Anglo-Eastern is a ship management company, with over 720 ships under third-party management. The company was formed by an August 2015 merger between Anglo-Eastern and Hong Kong–based Univan . As of November 2018, it was the largest ship manager in the world (by number of ships), and the second largest in the world (by number of seafarers).
8-466: Peter Cremers established Anglo-Eastern in 1974, initially as a chartering and ship owning organization, with Anglo-Eastern Management Services being the in-house manager of the ships. The latter was the start of the present Anglo-Eastern Group. A 1998 management buyout and a subsequent merger with an established UK ship manager, Denholm Ship Management in 2001, established the present Anglo-Eastern Group as an independent, global ship manager. In May 2012,
16-506: A ship to deliver the cargo for a certain price, the freight rate . Freight rates may be on a per-ton basis over a certain route (e.g. for iron ore between Brazil and China), in Worldscale points (in case of oil tankers ). Alternatively may be expressed in terms of a total sum, normally in US dollars, per day for the agreed duration of the charter. A charterer may also be a party without
24-434: A cargo that takes a vessel on charter for a specified period from the owner and then trades the ship to carry cargoes at a profit above the hire rate or even makes a profit in a rising market by reletting the ship out to other charterers. Depending on the type of ship and the type of charter, a standard contract form, called a charter party, is normally used to record the exact rate, duration and terms that are agreed between
32-402: Is an activity within the shipping industry whereby a shipowner hires out the use of their vessel to a charterer. The contract between the parties is called a charterparty (from French charte partie 'parted document'). The three main types of charter are: demise charter , voyage charter , and time charter . In some cases, a charterer may own cargo and employ a shipbroker to find
40-805: The Americas, including but not limited to Singapore , Mumbai , Manila , Antwerp , Hamburg , Goes , Glasgow , Odesa and London . It employs more than 32,000 seafarers from multiple countries, with a majority of its seafarers coming from India, Philippines, Ukraine, Latvia and China. It also has one of the largest maritime training centres in India, located in Mumbai (also Delhi ), a large cadet training academy in nearby Karjat (Anglo-Eastern Maritime Academy), and additional training centres in Odesa, Manila and mainland China. Chartering (shipping) Chartering
48-497: The company entered a partnership agreement with the Teekay group, assisting them with crew management and training. By September 2013, Anglo-Eastern was managing more than 450 vessels, consisting mostly of container ships, bulk carriers and tankers (crude oil, product and chemical), heavy lift vessels (owned by Dockwise —a Dutch company) and a few general cargo and RoRo vessels. In August 2015, Anglo-Eastern merged with Univan Group and
56-501: The shipowner and the charterer. Time charter equivalent is a standard shipping industry performance measure and is used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types. There are three main types of charter: Variations on those types include: Charterers' Liability Insurance is a type of insurance meant to protect shipping businesses from certain risk or liabilities. That could include fines and breaking of
64-550: Was renamed Anglo-Eastern Univan Group, with a combined total of almost 24,000 employees, and combined third party management of nearly 600 ships. Since April 2020, Anglo-Eastern has had its head office in Kowloon Bay , Hong Kong, where it occupies three floors in Kingston International Centre, 19 Wang Chiu Road. Additionally, the company has more than 25 locations across Asia-Pacific, Europe and
#485514