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A freight rate (historically and in ship chartering simply freight [1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.
Bulk cargo refers to material in either liquid or granular, particulate (as a mass of relatively small solids) form, such as petroleum/crude oil, grain, coal, or gravel. This cargo is usually dropped or poured, with a spout or shovel bucket, into a bulk carrier ship's hold , railroad car / railway wagon , or tanker truck / trailer / semi ...
The Baltic Dry Index (BDI) is a shipping freight-cost index issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
Shanghai Shipping Freight Exchange is the first electronic shipping freight exchange in the world. It has three lines of businesses, including International Dry Bulk, Domestic Coastal Coal, and International Container. The container freight derivatives were launched in 2011 and shortly became the most liquid container freight contracts.
This is the largest size defined by the average freight rate assessment (AFRA) scheme. Q-Max , liquefied natural gas carrier for Qatar exports. A ship of Q-Max size is 345 m (1,132 ft) long and measures 53.8 m (177 ft) wide and 34.7 m (114 ft) high, with a shallow draft of approximately 12 m (39 ft).
The Baltic Dry Index is now down 48% since the start of the new year. While a rate drop-off in the new year is typical because the Chinese New Year decreases demand in the world's largest economy ...
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