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Jeffrey Sprecher was a power plant developer who spotted a need for a seamless market in natural gas used to fuel power stations. [2] In the late 1990s, Sprecher acquired Continental Power Exchange, Inc. with the objective of developing an Internet-based platform to provide a more transparent and efficient market structure for over-the-counter energy commodity trading.
Ice navigation occurs wherever a waterborne vessel transits through sea ice.One of the more common regions for ice navigation is the Baltic Sea, where vessels visiting the Baltic States will make their way through first year ice in the winter months, often with an icebreaker, or with ice reports, charts and data provided by meteorological offices.
ICES Insight is an annual publication that offers more in-depth articles exploring subjects that feature prominently in ICES work. ICES Annual Reports recap ICES annual activities and scientific network. ICES Inside Out is a regularly appearing electronic newsletter that updates subscribers on the activities of ICES and its secretariat.
Containerization is a system of intermodal freight transport using intermodal containers (also called shipping containers, or ISO containers). [1] Containerization, also referred as container stuffing or container loading , is the process of unitization of cargoes in exports.
In official context and legislation, the ice classes are usually spelled with Roman numerals, e.g. IA. [3] Classification societies may sometimes use somewhat different distinguishing marks for Finnish-Swedish ice classes; for example, 1A Super is defined as Ice Class I AA by the American Bureau of Shipping (ABS) and ICE(1A*) by DNV GL. [4]
An invoice, bill, tab, or bill of costs is a commercial document that includes an itemized list of goods or services furnished by a seller to a buyer relating to a sale transaction, that usually specifies the price and terms of sale., quantities, and agreed-upon prices and terms of sale for products or services the seller had provided the buyer.
Arctic shipping routes are the maritime paths used by vessels to navigate through parts or the entirety of the Arctic. There are three main routes that connect the Atlantic and the Pacific oceans: the Northeast Passage , the Northwest Passage , and the mostly unused Transpolar Sea Route . [ 2 ]
A shipping market cycle or shipping cycle is a particular type of economic cycle. These cycles correct markets when supply and demand are out of balance. Shipping markets are driven by freight rates, which can move up, move down or remain unchanged. Shipping cycles are therefore determined by the fluctuations of these freight rates.