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Illustration of a ship in a dry dock with the title 'Dry Docking and Dry Docks' displayed above.
Industry Insights

Dry Docking

Dry docking is the procedure of taking a vessel from the water to facilitate maintenance,…
Illustration of a cargo ship with dollar signs and clock icons, representing the concept of demurrage in shipping, with the text "Demurrage Meaning in Shipping" above the ship.
Chartering

What is Demurrage?

Demurrage is a penalty fee charged when cargo isn't loaded or unloaded within the agreed-upon…
Banner image for 'Ship Charterer Definition' blog post by Heisenberg Shipping, featuring a cargo ship and a Charter Party Agreement document.
Industry Insights

Ship Charterer Definition

A ship charterer is a company that hires a ship from the shipowner to transport…
Illustration of a ship with a dollar sign and arrows representing Time Charter Equivalent (TCE) for Heisenberg Shipping.
Chartering

Time Charter Equivalent (TCE)

Time Charter Equivalent (TCE) is a key term used in the shipping industry. It indicates…