vessel chartering

Vessel chartering involves renting a ship for transporting goods or passengers. Instead of owning the vessel, companies or individuals lease it for a specific period or voyage, paying a charter fee. There are different types of charters—such as time charters (renting the ship for a set period) or voyage charters (renting for a specific trip). Chartering provides flexibility and access to shipping capacity without the costs of ownership, and it’s a common practice in global trade to move bulk commodities, containers, or passengers efficiently across international waters.