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The time sheet enables laytime and therefore demurrage or despatch to be calculated. [5] The demurrage fee is often a daily amount agreed between charterers and ship owners. Ideally, the demurrage fee (per day in US dollars) covers the daily time charter rate, daily voyage costs, and the ship owner’s risk premium. [6]
1926 - Introduction of Cost and Management, the predecessor of CMA Magazine; 1930 - Name changed to The Canadian Society of Cost Accountants and Industrial Engineers; 1941 - Formation of provincial societies in Ontario and Quebec, with the power to grant the newly established professional designation of Registered Industrial Accountant ("RIA")
CMA CGM is a French shipping and logistics company founded in 1978 by Jacques Saadé. [7]The name is an acronym of two predecessor companies, Compagnie Maritime d'Affrètement (CMA) and Compagnie Générale Maritime (CGM), translating as "Maritime Freighting Company" and "General Maritime Company", respectively.
American President Lines, LLC (APL, formerly American President Lines Ltd.), is an American container shipping company that is a subsidiary of French shipping company CMA CGM. It operates an all-container ship fleet, including nine U.S. flagged container vessels.
Container ship CMA CGM Vasco da Gama in the port of Hamburg in September 2015. CMA CGM Vasco de Gama is an Explorer-class container ship built for CMA CGM. It is named after Portuguese explorer Vasco de Gama. CMA CGM had originally planned to name the ship after Benjamin Franklin. [1]
In commercial shipping, laytime is the amount of time allowed, measured in days (or portions thereof), hours, or even tides, within a voyage charter for the loading and unloading of cargo.
The main engine installed on board of CMA CGM Medea is a MAN B&W 12K98MC. This produces a cruising speed of 23.2 knots (43.0 km/h; 26.7 mph), with a maximum speed of 25.4 knots (47.0 km/h; 29.2 mph). In addition the ship has two bow thrusters with power of 2,500 kW (3,400 hp) each, for added manoeuvrability in ports.
Year-average daily charter rates for a 1-TEU (14-tonne) slot have varied from $2.70 to $35.40 between 2000 and 2010. UNCTAD also tracks container freight rates. Freight rates are expressed as the total price in U.S. dollars for a shipper to transport one TEU worth of cargo along a given route. [60]