Thu, Feb

This is so given that this is a notional point in chartering terms, this is best described as the Shipper/Receiver arranging for delivery/receival of cargo to/from directly under ships hook and the ship paying for the labour to stow the cargo in the vesse ...

A common measure of ship carrying capacity. The number of tons (2240 lbs.) of cargo, stores and bunkers that a vessel can transport. It is the difference between the number of tons of water a vessel displaces "light" and the number of tons it displaces "w ...

Category:Sea Words

Tunnel which accommodates pipelines and runs longitudinally alongh the centre line of a ship.

Category:Technical Terms

This refers to shipping documents which are presented to a bank on a collection basis to be passed to the buyer (drawee) when payment is made.

Category:Financial Terms


Maritime Industry News

  • IMO Considers Search and Rescue Management Changes

    The IMO’s sub-committee on Navigation, Communications and Search and Rescue will meet on February 29, and the International Maritime Rescue Federation (IMRF) is asking the committee to consider some important changes to

  • Blackstone Launches New Fund for Offshore Sector

    Blackstone Group has launched a fund to finance the troubled offshore drilling and services sector, the U.S. private equity firm said on Thursday, anticipating a buyer's market as low oil prices set

  • Search for El Faro VDR On Again

    The U.S. National Transportation Safety Board has announced the launch of a second expedition to search the El Faro wreck site with the aim of finding the vessel’s voyage data recorder (VDR).

  • Carib Palm Remains Under Arrest Long After Drug Bust

    The general cargo vessel Carib Palm remains detained in the French port of Boulogne-sur-Mer, two months after shewas seized in the largest cocaine bust in the nation's history. The Palmwas diverted

  • Fishermen Rescued from Ship Fire in South Pacific

    Crew members of a fishing ship that caught fire in the South Pacific on Wednesday were rescued after they abandoned their vessel, the U.S. Coast Guard said. The 42 crew members

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