Grade 11 – Maritime Economics

September 7, 2016

Shipbroking

A ship broker is a company (or person) who performs important roles in any of the following : Assists a shipowner to buy or sell a ship; Assists a cargo owner to find a suitable ship to move his cargo. (This is especially important in dry bulk trades or the […]
September 7, 2016

Ship Chartering (“Hiring” a Ship)

Many ships are chartered (hired) from their owners for specific periods. This is especially important in moving dry and liquid bulk cargoes and most bulk carrier and tankers are chartered from their owners by cargo owners to move specific cargoes. Reasons for Chartering a Ship rather than buying a Ship […]
September 7, 2016

Examples of times when much cargo was available

Rebuilding of Europe and Japan after World War 2 Huge volumes of construction materials were required to rebuild the cities, towns and infrastructure that had been badly damaged during the war. Huge volumes of grain and other food needed to be moved to Europe and Japan where people were starving […]
September 7, 2016

Examples of times when less cargo was available

During Trade Sanctions against South Africa up to 1990 Because trade sanctions against South Africa during the apartheid times had taken effect less cargo was available and fewer ships were needed. Lower freight and charter rates were being experienced. At the start of the container era, the South Africa-Europe Container […]