Results for tag: "Ship Leasing"

Ship leasing is a common practice in the maritime industry, where a shipowner leases a vessel to an operator for a predetermined period of time. The shipowner is responsible for the vessel's maintenance and repair, while the operator is responsible for the vessel's operation and crewing. Ship leasing is a cost-effective way for operators to access vessels without having to purchase them outright. It also allows shipowners to generate revenue from vessels that would otherwise be idle. Ship leasing contracts are typically structured as bareboat charters, time charters, or voyage charters. Bareboat charters involve the transfer of full possession and control of the vessel to the operator, while time charters involve the transfer of possession and control of the vessel for a predetermined period of time. Voyage charters involve the transfer of possession and control of the vessel for a single voyage. Ship leasing is a highly competitive market, with a variety of companies offering services. Some of the major players in the market include Seaspan Corporation, Ship Finance International, Navig8 Group, and BW Group. Show Less Read more