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Worldscale is a unified system of establishing payment of freight rate for a given oil tanker's cargo. Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship. A large table was created as result.
Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo. For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile. [2] So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000.
The supply of cargo ships is generally both tight and inelastic; it takes two years to build a new ship, and the cost of laying up a ship is too high to take out of trade for short intervals, [4] the way you might park a car safely over the winter. So, marginal increases in demand can push the index higher quickly, and marginal demand decreases ...
Futures contracts and cost basis. Calculating the cost basis for futures contracts involves assessing the difference between a commodity’s local spot price and its associated futures price. For ...
Container ships are cargo ships that carry their entire load in truck-sized containers, in a technique called containerization. They form a common means of commercial intermodal freight transport . Informally known as "box boats," they carry the majority of the world's dry cargo.
Dockers loading bagged cargo. FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce.
Ships in that size range can carry between 2.5 million and 3.5 million gallons of fuel. The amount of fuel actually be used on a sailing depends primarily on the ship's speed.
2GO Travel or 2GO Sea Solutions, also known simply as 2GO, is a ferry company based in Manila, Philippines, the shipping arm of 2GO Group, and the only remaining passenger cargo ferry company operating to and from Manila to Visayas and Mindanao, with its hubs located in Pier 4 at the Manila North Harbor and Batangas International Port.