Search results
Results From The WOW.Com Content Network
The sale and purchase of ship is an important aspect of the shipping industry. It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining .
In the sale and purchase market, second-hand ships are traded between shipowners. The administrative procedures used are roughly the same as in the real-estate business, using a standard contract . Trading ships is an important source of revenue for shipowners, as the prices are very volatile.
Sale & Purchase ("S&P") brokers handle the buying and selling of existing vessels in the secondhand market or contract new ships (called newbuildings in industry parlance) from shipbuilding yards. S&P brokers promote opportunities and discuss market trends with shipowners, charterers, investors and bankers, as well as reporting on market sales ...
Mediterranean Shipping Company was founded in Naples in 1970 as a private company by seafaring captain Gianluigi Aponte when he bought his first ship, Patricia, followed by Rafaela, with which Aponte began a shipping line operating between the Mediterranean and Somalia. The line subsequently expanded through the purchase of second-hand cargo ships.
In commercial demise chartering, a subtype of bareboat chartering, the charter period may last for many years and may end with the charterer acquiring title (ownership) of the ship. In that case, a demise charter is a form of hire-purchase from the owners, who may well have been the shipbuilders. Demise chartering is common for tankers and bulk ...
In recent months, plenty of business executives have said they were taking a wait-and-see approach to U.S. President Donald Trump's broad threats of tariffs. Automakers like General Motors and ...
The line was reconstituted as the Black Cross Navigation and Trading Company thereafter, which purchased a new ship, the SS General G W Goethals, in October 1924. It was then renamed the SS Booker T. Washington. [11] The ship sailed to Cuba and Panama in 1925, but it is unclear whether it ever returned to New York, due to lack of funds. [12]
The procurement of Landing Platform Docks (LPD) by the Indian Navy, formerly known as the "Multi-Role Support Vessel Program" (MRSV) - is an initiative of the Indian Navy (IN) to procure a series of landing platform docks, specific vessels dedicated to amphibious warfare, as part of the service's strategy to augment its capabilities of amphibious warfare, disaster-response, humanitarian ...