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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.
In some cases, a charterer may own cargo and employ a shipbroker to find a ship to deliver the cargo for a certain price, the freight rate.Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and China), in Worldscale points (in case of oil tankers).
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 Baltic Exchange works like an organised market and provides a meeting place for ship owners, brokers and charterers.
The United States Merchant Marine [1] [2] is an organization composed of United States civilian mariners and U.S. civilian and federally owned merchant vessels.Both the civilian mariners and the merchant vessels are managed by a combination of the government and private sectors, and engage in commerce or transportation of goods and services in and out of the navigable waters of the United ...
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]
BP Plc, which chartered the vessel, said it submitted a waiver request with the U.S. customs service on Sept. 20 to allow for the diesel to be diverted from its original destination to Puerto Rico ...
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 ...
As brokers grow competitive on rates, commissions could fall significantly. For the median-priced American home for sale — $387,000 — sellers are paying more than $23,000 in brokerage fees.
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