Handy Bulk

Fixed Laytime If under the provisions of the Charterparty, the Charterer has promised to handle loading or discharging within a set timeframe, that amounts to “an absolute and binding commitment, …

Freight The payment that is due to the shipowner by the charterer in a voyage charter is called Freight payment and is expressed in dollars per ton of cargo shipped. …

Ship Chartering Costs In shipping business, output can be measured either by: Tonnes of cargo carried by ship per day, per trip or per year of cargo carried by ship …

Dry Cargo Chartering Market The Dry Cargo Chartering Market cannot be precisely split into different segments. However, it is possible to pinpoint local and worldwide trade zones in which Ship …

Contract of Affreightment (COA) A Contract of Affreightment (COA) is a medium to long-term, hybrid type of charter where the Shipowner commits to transporting specified quantities of homogeneous cargo at …

Ship Chartering and Ship Management Below, we explore how Ship Chartering operates within the realm of Ship Management. We begin by outlining key aspects of ship ownership, detailing the structure …

Petter Mowinckel assumes leadership at Kristian Gerhard Jebsen Skipsrederi AS (KGJS), a long-standing Norwegian shipowner and operator headquartered in Bergen. Norwegian shipowner and operator Kristian Gerhard Jebsen Skipsrederi AS (KGJS) …

Hamburg-headquartered shipowner and operator Reederei H Vogemann has been tied to a new series of kamsarmax bulk carrier construction projects in China, with industry reports confirming six fresh newbuildings contracted …

Cargo Damage Billions of tons of cargo move in and out of ports and across the ocean in every year. No transportation system is perfect and accidents do happen in …

Shipping Restrictions Different ports have different trading regulations and restrictions. Therefore, the port agent should inform the principals with up-to-date information. The port agent should have a great practical knowledge …

Seaborne Trade Billions of tons of seaborne trade need to be transported globally, while tens of thousands of commercial ships are available to carry out this task. In the discussion …

Liner Shipping Main Characteristics of Liner Shipping Liner shipping emerged as a distinct form of maritime transport in the mid-19th century, coinciding with the introduction of steamships, which offered faster, …

Greek shipowner and ship manager Samos Steamship Co. has officially split its fleet into two as the Inglessis-family separates business interests and establishes independent ventures, continuing a long-standing Hellenic tradition …

Mehmet Turgut Yılmaz-led Istanbul-based shipowner and operator GSD Denizcilik (GSD Marin) has placed another order in Japan for a modern ultramax bulk carrier, signing a contract with Nihon Shipyard for …

Voyage Charter Voyage Charter Definition A Voyage or Spot Charter refers to a situation where a ship is contracted for a single Voyage between designated Ports. Essentially, the Shipowner commits …

Maritime Jurisdiction What is Admiralty Jurisdiction? Admiralty Jurisdiction, also known as Maritime Jurisdiction, refers to the legal authority exercised by courts over matters related to navigable waters, such as oceans, …

Dry Cargo Operations Dry Cargo Market serves the needs of charterers in need of dry bulk cargo transportation. Dry Cargo Market is served by shipowners of bulk carriers. Ships in …

Basic Legal Knowledge on Charter Parties Every country possesses its own legal framework, which varies to varying degrees from others. While certain areas of law may show small differences, parts …

Athens-based shipowner and operator Anbros Maritime SA has undertaken a significant fleet renewal by acquiring a quartet of handysize bulk carriers from former Costamare Bulkers Holdings Limited (Costamare Bulkers), a …

George and Dimitris Stefanou, Greek shipowning brothers, control Athens-based shipowner and operator Bright Navigation Inc., which was founded in 2008 and has steadily built a reputation in the dry bulk …

ExxonMobil has been linked to charter deals for two LNG bunker vessel newbuildings from Athens-based shipowner and operator Evalend Shipping Co SA. The United States oil major ExxonMobil is understood …

Oslo-listed shipowner and operator Klaveness Combination Carriers (KCC) dry cargo chief Michael Jorgensen stressed that ship operators must take firm measures to break the “evil circle of no one making …

Greek shipping magnate George Economou, the founder of TMS Group and DryShips Inc., has filed a lawsuit that challenges the Marshall Islands’ standing as a dominant incorporation hub for global …

Capesize bulk carrier values are climbing as Athens-based ship-manager and operator Goldenport Shipmanagement Ltd. completes a deal that doubles its capesize exposure by acquiring its first ship of 2025, the …

