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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.
This is a list of the 30 largest container shipping companies as of March 2025, according to Alphaliner, ranked in order of the twenty-foot equivalent unit (TEU) capacity of their fleet. [1] In January 2022, MSC overtook Maersk for the container line with the largest shipping capacity for the first time since 1996. [2]
Dimensional weight is representative of the weight of the package at the minimum density accepted by the freight carrier. [3] Shipping factors are not only different for imperial and metric measurements, but also for shipment mode and in some cases between different customers. Shipping factors will be available from the freight carrier.
The gross tonnage calculation is defined in Regulation 3 of Annex 1 of The International Convention on Tonnage Measurement of Ships, 1969. [3] It is based on two variables, and is ultimately an increasing one-to-one function of ship volume:
There is also a gauge for locomotives. The size of container that can be conveyed depends both upon the size of the load that can be conveyed and the design of the rolling stock. [18] W6A: Available over the majority of the British rail network. [19] W8: Allows standard 2.6 m (8 ft 6 in) high shipping containers to be carried on standard wagons ...
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.
A French standard tun cask size was established about 1450. [ 3 ] : 9 The 15th century Bordeaux wine tun was between 240 and 252 imperial gallons (1,090 and 1,150 L; 288 and 303 US gal). [ 4 ] : 378–379 [ a ] When measuring the tonnage of a ship, the approximately cylindrical cask would have air space around it when stowed in a ship.
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.
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