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Recent Entries
Futures Contract
In the maritime context, a futures contract is a standardized legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. The buyer of the futures contract is taking on the obligation to buy and receive the underlying asset when the futu... Read More >>
Forward Contract
In the maritime context, a Forward Contract refers to a private agreement between two parties to buy or sell a specific quantity of a commodity, currency, or other financial instruments at a specified price, with delivery and payment to occur at a specified future date. The price agreed upon is call... Read More >>
Articles
Foreign Exchange Risk
In the maritime context, Foreign Exchange Risk, also known as currency risk, refers to the potential for financial loss due to fluctuation in the exchange rate of one currency in relation to another. This risk is particularly relevant to the shipping industry, which operates in a global market and d... Read More >>
Options Contracts
In the maritime context, Options Contracts refer to a type of financial derivative used in the shipping industry. These contracts give the holder the right, but not the obligation, to buy or sell a specified amount of a commodity, in this case, shipping capacity or freight rates, at a predetermined ... Read More >>
Futures Contracts
In the maritime context, futures contracts refer to a standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, between parties not known to each other. The item in question in the maritime industry is often a commodity like oil, gas, or grain.... Read More >>
Today's Picks
Safe Navigation
Safe Navigation refers to the process of navigating a vessel in a manner that minimizes the risk of accidents, collisions, and other incidents. It involves the use of various navigational aids, such as charts, radar, GPS, and other electronic devices, as well as the application of sound judgment and... Read More >>
International Borders
In the maritime context, international borders refer to the imaginary lines that separate the territorial waters of one country from another. These borders are crucial in determining jurisdiction, resource allocation, and maritime security. They are established based on international maritime law, p... Read More >>
Clean Water Act
The Clean Water Act (CWA) is a federal law enacted in 1972 that regulates the discharge of pollutants into the navigable waters of the United States, including lakes, rivers, streams, wetlands, and coastal areas. The CWA sets water quality standards for all contaminants in surface waters and makes i... Read More >>
Top News
US, Japan, Philippines stage navy drills in disputed South China Sea...
The United States, Japan and the Philippines have staged joint naval drills to boost crisis readiness off a disputed South China Sea shoal as a Chinese military ship kept watch from a distance...
News Source: ABC News on 2025-03-28
Is Trump’s Greenland plan part of a scramble for the Arctic?...
US president says 'we will go as far as we have to' to get Greenland, but others are interested in the Arctic, too....
News Source: Al Jazeera English on 2025-03-28
Photos show the unique culture of Greenland, the massive ice-covered island Trum...
Photos show Greenland's culture, which has both Inuit and Danish influences. Its industry, cuisine, and more are shaped by the weather and history....
News Source: Business Insider on 2025-03-28
Hegseth, facing scandal at home, reaffirms U.S. support for the Philippines aga...
Defense Secretary Pete Hegseth reaffirmed Washington’s “ironclad” commitment to a defense treaty with the Philippines on Friday....
News Source: NBC News on 2025-03-28
See inside Greenland's sole US military base, the only place JD Vance is set to ...
Vice President JD Vance and Usha Vance will visit Pituffik Space Base, the US military's base in Greenland dating back to World War II....
News Source: Business Insider on 2025-03-27