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Tankers that had been scheduled to install emissions-cutting equipment ahead of stricter pollution standards starting in 2020 have deferred their visits to the dry docks to capitalise on an ...
Container Freight Swap Agreements are a financial futures contract that allow for hedging and speculating against the volatility of seaborne, intermodal container box-rates. [1] A container freight swaps most commonly takes the form of a cash-settled agreement between two parties with an equal and opposite opinion of the future of the market ...
Shipping companies charge surcharges for the freight costs, and a fee is also charged for the use of the flat rack itself, these costs are included in the freight rate. Flat racks, open top containers and reefer containers are also called special equipment, as the shipping rate are higher than those of standard containers. The empty flat racks ...
Haulers will usually charge an hourly rate for each hour after the allowed time. [6] Demurrage can also refer to the cost levied by shipping lines to cover redecoration of the container after use by the merchant, but it could also be the charges by the shipping line to customers for not returning the container in a reasonable time. [7]
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.
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.
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