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FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
Essar Shipping. Essar Shipping Ltd., now Essar Shipping Ports & Logistics Limited, is an Indian shipping corporation for the global energy business. Established in 1945, Essar Shipping was formally incorporated in 2010 and is listed on the Bombay Stock Exchange. [3] Headquartered in Mumbai, it operates as a subsidiary of the Essar Group.
Mediterranean Shipping Company S.A, branded as MSC, is an international shipping line founded by Gianluigi Aponte in Italy in 1970. The company is owned by the Aponte family with its headquarters in Switzerland since 1978. [5] It is the world's largest container shipping company by both fleet size and cargo capacity, [6] controlling about 19.7 ...
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Shipping markets. The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.
Short-sea shipping includes the movements of wet and dry bulk cargoes, containers and passengers around the coast (say from Lisbon to Rotterdam or from New Orleans to Philadelphia). Typical ship sizes range from 1,000 DWT (tonnes deadweight – i.e., the amount of cargo they carry) to 15,000 DWT with drafts ranging from around 3 to 6 m (10 to ...