Cargo ship

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.

Types

Cargo ships/freighters can be divided into five groups, according to the type of cargo they carry. These groups are:

General cargo vessels

Tankers

Dry bulk carriers

Multi-purpose vessels

Reefer ships

General cargo vessels carry packaged items like chemicals, foods, furniture, machinery, motor- and military vehicles, footwear, garments, etc.

Tankers carry petroleum products or other liquid cargo.

Dry bulk carriers carry coal, grain, ore and other similar products in loose form.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/Cargo_ship

Latest News for: Freight ship

Hudhud was different and more devastating

The Hindu 20 Oct 2018

In the last 40 years , Andhra Pradesh has been hit by at least 65 cyclonic storms, including a few Category 4 and 5 ones ... Titli, as per the IMD, was a Category 2 cyclone ... Ramakrishna. Epic disaster ... Sambasiva Rao, Managing Director of Sravan Shipping Services, their decision to take reinstate policy for their facilities at warehouses and freight stations by paying higher premium has enabled them to revive operations in a short span ... .......

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Asia air cargo market gets e-commerce boost as trade war yet to bite

This is Money 19 Oct 2018

JEJU, South Korea, Oct 19 (Reuters) - Strong e-commerce demand is fuelling Asia's air freight market, with the U.S.-China trade war having minimal negative impact so far and in some cases even boosting shipments, industry executives said on Friday ... INTERNET SHIPPING ... Some large Asian cargo carriers including Cathay Pacific Airways Ltd and Korean Air Lines Co Ltd rely on freight for around a quarter of revenue....

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Roundup: Cuban agriculture suffers huge economic losses due to U.S. embargo

Xinhua 18 Oct 2018

by Raimundo Urrechaga. HAVANA, Oct ... market to sell the famous hand-rolled Cuban cigars ... According to Rico, Tabacuba is forced to transfer its exports in Kingston, Jamaica, because of the embargo's extraterritorial policies which prevent many shipping companies from entering Cuban ports. "This measure obviously increases the cost of freight charges and products take longer time to reach its final destination," he said ... U.S ... market. ....

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Nucor Corp (NUE) CEO John Ferriola on Q3 2018 Results - Earnings Call Transcript

Seeking Alpha 18 Oct 2018

Nucor Corp (NYSE.NUE) Q3 2018 Earnings Conference Call October 18, 2018 2.00 PM ET. Executives. John Ferriola - Chairman, CEO & President ... Analysts ... Seth Rosenfeld - Jefferies ... It is very important to understand that we do not add capacity simply to ship more tons ... Jim? ... Of that 900,000 tons, 700,000 of that 900,000 tons in that market, Sedalia will have between a 350-mile and 400-mile freight advantage in shipping to their customers ... ....

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GAC Group opens new office in Panama

Dry Bulk 17 Oct 2018

In 2016, a new set of locks was opened to allow even larger ships to pass through the canal ... Heading up the GAC Panama operations is Alexei Oduber, a 27 year industry veteran well versed in all aspects of the shipping industry as well as freight forwarding in the Panama Canal ... https.//www.drybulkmagazine.com/shipping/17102018/gac-group-opens-new-office-in-panama/....

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U-turning supertankers may soon be a thing of the past

The National 17 Oct 2018

What might best be described as detour trades - ships switching destinations to profit from higher cargo prices - will become more challenging to execute in 15 months’ time because of changes to the kinds of fuel vessels must burn, according to several industry analysts and a former engineer for AP Moller-Maersk ... Some shipping groups have even said the lack of a uniform product could cause their carriers to break down....

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It’s goodbye to supertanker u-turns on the high seas

Chron 17 Oct 2018

What might best be described as detour trades -- ships switching destinations to profit from higher cargo prices -- will become more challenging to execute in 15 months’ time because of changes to the kinds of fuel vessels must burn, according to several industry analysts and a former engineer for A.P ... Some shipping groups have even said the lack of a uniform product could cause their carriers to break down....

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GlobalTranz Closes Acquisition of AFN Logistics

SCNOW Morning News 16 Oct 2018

Ranked the 10th largest freight brokerage in the U.S ... GlobalTranz is a technology-driven freight brokerage company specializing in LTL, full truckload, third-party logistics and expedited shipping services. GlobalTranz is leading the market in innovative logistics technology that optimizes the efficiency of freight movement and matches shipper demand and carrier capacity in near real-time....

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2,000-year-old Shipwrecks From Ancient Roman Period Reveal Existence of Long-lost Community

Newsweek 16 Oct 2018

Five shipwrecks dating as far back as 2,000 years have been discovered off the coast of a Greek island ... One of the Roman shipwrecks. B. Mentogiannis/Greek Ministry of Culture ... The cargo from both ships included amphorae—tall Greek or Roman vases that would have been used to transport and storage of goods ... The ministry said these latest shipwrecks show the intensity of shipping and freight traffic in the Eastern Aegean during this period ... ....

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Scheve: Did I Consider All The Possible Expenses In Storing My Beans

Agweb 16 Oct 2018

I estimate freight costing 22 cents on average to move beans to the processor during non-harvest time and 37 cents during harvest ... But, if I store my beans, I can collect about 18 cents more for my beans by storing them and hauling to the processor at some other time during the year (40 cent premium bid from processor – 22 freight cents)....

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Infiniti Research Forecasts the Top Market Trends in the Industrial Packaging Industry

Daily Freeman 16 Oct 2018

LONDON--(BUSINESS WIRE)--Oct 15, 2018--Infiniti Research, a world-renowned market intelligence solutions provider, has announced the completion of their latest article on the. This press release features multimedia. View the full release here ... (Graphic ... Recycling ... Since many freight companies calculate the shipping cost based on volumetric weight, optimizing the shape of the pack to occupy minimal space can cut down costs for businesses....

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Domino's Pizza, Inc. (DPZ) CEO Ritch Allison on Q3 2018 Results - Earnings Call Transcript

Seeking Alpha 16 Oct 2018

Domino's Pizza, Inc. (NYSE.DPZ) Q3, 2018 Earnings Call October 16, 2018 10.00 AM ET. Executives. Timothy McIntyre - EVP, Communications, IR & Legislative Affairs ... Analysts ... Is there anything specific you would point to that sort of helping the cost curve there those early benefits of the new facility that's been open in the US? Are you starting to see changes on the freight or shipping side -- and things really just any color there ... ....

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India has optional volumes from Saudi, others to make up for shortfall from Iran

The Times of India 15 Oct 2018

NEW DELHI ... "We have optional volumes built in with all our term suppliers ... Besides blocking of banking channels from November, the absence of payment mechanism may pose a challenge to the transportation of the oil as Iranian crude is bought on a CIF basis and shipped on Iranian tankers. Under Cost, Insurance and Freight (CIF) mode of shipping, the seller assumes the responsibility of transportation and insurance ... ....

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