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Results for category "Ship Charterers & Management"

Ship Charterers & Management

Ship charterers and management includes all activities within the shipping industry. A ship charterer is a company/person who has chartered/hired a ship for a specified period of time for seaborne transportation. Ship charterers may own cargo and employ a shipbroker to find a ship to deliver the said cargo for a certain price. Ship charterers may also be a party without a cargo who takes a vessel on charter for a specified period from the owner and then trades the ship to carry cargoes at a profit above the hire rate. Ship charterers may even make a profit by re-letting the ship out to other charterers. Ship charterers are dependent on the nature of the charter terms and conditions.