Transworld Shipping Lines, formerly known as Shreyas Shipping and Logistics, has signed a joint venture agreement with a 60% partnership with Indian ship operator BainBridge Navigation to create a Dubai-based …

Mumbai-based shipowner and operator Shipping Corporation of India (SCI) is gearing up for a major $2.3 billion newbuilding initiative at domestic shipyards, targeting the acquisition of 26 domestically built ships …

Athens-based bulker and tanker shipowner and operator Centrofin Management Inc., led by Greek shipping magnate Dimitris Procopiou, has expanded its kamsarmax bulk carrier newbuilding programme at Hengli Heavy Industry to …

The Polish Steamship Company (Polsteam), a major state-owned bulk carrier enterprise in Poland and also known as Polska Żegluga Morska, has signed a deal to construct up to six handysize …

Great Eastern Shipping (GES), India’s largest private dry bulk and tanker shipowner and operator, has resumed its fleet expansion with the acquisition of the 2015-built kamsarmax bulk carrier 81K DWT …

Charter Party Clauses Preamble of a Charter Party Written agreements typically begin with a preamble that identifies the involved parties (Shipowner and Charterer) and summarizes the core terms of the …

Ship Agent Port Operations In some circumstances, the port agent may be funded and left entirely to operate as planned while giving periodic progress reports to the shipowner. There is …

Shipping General Cargo Maritime Demand for General Cargo When global trade is evaluated by value, it is largely dominated by General Cargo, which mainly consists of Manufactured Goods. Manufacturing refers …

Maritime Attachment In shipping business, one issue challenging maritime parties is to identify shipowner. Owner of a ship may be hard to identify or hidden behind a complex corporate structures …

Charter Party in Dry Bulk Shipping Primarily, there are three (3) types of Charter Parties in use: 1- Time Charter Party 2- Voyage Charter Party 3- Bareboat Charter Party 1- …

Maritime Arbitration Maritime Arbitration facilitates maritime commerce by promoting the efficient resolution of maritime disputes Maritime Arbitration is a separate body of law Maritime Arbitration is a different legal processes …

Future of Shipping This discussion will address three dimensions of maritime transport demand. First, it will explore the key factors influencing the future of global seaborne trade. Second, it will …

Athens-based shipowner and operator W Marine, founded and led by Yiannis Sarantitis who also serves as Norway’s honorary consul in Piraeus, is poised to make its debut in the container …

New York Stock Exchange-listed shipowner and operator Costamare Inc. (CMRE) spin-off Costamare Bulkers Holdings Limited (Costamare Bulkers), a rapidly expanding Athens-based dry bulk shipping company led by Gregory Zikos and …

London-based Greek shipowner and operator Helikon Shipping Enterprises Limited is in the process of offering three supramax bulk carriers for sale, including two of the oldest ships in its fleet …

The Italian-Swiss dry bulk operator Nova Marine Carriers has further consolidated its position as one of the most active participants in the resurgent handysize S\&P (Sale and Purchase) market by …

Maritime security in the Red Sea and Gulf of Aden has sharply deteriorated following a wave of devastating attacks by Yemen’s Houthi rebels on two commercial ships, sparking alarm throughout …

EuroHoldings, which was spun off in Q1 2025 from Nasdaq-listed Greek shipowner and operator Euroseas (ESEA), led by Aristides Pittas, has announced a significant ownership change following the sale of …

Hong Kong and Qingdao-based Chinese shipowner and operator Agricore Shipping ASL has sold the 2011-built kamsarmax bulk carrier 82K DWT MV ASL Venus for approximately $14.5m, reflecting Agricore Shipping ASL’s …

Athens-based Nasdaq-listed shipowner and operator Diana Shipping Inc. (DSX) has finalized an agreement to sell its 2010-built panamax bulk carrier 75K DWT MV Selina for approximately $11.8m to an undisclosed …

When Ship Hire is Payable The Physical Payment of Ship Hire Time charter hire has to be transferred on time from the charterer to the shipowner, normally via a bank. …

Ship Chartering Process Chartering Negotiation Procedure A Charter Party is an agreement formed in a Chartering Market that’s completely driven by the forces of supply and demand. The bargaining power …

Tramp Shipping The Key Characteristics of Tramp Shipping Out of approximately 12.5 billion tons of global seaborne trade recorded in 2024, around 60%—equivalent to 7 billion tons—was moved through tramp …

Ship Management Costs The costs associated with managing ships commonly fall into three (3) categories: 1- Ship Fixed Costs (Ship Capital Costs) 2- Ship Operating Costs 3- Ship Voyage Costs …