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Freight Rate
A freight rate (historically and in ship chartering simply freight) 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. Many shipping services, especially air carriers, use dimensional weight for calculating the price, which takes into account both weight and volume of the cargo. For example, bulk coal long-distance rates in America are approximately 1 cent/ton-mile. So a 100 car train, each carrying 100 tons, over a distance of 1000 miles, would cost $100,000. On the other hand, Intermodal container shipping rates depend heavily on the route taken over the weight of the cargo, just as long as the container weight does not exceed the maximum lading capacity. Prices can vary between $300-$10,000 per Twenty foot equivalent unit (TEU) depending on the supply and demand of a given route. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dry Cargo Shipping Cycles, 1741-2007
Dry or dryness most often refers to: * Lack of rainfall, which may refer to **Arid regions **Drought * Dry or dry area, relating to legal prohibition of selling, serving, or imbibing alcoholic beverages * Dry humor, deadpan * Dryness (medical) * Dryness (taste), the lack of sugar in a drink, especially an alcoholic one * Dry direct sound without reverberation Dry or DRY may also refer to: Places * Dry Brook (other), various rivers * Dry Creek (other), various rivers and towns * Dry, Loiret, a commune of the Loiret ''département'' in France * Dry River (other), various rivers and towns Art, entertainment, and media Film and television * ''Dry'' (2014 film), a Nigerian film directed by Stephanie Linus * ''Dry'' (2022 film), an Italian film directed by Paolo Virzì * ''The Dry'' (film), a 2020 film directed by Robert Connolly and based on the novel by Jane Harper ** '' Force of Nature: The Dry 2'', a 2024 sequel film * ''The Dry'' (TV series) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Twenty Foot Equivalent Unit
The twenty-foot equivalent unit (abbreviated TEU or teu) is a general unit of cargo capacity, often used for container ships and container ports.Rowlett, 2004. It is based on the volume of a intermodal container, a standard-sized metal box that can be easily transferred between different modes of transportation, such as ships, trains, and trucks. Detailed dimensions: 20-foot and 40-foot containers The standard intermodal container is long and wide. The height of such containers is most commonly but ranges from to . Another standard container is slightly more than twice as long: , dubbed a forty-foot equivalent unit (often FEU or feu). The reason the smaller container is short of 20 feet is to allow it to be stacked efficiently with 40-foot containers. The twistlocks on a ship are set so that two standard 20-foot containers have a gap of , allowing a single 40-foot container to fit precisely on top. The 40-foot containers have found wider acceptance, as they can be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ship Management
Ship management is the activity of managing marine vessels. The vessels under management could be owned by a sister concern of the ship management company or by independent vessel owners. A vessel owning company that generally has several vessels in its fleet, entrusts the fleet management to a single or multiple ship management companies. Ship management is often entrusted to third parties due to the various hassles that are involved in managing a ship. For instance, ships could be considered as large factories that travel across seas under various weather conditions for several days at a stretch. These vessels are equipped with several types of machinery that require appropriate maintenance and the associated spares on board. In the scenario of a vessel lacking adequate maintenance, this could lead to the breakdown of the equipment in the middle of a voyage at sea. A breakdown could be an expensive affair. A second scenario would be – a vessel is continuously on the move or un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Tanker
An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk cargo, bulk transport of petroleum, oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined petroleum, crude oil from its point of extraction to oil refinery, refineries. Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets. Oil tankers are often classified by their size as well as their occupation. The size classes range from inland or coastal tankers of a few thousand metric tons of deadweight tonnage, deadweight (DWT) to ultra-large crude carriers (ULCCs) of . Tankers move approximately of oil every year.UNCTAD 2006, p. 4. Second only to pipeline transport, pipelines in terms of efficiency,Huber, 2001: 211. the average cost of transport of crude oil by tanker amounts to only US. Some specialized types of oil tankers have evolved. On ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Worldscale
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. The same scale is used today, although it was merged with the American Tanker Rate Schedule (ATRS) in 1969. By 2002, the table included the average cost of 320,000 voyages of different combinations of one load and one discharge port to five loads and ten discharge ports. Worldscale is produced by Worldscale Association (NYC) Inc. for the Americas and by Worldscale Association (London) Ltd. for the rest of the world. The freight for a given ship and voyage is normally expressed in a percentage of the published rate and is supposed to reflect the freight market demand at the time of fixing. Following are some samples. In negotiating a price to pay, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2022 Russian Invasion Of Ukraine
On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thousands of Casualties of the Russo-Ukrainian War, military casualties and tens of thousands of Ukrainian Attacks on civilians in the Russian invasion of Ukraine, civilian casualties. As of 2025, Russian troops Russian-occupied territories of Ukraine, occupy about 20% of Ukraine. From a population of 41 million, about 8 million Ukrainians had been internally displaced and more than 8.2 million Ukrainian refugee crisis, had fled the country by April 2023, creating Europe's List of largest refugee crises, largest refugee crisis since World War II. In late 2021, Russia Prelude to the Russian invasion of Ukraine, massed troops near Ukraine's borders and December 2021 Russian ultimatum to NATO, issued demands to the Western world, West i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coronavirus
