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Showing posts from December, 2021

Marine Crafts - Promising Equipment for Doing Business in the Oceans

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People all around the world depend heavily on the ocean without even knowing it. Majority of the goods that people use or consume are being transported through the vast blue ocean. Even a huge quantity of fish that many people consume comes from the oceans and seas. And marine crafts are a necessity to conduct all these operations. Marine transport is the backbone of global trade and the lifeline of the global economy. From toys to foods, and from clothing to electronics, every good in the world needs to be transported from producers to consumers. And marine crafts transport the majority of them. It accounts for more than 80 percent of world trade by volume and over 70 percent of world trade by value. The amount of marine trade doubled from the period between 1990 and 2020. In 2020 the volume of marine trade was estimated to be around 11 billion tons. An estimated value of the shipping industry is said to be more than 1.5 trillion US Dollar and is expected to grow more than 2 trillion

Everything You Should Know About the Stevedoring Companies

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What is Stevedoring? Stevedores are responsible for loading and unloading a ship’s cargo and must follow the ship’s plan to ensure that cargo is loaded and unloaded correctly. He or she may use a crane or forklift to move large cargo containers to and from trucks and other ships.   Are you looking for stevedoring companies In Cuttack? Isn't it better to know all the roles of the stevedoring companies?    The Role of Stevedores in Shipping Ships can make money at sea when it is carrying cargo between ports, but when it is alongside a port it is essentially costing money to its owner. Therefore, ports and terminals need to be efficient to minimise port time and get the ship back on its journey as soon as possible. The role of stevedoring companies, or companies who offer this as a service like ourselves, will organise the cargo-handling in ports. This is very important as it can make a great difference to the profitability of the voyage. Stevedoring companies and their

Why the Marine Crafts are so Important? – Here is Your Answer

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Marine crafts are an essential and irreplaceable part of the world we live in. It forms the backbone of the world economy. From food to clothing and from fuel to construction material, almost every goods we use in our life are being shipped by marine crafts throughout the world. Marine crafts are also used to catch fish and extract natural resources from the ocean. Marine crafts can carry a huge amount of goods that no other mode of transportation could carry and cover a long amount of distance with low cost of operation. Marine crafts could make a huge amount of profit with every journey it makes. Marine transport accounts for more than 80 percent of world trade by volume and over 70 percent of world trade by value. The amount of marine trade doubled from the period between 1990 and 2020. In 2020 the volume of marine trade was estimated to be around 11 billion tons. An estimated value of the shipping industry is said to be more than 1.5 trillion US Dollar and is expected to grow more

Everything you need to know about ship chartering

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Ship chartering is an essential process as it ensures that an organization’s cargoes get delivered safely in the most cost effective manner. In fact, it is essential for charterers to have an extensive comprehensive understanding of the essential aspects of chartering, as it equips them with insight to make strategic chartering decisions and negotiate for better charter parties. Therefore, here is a guide on how ship chartering works and the importance of it.  There are three parties in the process of ship chartering:   The ship-owner who owns the vessel being rented, the charterer who requires the ship on rent, and the shipbroker who has helped to bring them together. Let’s take a quick look at the roles of each of these parties of ship chartering. Renting a ship is known as ship chartering and it begins with the ship-owner and a second party entering into an agreement. In shipping parlance, this agreement is known as a charter party. The party that rents out the ship is