Académique Documents
Professionnel Documents
Culture Documents
2007
2012
2017
2022
2027
300,000
350,000
750,000
850,000 1,250,000
Tableau 3
2001
Nombre de navires
2002
63
2003
33
2004
21
Tableau 4
Plus de 24 ans
20 24 ans
15 19 ans
10 14 ans
5 9 ans
moins 5 ans
0.65
0.75
0.8
1.05
1.15
Tableau 5
Cargaison mondiale de minerai de fer, taille de la flotte et tarifs quotidiens moyens d'affrtement de navires Cap
1994 et 2001
1994
1995
1996
1997
1998
375
397
385
424
420
Taille de la flotte
NA
NA
NA
540
523
$16,851
$20,149
$11,730
$14,794
$10,105
$18,250
$18,544
$14,079
$16,063
$13,076
1999
2000
2001E
410
440
436
523
552
612
$9,427
$22,575
$12,626
$15,344
Tableau 6
Age du
navire
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Tarifs quotidiens d'affrtement dure fixe prvus pour un nouveau navire Capesize
Anne de
l'vnement
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Anne civile
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
cargaisons
de minerai de fer
(millions de
tonnes)
440
436
445
454
463
472
479
486
493
501
508
516
524
532
540
548
556
564
573
581
590
599
608
617
626
636
645
655
% de
croissance
7.30%
-0.90%
2.00%
2.00%
2.00%
2.00%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
1.50%
Tarif quotidien
moyen
d'affrtement
15,344
14,747
15,072
15,403
15,742
16,088
16,273
16,460
16,650
16,841
17,035
17,231
17,429
17,629
17,832
18,037
18,245
18,454
18,667
18,881
19,098
19,318
19,540
19,765
19,992
20,222
20,455
20,690
% de
croissance
21.50%
-3.90%
2.20%
2.20%
2.20%
2.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
1.20%
Facteur
Tarif quoditien Tarif quoditien
d'adjustement du d'affrtement d'affrtement
tarif d'affrtement
ajust
prvu
1.15
1.15
1.15
1.15
1.05
1.05
1.05
1.05
1.05
1.00
1.00
1.00
1.00
1.00
0.80
0.80
0.80
0.80
0.80
0.75
0.75
0.75
0.75
0.75
0.65
17,713
18,103
18,501
18,714
17,283
17,481
17,682
17,886
18,092
17,428
17,628
17,831
18,036
18,243
14,762
14,932
15,104
15,278
15,454
14,654
14,823
14,993
15,166
15,341
13,448
20,000
20,200
20,400
18,714
17,283
17,481
17,682
17,886
18,092
17,428
17,628
17,831
18,036
18,243
14,762
14,932
15,104
15,278
15,454
14,654
14,823
14,993
15,166
15,341
13,448
9080000
Journalier
4000
0
8 jrs
12 jrs
16 jrs
Tab 1
Revenus
Frais d'exploitation
Augmentation annuelle
pas de facturation pour le client quand le navire est l'entretien ou en rparation
Cots
4000
1%
Anne
Age du navire
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
de
l'vnement
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
358
357
357
357
354
353
353
353
354
349
349
349
350
349
349
Tarif quoditien
d'affrtement prvu
20,200
20,400
18,714
17,283
17,481
17,682
17,886
18,092
17,428
17,628
17,831
18,036
18,243
14,762
14,932
Revenu
7,231,600
7,282,800
6,680,898
6,170,031
6,188,274
6,241,746
6,313,758
6,386,476
6,169,512
6,152,172
6,223,019
6,294,564
6,385,050
5,151,938
5,211,268
Frais
d'exploitation
Montant total
annuel frais
d'exploitatio Achat d'un
n
navire
Cot
3,900,000
3,900,000
4,120.00
4,284.80
4,456.19
4,634.44
4,819.82
5,012.61
5,213.11
5,421.64
5,638.50
5,864.04