Coronaviruses are a group of related RNA viruses that cause diseases in mammals and birds. In humans and birds, they cause respiratory tract infections that can range from mild to lethal. Mild illnesses in humans include some cases of the common cold (which is also caused by other viruses, predominantly rhinoviruses), while more lethal varieties can cause SARS, MERS and COVID-19. In cows and pigs they cause diarrhea, while in mice they cause hepatitis and encephalomyelitis. Coronaviruses constitute the subfamily ''Orthocoronavirinae'', in the family ''Coronaviridae'', order ''Nidovirales'' and realm ''Riboviria''. They are enveloped viruses with a Positive-strand RNA virus, positive-sense single-stranded RNA genome and a nucleocapsid of helical symmetry. The genome size of coronaviruses ranges from approximately 26 to 32 kilobases, one of the largest among RNA viruses. They have characteristic club-shaped Spike protein, spikes that project from their surface, which in electron ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shippers Export Declaration
The Automated Export System (AES) is the system used by U.S. exporters to electronically declare their international exports, known as Electronic Export Information (EEI), to the Census Bureau to help compile U.S. export and trade statistics. This information is also shared with the Bureau of Industry and Security, the Directorate of Defense Trade Controls, and other federal agencies involved in monitoring and validating U.S. exports. Formerly, this declaration was only made on paper on the Shipper's Export Declaration form. Up until November 30, 2015, an exporter could file the EEI electronically to the AES using the AESDirect website, the AESPCLink software, or other AES-compatible applications. However, after the 2015 launch of the Automated Commercial Environment (ACE), all legacy AESDirect and other users must register and submit the EEI to ACE. After an EEI/SED is successfully filed and processed, the shipper receives an Internal Transaction Number (ITN) to put on the shipping ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DAT Solutions
DAT Freight & Analytics, formerly known as Dial-a-Truck, is a US-based freight exchange service ("load board") and provider of transportation information serving North America. Freight exchange services are used to match material ("loads") that needs to be shipped with over-the-road carriers, which can be hired to move those loads. DAT was established on April 3, 1978 and is part of Roper Technologies. It is co-headquartered in Denver, Colorado and Beaverton, Oregon. Jeff Clementz, President and CEO, is responsible for DAT’s strategy and execution. History In 1958, Monroe 'Moe' Jubitz opened Fleet Leasing, Inc., a truck leasing and maintenance company in Portland, Oregon. Jubitz later expanded the company to provide fuel, food, and accommodations to truckers on the road, creating Jubitz Truck Stop. The trucking industry was deregulated in the 1970s, encouraging independent truck drivers and small companies to find extra loads rather than returning empty. Jubitz noticed d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Broker
A broker is a person or entity that arranges transactions between a buyer and a seller. This may be done for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confused with that of an agent—one who acts on behalf of a principal party in a deal. Definition A broker is an independent party whose services are used extensively in some industries. A broker's prime responsibility is to bring sellers and buyers together and thus a broker is the third-person facilitator between a buyer and a seller. An example would be a real estate broker who facilitates the sale of a property. Brokers can furnish market research and market data. Brokers may represent either the seller or the buyer but generally not both at the same time. Brokers are expected to have the tools and resources to reach the largest possible base of buyers and sellers. They then screen these potential buyers or sellers f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consolidator (travel)
A travel agency is a private retailer or public service that provides travel and tourism-related services to the general public on behalf of accommodation or travel suppliers to offer different kinds of travelling packages for each destination. Travel agencies can provide outdoor recreation, arranging logistics for luggage and medical items delivery for travellers upon request, public transport timetables, car rentals, and bureau de change services. Travel agencies can also serve as general sales agents for airlines that do not have offices in a specific region. A travel agency's main function is to act as an agent, selling travel products and services on behalf of a supplier. They are also called Travel Advisors. They do not keep inventory in-hand unless they have pre-booked hotel rooms or cabins on a cruise ship for a group travel event such as a wedding, honeymoon, or other group event. Business model Travel agencies often receive commissions and other benefits and in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NVOCC
A freight forwarder or forwarding agent is a person or a company who co-ordinates and organizes the movement of shipments on behalf of a shipper (party that arranges an item for shipment) by liaising with carriers (party that transports goods). The carriers may use a variety of shipping modes, including ships, airplanes, trucks, and railroads, and often use multiple modes for a single shipment. A freight forwarder does not move the goods but acts as an agent in the logistics network and will carry out freight consolidation, rate negotiations, shipment tracking, customs and other documentation, among other tasks. FIATA describes a freight forwarder as the "architect of transport". International freight forwarders typically handle cross-border logistics and have additional expertise in preparing and processing customs documentation and performing activities pertaining to the regulations of different countries. Freight forwarders typically have information with respect to comme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
