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Arctic shipping routes. Map of the Arctic region showing the bathymetry and the Northeast Passage, the Northern Sea Route within it, and the Northwest Passage. [1] 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 ...
Tonnage. Tonnage is a measure of the capacity of a ship, and is commonly used to assess fees on commercial shipping. The term derives from the taxation paid on tuns or casks of wine. In modern maritime usage, "tonnage" specifically refers to a calculation of the volume or cargo volume of a ship.
Suez Canal. / 30.70500°N 32.34417°E / 30.70500; 32.34417. The Suez Canal ( Arabic: قَنَاةُ ٱلسُّوَيْسِ, Qanāt as-Suwais) is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez and dividing Africa and Asia (and by extension, the Sinai Peninsula from ...
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 three main types of charter are: demise charter, voyage charter, and time charter .
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.
Wikipedia [note 3] is a free content online encyclopedia written and maintained by a community of volunteers, known as Wikipedians, through open collaboration and the use of the wiki -based editing system MediaWiki. Wikipedia is the largest and most-read reference work in history.
Shipping cycle. A shipping market cycle or shipping cycle is a particular type of economic cycle. These cycles correct markets when supply and demand are out of balance. Shipping markets are driven by freight rates, which can move up, move down or remain unchanged. Shipping cycles are therefore determined by the fluctuations of these freight rates.
RMS Titanic was a British ocean liner that sank on 15 April 1912 after striking an iceberg on the ship's maiden voyage from Southampton, England to New York City, United States. Of the estimated 2,224 passengers and crew aboard, approximately 1,500 died, making the incident the deadliest sinking of a single ship at the time.