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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 ...
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 ...
Northeast Passage. 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. [1][2][3] The western route through the islands of ...
This week, as global leaders descend on San Francisco for the Asia-Pacific Economic Cooperation (APEC) summit, he’s bringing perhaps his biggest pitch yet to a new crowd of potential investors ...
Global shipping network. The global shipping network is the worldwide network of maritime traffic. From a network science perspective ports represent nodes and routes represent lines. Transportation networks have a crucial role in today's economy, more precisely, maritime traffic is one of the most important drivers of global trade.
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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 ...