A cargo ship or freighter is any sort of ship or vessel that carries cargo, goods, and materials from one port to another. Thousands of cargo carriers ply the world's seas and oceans each year, handling the bulk of international trade. Cargo ships are usually specially designed for the task, often being equipped with cranes and other mechanisms to load and unload, and come in all sizes. Today, they are almost always built by welded steel, and with some exceptions generally have a life expectancy of 25 to 30 years before being scrapped.
Cargo ships/freighters can be divided into five groups, according to the type of cargo they carry. These groups are:
The CCFI tracks spot and contractual freight rates from Chinese container ports for 12 shipping routes across the globe, based on data from 22 international carriers ... of the main factors affecting the supply and demand of shipping market and the fluctuation of market freight rate.
The low water levels caused delays to shipping and pushed freight costs higher, raising fears that the disruption could even hit overall German economic growth ...Shallow water after this summer’s heatwave and drought compelled some freight vessels to sail only about 25% full in ...
This corresponds to nearly a 3% increase in shipping activity measured in ton-miles, he said. A ton-mile is defined as one ton of freight shipped one mile and reflects the volume and the distance shipped. A key challenge faced by trading houses will be the shortage of smaller Aframax vessels necessary to ship Russian oil, he said.
This new regulation is seeking to address supply chain disruption by singling out the shipping industry, with US PresidentJoe Biden suggesting recently that shipping is to blame for the global turmoil in supply chains and increased freight rates ... Shipping Taxation Regimes.
Short-lines offer a unique opportunity for small communities to distribute major product, transporting tons of freight that are often too heavy to ship by trucks ... From Winfield, the transformers are then transloaded, or lifted onto a specialized truck to ship them directly to the solar farms.
The international shipping industry requires a staggering $1.4 trillion in capital expenditure to achieve a 50 percent cut in emissions by 2050, according to a new report by the UK maritime consultancy UMAS ... and the United Kingdom, have set up a more ambitious target of completely eliminating shipping emissions by 2050.
After a year of highly profitable freight rates, the container shipping business appears to be normalizing. In the past week, the overall SCFI (Shanghai Containerized FreightIndex) spot rate index for shipments out of China declined by 9.7 percent compared to the peak recorded early this year.
In most cases raw materials have increased due to global demand and the excessive increase freight costs ...Forsyth says there are endless increases to freight costs and there are no signs of it decreasing ... It’s price gouging from the major shipping lines in essence, and there seems to be no accountability on a global scale.
The Cocoa Marketing Company (CMC), Ghana Shippers Authority (GSA) and 18 shipping lines have agreed to increase basic freight rates for the 2022/2023 cocoa season to all destinations but the United Kingdom (UK). As a result, basic freight for containerised shipments has gone up by 5% and basic freight has shot up by 10%.
The bunker adjustment factor (BAF) — an additional charge levied on the shippers to compensate for fluctuations in the price of the ship's fuel — has also been increased from 28 to 30 per cent for all destinations, except the UK, which was maintained, and the Far East and Brazil, which have already been added to the freight rate.
The response is the latest step in a complaint initially filed in July 2021 accusing MSC and co-defendant COSCO Shipping Lines of collusion to manipulate the freight market. MCS Industries contended that the carriers had denied it transportation of its containers under long-term freight contracts forcing the company into the spot market.
The Mercedes-AMG F1 team, however, has experimented with a way to reduce freight emissions ... Since those circuits are relatively close to each other, Mercedes didn't need to rely on, say, air freight to ship cars and components ... An analysis found that using HVO100 reduced freight emissions by 89 percent.