Question: solve the above question as it is a scenario based? Question 1. During your class lectures you have learned that Cargo ships are classified into

solve the above question as it is a scenario

solve the above question as it is a scenario based?

Question 1. During your class lectures you have learned that Cargo ships are classified into various types on the basis of purpose, size, type of cargo etc. The economic factor is of prime importance in designing a merchant ship. Every owner wants maximum return on their investment which means a ship's construction not only depends on the current economic necessities but the factor of future adaptability also plays a part. Under this backdrop, you as a businessman/woman, what type of ship would you like to acquire/get constructed and why? Support your argument with credible statistics and referencing duly supporting with facts and logic. (6 Marks)

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