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The sale and purchase of ship is an important aspect of the shipping industry. It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining .
The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.
In this sense, a ship is a vessel with three or more masts, all of which are square-rigged. For clarity, this may be referred to as a full-rigged ship or a vessel may be described as "ship-rigged". [b] Alongside this rig-specific usage, "ship" continued to have the more general meaning of a large sea-going vessel. Often the meaning can only be ...
Dry Cargo shipping can, in general terms, be categorized by Vessel size: namely, Bulkers such as Capesizes, Panamaxes, and Handysize. Each size of vessel suits different types of cargo and trade routes/ports. Many owners, charterers, and brokers tend to specialize in one or other of these sectors.
The sides of a ship. To describe a ship as "on her beam ends" may mean the vessel is literally on her side and possibly about to capsize; more often, the phrase means the vessel is listing 45 degrees or more. beam reach Sailing with the wind coming across the vessel's beam. This is normally the fastest point of sail for a fore-and-aft-rigged ...
A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates.
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A container ship (also called boxship or spelled containership) is a cargo ship that carries all of its load in truck-size intermodal containers, in a technique called containerization. Container ships are a common means of commercial intermodal freight transport and now carry most seagoing non-bulk cargo.