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t. e. Maritime transport (or ocean transport) or more generally waterborne transport, is the transport of people ( passengers) or goods ( cargo) via waterways. Freight transport by sea has been widely used throughout recorded history. The advent of aviation has diminished the importance of sea travel for passengers, though it is still popular ...
Line of business. Line of business ( LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need. In some industry sectors, like insurance, "line of business" also has a regulatory and accounting definition to meet a statutory set of insurance policies.
The modern terms short-sea shipping (sometimes unhyphenated), marine highway and motorways of the sea, as well as the more historical terms coastal trade, coastal shipping, coasting trade and coastwise trade, all encompass the movement of cargo and passengers mainly by sea along a coast, without crossing an ocean. [ 1] Short-sea shipping (or a ...
A contemporary trend in the shipping business has resulted in renewed interest in tramp shipping. [5] To increase profits, liner companies are looking at investing into tramp ships to create a buffer when the market is down. For example, Mitsui OSK Lines possesses a large fleet with tramp ships and liners. With both types of shipping covered ...
This gave shipping companies the right to introduce a discount tariff if registered at the Federal Maritime Commission. The conferences on North American routes became extremely weak and freight rates on the routes dropped sharply. Every route between the Far East and the United States made losses and MOL's business performance deteriorated again.
Freight rate. A freight rate (historically and in ship chartering simply freight[ 1]) is a price at which a certain cargo is delivered from one point to another. The price depends on the form of the cargo, the mode of transport ( truck, ship, train, aircraft ), the weight of the cargo, and the distance to the delivery destination.
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