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On 21 May 2008 the index reached its record high level since its introduction in 1998, reaching 11,793 points. Half a year later, on 5 December 2008, the index had dropped by 94%, to 663 points, the lowest since 1986.
Chartering is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from the French "charte partie", or "parted document").
The International Maritime Exchange or Imarex is an Oslo-based exchange for trading forward freight agreements (FFAs). It started trading tanker freight futures contracts in 2001, followed by dry cargo freight futures contracts in 2002. All futures contracts are cleared by the Norwegian Futures and Options Clearing House (NOS).
Hansa Shipping AS is an Estonian shipping concern founded in 1999 in Tallinn, Estonia. [1] [2] The company provides chartering, crew management and ship management services.. Hansa Shipping operates a fleet of 44 dry cargo ships ranging in size from 3481 to 11048 DWT [3] and deployed in the Baltic Sea, North Sea and the Mediterranean. 26 of the vessels are ice-classed and fly the EU f
'Small Sea') [2] is a bay of the Baltic Sea between Latvia and Estonia. The island of Saaremaa (Estonia) partially separates it from the rest of the Baltic Sea. The main connection between the gulf and the Baltic Sea is the Irbe Strait. The Gulf of Riga, as a sub-basin of the Baltic, also includes the Väinameri Sea in the West Estonian ...
The Baltic Sea is an arm of the Atlantic Ocean that is enclosed by Denmark, Estonia, ... Thus, the Baltic Sea has long been crossed by much merchant shipping.
Capesize ships are the largest dry cargo ships with ball mark dimension: [i] about 170,000 DWT (deadweight tonnage) capacity, 290 m long, 45 m beam (wide), 18m draught (under water depth). [1] They are too large to transit the Suez Canal ( Suezmax limits) or Panama Canal ( Neopanamax limits), [ 2 ] and so have to pass either Cape Agulhas or ...
DryShips Inc is a dry bulk shipping company based in Athens, Greece. It is a Marshall Islands corporation, formed in 2004. On October 11, 2019, it was taken private by CEO and Chairman George Economou. [1] [2] As of February 2019, the company is a diversified owner and operator of ocean going cargo vessels that operate worldwide.