast data is obtained by weather fax and Furuno Navtex reports.




Bibliography

Encyclopedia of Business, 2nd ed.

SIC 4424 Deep Sea Domestic Transportation of Freight - Description, Market

Prospects, Industry History. The Encyclopedia of Business, 2nd ed.

Read more: http://www.referenceforbusiness.com/industries/Transportation-

Communications-Utilities/Deep-Sea-Domestic-Transportation-

Freight.html#ixzz0UWvYPZTz

Dunn & Bradstreet SIC codes provide financial statements for an industry. What is

important is that the income and expenses are averaged over 100 to 500 tax returns or

public financial statements. So, these averages are calculated as percentages of gross

revenues and total expenses. As such it is easy to reconstruct a realistic balance sheet

by deriving costs as a percentage of total income or total costs. In the course of

research, if you find any number from a company’s financial statements, then you can

use average percentages from the SIC codes to build an entire financial statement.

These SIC codes are free to copy in financial libraries. Not available at SUNY Maritime.

Prime Industry Reports: Sells SIC financial reports for $89.00 each

List of Industries - Industry Reports | Business Ratios ...

Review 5 years of business Financial Statements (Income Statements / Balance Sheets) with each ... SIC 4424 Deep Sea Domestic Transportation of Freight ...

www.primeindustryreports.com/pdp.aspx?pg=List-Of.


http://www.referenceforbusiness.com/industries/Transportation-Communications-Utilities/Deep-Sea-Domestic-Transportation-Freight.html#ixzz0UWvYPZTz






http://www.primeindustryreports.com/pdp.aspx?pg=List-Of-Industries

http://www.primeindustryreports.com/pdp.aspx?pg=List-Of-Industries

http://www.primeindustryreports.com/pdp.aspx?pg=List-Of

http://www.primeindustryreports.com/pdp.aspx?pg=List-Of



DAMEN SHIPYARDS GALATI

132 Moruzzi Street800223 GalatiRomaniaPhone +40 236 307 111 Fax +40 236 307 [email protected]

The parent company is a Dutch shipyard:

DAMEN SHIPYARDS HARDINXVELD

Rivierdijk 544Postbus 603370 AB Hardinxveld-GiessendamThe Netherlands

Tel(0184) 61 30 88Verkoop06 51 59 62 50Fax(0184) 61 77 93E-mailinfo@damen- hardinxveld.nl

Hoover's, Inc. 5800 Airport Blvd., Austin, TX 78752 (map)phone: 512-374-4500 fax: 512-374-4501

Financial details on: Damen Shipyards Group can be purchased from Hoover’s for $129.00 dollars for a single report, or for a student rate is $50.00 a month.

http://www.hoovers.com/about/100000489-1.htmlhttp://www.hoovers.com/student

Bart Zielhuis, director of finance at Jumbo, provided corrections to the proforma Balance Sheet.http://www.jumboship.nl

Ship Information provided by:

ship-technology.com is a product of Net Resources International. Copyright 2009 Net Resources International, a trading division of SPG Media Limited






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http://www.hoovers.com/about/100000489-1.html

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http://www.hoovers.com/student

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The Worldʼs Largest Heavy Lift Ship Enters Service Jumbo-JavelinEnergy News Editor: Richard Prince http://www.EngeryME.com

Ampelmann on Jumbo Javelin www.ship-technology.com/features/

Janeʼs Merchant Shipsprofile of Jumbo Javelin [email protected]

Lloydʼs Register North America, Inc. Priyabrata Patnaik American Techinical Performance Manager 1401 Enclave Parkway, Suite 200Houston, Texas. email on Lloydʼs classification clarification information for Jumbo Javelin

Brochures: Jumbo Javelin Jumbo FairpartnerJumbo Fairplayer Jumbo Shipping VOF3, Van Vollenhovenstratt3016 BE RotterdamThe NetherlandsPH 31, 10, 413, 4630 FX 31, 10, 433, 4624Email [email protected] WWW.jumboshipping.nl

Brochure Marine 32-40: MAN 9L Diesel EngineAddress: MANUngererstrasse 69 D-8000 Munich 40 Federal Republic of Germany

Telephone: (89) 3 60 98 0 Fax: (89) 3 60 98 250




http://www.ship-technology.com/features/

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Statistics: Public Company Incorporated: 1873 as Gutehoffnungshütte Aktienverein AG Employees: 63,707 Sales: DM17.05 billion (US$10.09 billion) Stock Index: Munich Berlin Düsseldorf Frankfurt Hamburg Bremen Hanover Stuttgart Basel Geneva Zürich


