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A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for future dates. FFAs are built on an index composed of a shipping route for tanker or a basket of ...
Hæwene Brim FPSO. A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive hydrocarbons produced by itself or from nearby platforms or subsea template, process them ...
LTL is a freight model which involves shipping smaller quantities of goods for multiple customers at a time. [40] In 2022, XPO's CEO stated that the company operates in 99% of US zip codes. [41] As of March 2022, XPO produces new and re-manufactured trailers at a factory in Searcy, Arkansas. [41] [42]
Standard Carrier Alpha Code. The Standard Carrier Alpha Code (SCAC) is a privately controlled US code used to identify vessel operating common carriers (VOCC). It is typically two to four letters long. The National Motor Freight Traffic Association developed the SCAC code in the 1960s to help road transport companies computerize data and records.
Baltic and International Maritime Council. The Baltic and International Maritime Council (BIMCO) is one of the largest of the international shipping associations representing shipowners. [1][2] BIMCO states that its membership represents approximately 60 percent of the world's merchant shipping tonnage and that it has members in more than 130 ...
US$29.80 billion (2022) [2] Number of employees. 14,248 [2] Website. hapag-lloyd.com. Hapag-Lloyd AG is a German international shipping and container transportation company, the 4th biggest in the world. [3] It was formed in 1970 through a merger of Hamburg-American Line (HAPAG) and Norddeutscher Lloyd. [4] Hapag-Lloyd 40ft container.
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.
The Roundtable on Sustainable Palm Oil (RSPO) was established in 2004 with the objective of promoting the growth and use of sustainable palm oil products through global standards and multistakeholder governance. The seat of the association is in Zürich, Switzerland, while the secretariat is currently based in Kuala Lumpur, with a satellite ...