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A yacht broker is a specialist who serves yacht or boat sellers and/or buyers as a representative for the sale or purchase of a yacht or boat. The yacht broker is paid an agreed commission by the seller to market the yacht for sale, field interest and inquiries from buyers, handle negotiations, attend inspection and water trial and ultimately, if successful, to attend delivery.
Some brokerage firms have developed into large companies, incorporating departments specialising in shipping's various sectors, e.g. Dry Cargo Chartering, Tanker Chartering, Container Chartering, Sale & Purchase, Demolition, Futures and Research; other "boutique" shipbroking firms concentrate on specific sectors of the shipping market.
To reduce the number of disputes and smoothen the sale and purchase procedure, normally the ship-owner (seller) and the buyer will appoint brokers as middlemen to handle the transaction. There are three main stages for the sale and purchase of a ship which include: (1) the negotiation and contract stage, (2) the inspections stage, and (3) the ...
The Commerce Department announced on November 7, 2017 that Commerce Secretary Ross "had fully divested" his stakes in Diamond S Shipping, and Navigator Gas LLC. [5] Concerns were raised about Wendy Teramoto, in an in depth November 6, 2017 report by American Public Media (ABM). "[6] Teramato is Ross' chief of staff at the Commerce Department. [6]
American River Transportation Co., LLC (ARTCO) is a subsidiary of Archer Daniels Midland (ADM). It provides river transportation , including barges and a shipyard; it also operates towboats on the Illinois River , Mississippi River , and Ohio River . [ 2 ]
Founded in 1892, Crowley is primarily a family- and employee-owned vessel management, owner, and supply chain logistics services company, providing services globally. As of July 2016, Crowley was ranked as the 13th largest private company in Florida, employing approximately 5,300 people worldwide with revenues of $2.2 billion. [4]
In 2011, the Canadian investment group OMERS acquired a majority stake in V.Group, which it retained up to 2016. [7] In December 2016, the Ontario municipal workers pension fund sold 51% of the shares of the V.Group to an investment company called Advent international, thus transferring its ownership. [2]