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This is a list of the 30 largest container shipping companies as of February 2024, according to Alphaliner, ranked in order of the twenty-foot equivalent unit (TEU) capacity of their fleet. [1] In January 2022, MSC overtook Maersk for the container line with the largest shipping capacity for the first time since 1996. [2] Hanjin Shipping was also one of the biggest but it is now defunct. [3]
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...
Counterclaim. In a court of law, a party's claim is a counterclaim if one party asserts claims in response to the claims of another. In other words, if a plaintiff initiates a lawsuit and a defendant responds to the lawsuit with claims of their own against the plaintiff, the defendant's claims are "counterclaims."
The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various stages of the transaction. They are widely used in ...
Gender-neutral language. Gender-neutral language or gender-inclusive language is language that avoids reference towards a particular sex or gender. In English, this includes use of nouns that are not gender-specific to refer to roles or professions, [1] formation of phrases in a coequal manner, and discontinuing the collective use of male or ...
Dangerous goods ( DG ), are substances that when transported are a risk to health, safety, property or the environment. Certain dangerous goods that pose risks even when not being transported are known as hazardous materials ( syllabically abbreviated as HAZMAT or hazmat ). An example for dangerous goods is hazardous waste which is waste that ...
In shipping, a maiden call is the first time a particular ship arrives at a port. A ceremony may be held where port officials present a plaque to the vessel in commemoration of the call date.