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What is Ship Broking?
The start of ship broking can be traced back to 1744, with the
opening of the Virginia and Baltick Coffee house. This was to signal
the beginning of The Baltic Exchange. For many years, business used
to be conducted by brokers meeting at the Baltic Exchange to both
gather and circulate shipping information. However, since the mid
1980's, the computerisation of the shipping industry has reformed
the way in which business is conducted and has made the industry
more "screen based "and high tech. The Baltic Exchange
still plays an important role in the shipping market by providing
valuable market information and a place where brokers and/or Principals
can meet face to face.
A Shipbroker can most easily be described as an intermediary between
a Shipowner and someone who has a cargo to be shipped or vice versa.
For example, if working for a Ship owner, the broker would find
a suitable cargo for his ship and if working for a Charterer, the
broker would be engaged with the task of finding a vessel for the
cargo.
The Shipping industry can be divided into two main groups:
| 1. |
The
Liner Market - This is where ships trade regularly on advertised
routes, with much of their trading taken up with carrying containers. |
| 2. |
The
Tramp Market - This is where ship owners scan the market
for suitable cargo on a voyage by voyage basis. It is also the
area in which shipbrokers mainly operate. Tramp vessel's trade
with either dry cargo such as rice, coal, sugar and steel or
wet cargo, which consists mainly of oil based products. The
latter cargo is mainly shipped using tankers. The size of vessels
can vary from a few hundred tons for the coastal trade up to
around 500,000 ton tankers. It is in the dry cargo tramp-shipping
sector that Seawise Chartering specialises. |
For more information on Seawise Chartering please contact
us.
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"A reliable and experienced
team who understand international shipping in its entirety."
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