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Tanker brokers similarly negotiate maritime contracts, known as charter parties. The main terms of negotiation are freight/hire and demurrage. Oil being a fast moving trade, freight rates for crude oil tanker charters are most commonly based on the Worldscale Index; the Worldscale Association publishes flat rates annually. [3]
Location; Country: United States: Location: Houston (Texas, USA): Coordinates: 1]: UN/LOCODE: USHOU [2]: Details; Operated by: Port of Houston Authority: Owned by: City of Houston: Type of harbour: Artificial / natural: Number of cargo container terminals: 2: Number of major general cargo terminals: 5: Statistics; Annual cargo tonnage: 212 million (2006) [3]: Annual container volume: 1.6 ...
The Institute of Chartered Shipbrokers (ICS) is a professional and learned society for all members of the commercial shipping industry worldwide. After being founded in 1911 in London, the ICS was granted a Royal Charter in 1920. [2] The Institute is the only internationally recognised professional body in the commercial maritime sphere. [3]
BP Plc, which chartered the vessel, said it submitted a waiver request with the U.S. customs service on Sept. 20 to allow for the diesel to be diverted from its original destination to Puerto Rico ...
The Houston Ship Channel, in Houston, Texas, is part of the Port of Houston, one of the busiest seaports in the world. [1] The channel is the conduit for ocean-going vessels between Houston-area terminals and the Gulf of Mexico , and it serves an increasing volume of inland barge traffic.
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. The same scale is used today, although it was merged with the American Tanker Rate Schedule (ATRS) in 1969.
Japanese pitcher Roki Sasaki remains one of the biggest free agents available. Here are the latest rumors surrounding the international star.
A T5-S-RM2a tanker, American Explorer was laid down in 1957, intended to be the world's first nuclear-powered tanker, but construction costs ballooned; the MSTS, using funds left over from the construction of the Maumee-class, funded her completion with a conventional steam plant. American Explorer (T-AO-165), later T-AOT-165