Search results
Results From The WOW.Com Content Network
A freight rate (historically and in ship chartering simply freight) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport (truck, ship, train, aircraft), the weight of the cargo, and the distance to the delivery destination.
Worldscale is a unified system of establishing payment of freight rate for a given oil tanker's cargo. Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship.
U.S. Domestic: 139 cubic inches per pound (5,000 cm 3 /kg) or 1 ⁄ 5 kg/dm 3 (12 lb/cu ft) (Daily rates only, for packages that exceed one cubic foot / 1,728 cubic inches.) U.S. Domestic: 166 cubic inches per pound (6,000 cm 3 /kg) or 1 ⁄ 6 kg/dm 3 (10 lb/cu ft) (Retail rates only, for all packages.
Less-than-truckload shipping or less than load (LTL) is the transportation of an amount of freight sized between individual parcels and full truckloads. Parcel carriers handle small packages and freight that can be broken down into units less than approximately 150 pounds (68 kg). Full truckload carriers move entire semi-trailers. Semi-trailers ...
The Freightos Baltic Index (FBX) (also sometimes known as the Freightos Baltic Daily Index or Freightos Baltic Global Container Index) is a daily freight container index issued by the Baltic Exchange and Freightos. The index measures global container freight rates by calculating spot rates for 40-foot containers on 12 global tradelanes.
Freight transport, also referred as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. The term shipping originally referred to transport by sea but in American English , it has been extended to refer to transport by land or air (International English: "carriage") as well.
Freight. Freight is measured in mass-distance. A simple unit of freight is the kilogram-kilometre (kgkm), the service of moving one kilogram of payload a distance of one kilometre. Payload quantity. kilogram (kg), the standard SI unit of mass. tonne (t), a non-SI but an accepted metric unit, defined as 1,000 kilograms.
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.
The Baltic Dry Index (BDI) is a shipping freight-cost index issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize , Panamax and Supramax timecharter averages. It is reported around the world as a proxy for dry bulk shipping stocks as well as a general shipping market bellwether.
Shipping markets. The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.