Transshipment

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Transshipment

The passing goods from one ocean vessel to another.

Transshipment

The transfer of goods from one ship or other vessel to another, especially while in transit. One may think of transshipment as a layover in the importing and exporting of goods. Because it exposes the buyer to the risk that the goods will be damaged in transit, some letters of credit prohibit transshipment. The term is also spelled as transhipment.
References in periodicals archive ?
Container trade in India has been growing year on year by 15 per cent, and the development of a transhipment and gateway hub within the country we believe will contribute to further growth.
Concept 5 - Direct Transhipment with Floating Storage Unit ("FSU")
At that time, India agreed to revise modalities on transhipment for Nepal-bound goods.
Efforts are also being made to arrest the culprits/unscrupulous elements who were importing commercial goods of higher duty slab under the umbrella of transhipment for upcountry, it was further stated.
He termed the MoU as breakthrough for establishment of Cargo Villages and Transhipment Hubs at Karachi, Qasim and Gwadar ports; and at Karachi, Lahore and Islamabad airports.
King Abdullah Port has commenced transhipment, import, and export operations and has been included in the routes of leading global shipping lines.
Earlier this month, the National Company for Multimodal Transport (NMT), a subsidiary of Nile Logistics, announced the launch of a new container transhipment service.
The study investigated the feasibility of using river barges to transport iron ore concentrate from the Company's Agbaja Project via the Niger River to the Gulf of Guinea, then transhipment to large ocean going vessels ("OGVs").
Further expansion is now under- way to meet the challenges of increased cargo and transhipment business.
Rossello announced that Guayanilla on the south coast has been selected as the site for a US$1 billion transhipment port, based on a feasibility study commissioned by the Government Development Bank, and carried out by MIT Professor Ernst Frankel, who evaluated 14 island locations, reports The San Juan Star (July 25, 2000):
2 The purpose of the proposed construction is to modernize the infrastructure of the building connection transhipment.
Contractors are invited to prequalify by October 13 for a port project in Kingston, involving the construction of 542 meters of extension to the existing container shipping berths, at Gordon Cay, Kingston Transhipment Port.