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Economics of Shipping - Group Presentation

This document discusses the freight market, including defining it as the place where sea transport is sold and bought. It outlines the main factors that determine freight rates such as transportation mode, stowability, and distance. The characteristics of the freight market are described as flexible, versatile, and cost effective. The participants are identified as ship owners, charters, and brokers. Finally, the types of contractual arrangements like voyage charter, contracts of affreightment, time charter, and bareboat charter are covered.

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68 views10 pages

Economics of Shipping - Group Presentation

This document discusses the freight market, including defining it as the place where sea transport is sold and bought. It outlines the main factors that determine freight rates such as transportation mode, stowability, and distance. The characteristics of the freight market are described as flexible, versatile, and cost effective. The participants are identified as ship owners, charters, and brokers. Finally, the types of contractual arrangements like voyage charter, contracts of affreightment, time charter, and bareboat charter are covered.

Uploaded by

Amelia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 10

Freight Market

Caribbean Maritime University


Group 1
Economics of Shipping
29/9/2021

Group Members Kedesia Latchman


Shennell Williams
Tyric Thomas
Devaughn Ferguson
Jeavon Banton
Sheliyah Rose
Georgena Campbell

2
29/9/2021

Objectives:-
 Definition of the Freight Market
 The main factors in determining the Freight Rate
 The main characteristics of the Freight Market
 The participants in the Freight Market
 The types of contractual arrangements in the
Freight Market

3
29/9/2021

What is a Freight
Market?
According to (Freight Market,
2020) “Freight market is a
place where sea transport is
sold and bought”.

4
29/9/2021

What are the main factors determining the


Freight Rate?
• Mode of transportation
• Stowability
• Handling
• Density
• Distance

(Mangubat, 2018) 5
29/9/2021

What are the characteristics of the Freight


Market?
• Freight market is the preferred transportation
• It offers great flexibility and versatility
• Storage capacity and volume
• It is the most cost effective means of transport

(Noatum Logistics, 2021)


6
29/9/2021

Who are the participants in the Freight


Market?
The Freight Market consists of:-
• Ship Owners
• Charters
• Brokers

(Menon, 2021) 7
29/9/2021

What are the types of contractual


arrangements in the Freight Market?
 Voyage Charter Market
 The Contract of Affreightment
 Time Charter
 Bareboat Charter

(The Economic of Shipping Freight Markets, 2015) 8


29/9/2021

Conclusion
What we covered:-
• Definition of freight market
• The main factors in determining the Freight Rate
• The main characteristics of the Freight Market
• The participants in the Freight Market
• The types of contractual arrangements

9
References 29/9/2021

• The Economic of Shipping Freight Markets. (2015, October 5). Law


Explorer.
https://lawexplores.com/the-economic-of-shipping-freight-markets/
• Freight market. (2020, September 11). Neftegaz.RU.
https://neftegazru.com/tech-library/transportation-and-storage/630260-fre
ight-market/

• Mangubat, R. (2018, May 14). How Are Freight Shipping Rates


Determined. Flock Freight.
https://www.flockfreight.com/2018/05/14/how-are-freight-shipping-
rates-determined/
• Menon, H. (2021, July 29). Ship Chartering Process – The Ultimate
guide. Marine Insight.
https://www.marineinsight.com/maritime-law/ship-chartering-process-the
-ultimate-guide/

10
•

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