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Tanker brokers specialize in the chartering of tankers, which requires a different set of skills, knowledge and contacts from dry cargo broking. Tanker brokers may specialize in crude oil, gas, oil products or chemical tankers. Tanker brokers similarly negotiate maritime contracts, known as charter parties.
Headquartered in Toronto, Ontario, Canada, with U.S. headquarters in Chicago, Livingston has over 2,700 employees located at more than 125 border points, seaports, airports and other locations across in North America, Europe and Asia. Livingston is currently Canada's largest customs broker and third-largest in the United States. [1] [2]
The maiden voyage of the new tanker system was made on board the Freddy. This was the prototype for the "parcel tanker", a further development on the idea by Stolt-Nielsen. [2] Stolt-Nielsen leveraged his invention into his work as a ship broker, [3] and in 1959 Stolt-Nielsen officially became a ship owner with his purchase of the Stolt Avance. [4]
Its international community of 650 member companies encompasses the majority of world shipping interests and commits to a code of business conduct overseen by the Baltic Exchange: [2] its members are responsible for a large proportion of all dry cargo and tanker fixtures as well as the sale and purchase of merchant vessels.
In November 1954, APOC renamed itself the British Petroleum Company, and in 1956 the BTC became the BP Tanker Company (BPTC).By the end of the 1950s, the BPTC's fleet stood at 146 vessels, including supertankers of 38,000 gross tonnage (67,000 deadweight tonnes), with plans to build tankers of 60,000 gross tonnage (100,000 deadweight tonnes), which would hold more than 25 million US gallons ...
Tramp ship owners and tramp ship charterers rely on brokers to find cargoes for their ships to carry. [1] A broker understands international trade conditions, the movements of goods, market prices and the availability of the owner's ships. The Baltic Exchange, in London, is the physical headquarters for tramp ship brokerage. [1]
The yard was purchased by Bertram Engine Works (1893–1905), then by Canadian Shipbuilding Company (1905–1907); and then by Toronto Shipyards (1908–1910). The idled yard was later taken over by Thor Iron Works (1913–1917), which constructed two minesweepers for the Royal Navy and four cargo vessels before selling the yard to Dominion ...
With limited budgets, MSC hit upon a build-and-charter program, under which new tankers would be built for private ownership but chartered to MSC for twenty years. These nine new tankers were the Sealift class, which were intended to replace the T2s; their size was kept relatively small (587', 6786/34,000t) for access to smaller ports and ...
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