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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. FFAs are built on an index composed of a shipping route for tanker or a basket of ...
Transpolar Sea Route. The Transpolar Sea Route (TSR) is a future Arctic shipping route running from the Atlantic Ocean to the Pacific Ocean across the center of the Arctic Ocean. [1][2] The route is also sometimes called Trans-Arctic Route. In contrast to the Northeast Passage (including the Northern Sea Route) and the Northwest Passage it ...
The port of Narvik in northern Norway is ice-free all year, with a railway connection to Russia through Sweden and Finland. This route avoids the six bottlenecks of global shipping: the Panama Canal, the Suez Canal, the Straits of Gibraltar, the Bosporus, the Straits of Hormuz and the Straits of Malacca, which 60% of all shipping passes through.
Arctic shipping routes are the maritime paths used by vessels to navigate through parts or the entirety of the Arctic. There are three main routes that connect the Atlantic and the Pacific oceans: the Northeast Passage, the Northwest Passage, and the mostly unused Transpolar Sea Route. [2] In addition, two other significant routes exist: the ...
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COSCO Shipping Shengshi, a vehicles carrier ship, Sète, 2018. China COSCO Shipping Corporation Limited, abbreviated as COSCO Shipping, is a Chinese state-owned multinational conglomerate headquartered in Shanghai. The group is focused on marine transportation services. [2] COSCO Shipping was established in January 2016 by the merger of COSCO ...
The Northeast Passage (blue) and an alternative route through the Suez Canal (red). The Northeast Passage (abbreviated as NEP; Russian: Северо-Восточный проход, romanized: Severo-Vostochnyy prokhod, Norwegian: Nordøstpassasjen) is the shipping route between the Atlantic and Pacific Oceans, along the Arctic coasts of Norway and Russia.
DFDS Seaways. DFDS Seaways is a Danish shipping company that operates passenger and freight services across northern Europe. Following the acquisition of Norfolkline in 2010, DFDS restructured its other shipping divisions (DFDS Tor Line and DFDS Lisco) into the previously passenger-only operation of DFDS Seaways.