6,098.61
6,342.55
6,596.25
6,860.10
7,134.51
1,507,920
1,568,237
1,630,966
1,696,205
1,764,053
1,834,615
1,908,000
1,984,320
2,063,693
2,146,240
2,232,090
2,321,374
2,414,229
2,510,798
2,611,230
4160
4000
4160
31,200,000
366
365
365
365
366
365
365
365
366
365
365
365
366
365
365
Anne civile
2000
2001
2002
2003
Age du navire
2004
2005
366
365
7,231,600 7,282,800
Revenu
Tarif quoditien d'affrtement prvu
Nombre de jours factur exclus les heures
de rparation ou d'entretiens
20,200
20,400
358
357
Cots
1,507,920 1,563,952
3,900,000 3,900,000
4,120
4,285
366
365
###
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
365
365
366
365
365
365
366
365
365
365
366
12
12
12
12
12
16
16
16
16
10
11
12
13
14
15
16
10
11
12
13
6,680,898 6,170,031 6,188,274 6,241,746 6,313,758 6,386,476 6,169,512 6,152,172 6,223,019 6,294,564 6,385,050
18,714
17,283
17,481
17,682
17,886
18,092
17,428
17,628
17,831
18,036
18,243
357
357
354
353
353
353
354
349
349
349
350
1,626,510 1,691,570 1,764,053 1,829,603 1,902,787 1,978,898 2,063,693 2,140,376 2,225,991 2,315,031 2,414,229
4,456
4,634
4,820
5,013
5,213
5,422
5,639
5,864
6,099
6,343
6,596
365
365
366
365
365
365
366
365
365
365
366
300,000
350,000
2017
2018
365
365
16
16
17
18
14
15
5,151,938 5,211,268
14,762
14,932
349
349
2,503,938 2,604,095
6,860
7,135
365
365
750,000
Montant
Dpreciation annuelle
tax rate
revenues
operating cost
purachase
Capital exp
EBIDTA
depreciation of purchase
depreciation of capital
EBIDT
TAX
PAT
Net salvage value
Inv in working capital
FCF
NPV
3,700,000
1,560,000
35%
3%
9%
15
2001
2002
2003
2004
2005
2006
7140000
7211400
7282800
6680898
-1460000 -1518400
-3,900,000
-3,900,000 -31,200,000
5,680,000
5,693,000
5,703,664
5,038,597
2,266,667
2,266,667
2,266,667
2,266,667
3,413,333
3,426,333
3,436,997
2,771,930
1,194,667
1,199,217
1,202,949
970,175
2,218,666
-15,000
2,227,116
-15,450
2,234,048
-15,914
1,801,754
-16,391
-4,400,000 -26,729,667
4,478,333
4,484,802
4,052,030
-500,000
-3,900,000
-1579136 -1642301
-5,932,339.87
c
d
tm
k
###
28%
9%
2007
2008
2009
2010
2011
2012
2013
2014
6170031
6170793
6241746
6313758
6386476
6152084
6152172
6223019
4,394,480
4,394,380
4,392,498
4,388,365
-350,000
4,074,049
2,195,371
2,266,667
60,000
2,067,813
2,266,667
60,000
2,067,713
2,266,667
60,000
2,065,831
2,266,667
60,000
2,061,698
2,266,667
60,000
1,747,382
2,266,667
70,000
1,654,348
2,266,667
70,000
1,638,749
768,380
723,734
723,700
723,041
721,594
611,584
579,022
573,562
1,426,991
-16,883
1,344,078
-17,389
1,344,014
-17,911
1,342,790
-18,448
1,340,104
-19,002
1,135,798
-19,572
1,075,326
-20,159
1,065,187
-20,764
3,376,775
3,593,356
3,592,770
3,591,009
3,587,769
3,032,894
3,321,835
3,311,090
2,266,667
0.96
2,266,667.00
### d
0.09
###
###
2,364,274.67
9.00
3,991,015
3,975,416
8,555,725.33
2.49
2015
2016
2017
6294564
6366807
5151938
3,957,057
3,935,800
-750,000
2,623,690
2,266,667
70,000
1,620,390
2,266,667
70,000
1,599,133
2,266,667
70,000
287,023.4
567,136
559,696
100,458.2
1,053,253
-21,386
1,039,436
-22,028
186,565
-22,689
3,298,534
3,284,075
1,680,543
2018