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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 .
Sale & Purchase ("S&P") brokers handle the buying and selling of existing vessels in the secondhand market or contract new ships (called newbuildings in industry parlance) from shipbuilding yards. S&P brokers promote opportunities and discuss market trends with shipowners, charterers, investors and bankers, as well as reporting on market sales ...
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.
The $241 million deal announced on Nov. 13 would give Kpler control over Spire's satellites and maritime Automatic Identification System (AIS) data stream, which tracks ships Spire's sale of ship ...
Clarkson PLC, trading as Clarksons, is a provider of shipping services, and is headquartered in London. [4] In 2011, Lloyd's List described the company's shipbroking service as the "undisputed heavyweight of the shipbroking market". [5] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The sales agent must receive some form of payment or compensation from the supplier for facilitating the sale. The supplier is usually paid by the sales agent only after the good is sold and has been paid for by the buyer. The agreement typically, though not necessarily, includes a continuous replenishment of supplies for the sales inventories.
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The U.S. will no longer allow the import of seafood linked to the bycatch of marine mammals. Each year, over 650,000 marine mammals, including seals, whales, and dolphins, are killed by ...