A Bon Voyage with Vessel Chartering

Since medieval times, people have been doing sea voyages for the transportation of goods from one place to another. The Egyptians were among the first to use vessels as a transportation medium for sea voyages. Then gradually, the Greeks, Romans, and Phoenicians started relying on watercraft too. Today we find most of the countries in the world dependent on waterways for most of their shipping needs and ever since, the development of the maritime industry has been growing at a rapid pace. This made way for several businesses and employment generations, one of the common ones being ship broking. Shipbrokers mainly mediate between a ship-owner and a charterer who wants to use the ship on lease. This process is called vessel chartering and today, there exist lots of vessel chartering companies in singapore, India, UK, etc.

Singapore as a maritime hub

Having connectivity to 600 ports in 120 countries, Singapore offers seamless global trade connectivity to the shipping industries. This is regulated by The Maritime and Port Authority of Singapore (MPA). Singapore functions as the world’s busiest port due to the massive tonnes of shipments and vessels it deals in, regularly. Its maritime ecosystem consists of over 5000+ establishments, deploying services to some of the world’s largest vessels.

Serving as headquarters to big international maritime organizations, it is becoming Asia’s hub for maritime law and arbitration. All these extensive features make Singapore an attractive harbour for businesses and investors.

vessel chartering companies in singapore

Steps to charter a vessel

  • Identify a reliable company – do your research on companies that will well suit your chartering needs and comply with respective laws
  • Know your options – There are different types of charters such as bareboat charter, voyage charter, and time charter. Understand each type and ensure your company provides it.
  • Charterparty – After having researched and selected a suitable company to charter a vessel from, enter into chartering contract called charterparty.

Having read the steps to chartering and knowing the high position occupied by Singapore in maritime world trade, chartering a vessel from here is totally reliable. You will find several trust-worthy vessel chartering companies in Singapore due to their expertise in handling shipments from all over the globe. If you are looking to charter a vessel to ship your goods, make sure you wisely choose your chartering company because a reliable company will lead to a pleasant bon voyage of your goods!