Grade 11 – Maritime Economics

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 […]
September 7, 2016

Chartering Procedures

[vc_row][vc_column][vc_video link=”https://vimeo.com/473797579″][vc_column_text]A cargo owner needs cargo moved (or a ship operator needs an additional ship.) He engages a shipbroker who finds suitable ships. After meticulous checking of the ships, the charterer chooses a ship, and via the broker, makes a FIRST OFFER. The ffirst offer includes charter/freight rates and other […]
September 7, 2016

Ship scrapping (also known as ship recycling)

[vc_row][vc_column][vc_video link=”https://vimeo.com/473796833″][vc_column_text]Ships are scrapped when they come to the end of their economic lives i.e. it costs a lot to maintain them. Some charterers will not want to charter an older ship, especially if insurance surcharges apply to cargo shipped in an older vessel. Scrapping is often hastened by low […]
September 7, 2016

Shipbuilding

Shipbuilding is a high-profile, labour-intensive industry. To establish a shipyard with its launching “ways” and highly technical planning offices and workshops requires much capital and highly skilled naval architects, engineers, electronic engineers, technicians and artisans, especially shipwrights, precision welders and heavy-current electricians. In short, shipbuilding is one of the top […]