Ship Management | The technical administration of a ship, including services like technical operation, maintenance, repair, crewing and insurance. |
Shipbroker | A person/company who on behalf of shipowner/shipper negotiates a deal for the transportation of cargo at an agreed price. Shipbrokers are also active when shipping companies negotiate the purchasing and selling of ships, both second-hand tonnage and newbuilding contracts. |
Shuttle tanker | Tanker carrying oil from offshore fields to terminals. |
Spot market | Short term contracts for voyage, trip or short term time charters, normally no longer than three months in duration. |
Suezmax | A general term applying to the largest size of tanker that may transit the Suez Canal fully laden. Also called a million barrel vessel. Our definition being a tanker of between 125,000 and 199,999 dwt (inclusive). |