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 ?
That trend, perhaps, is driving APM Terminals Bahrain to foresee a greater possibility of attracting transshipment volumes.
What is so exciting is that they are saying Mindanao is ideal as a transshipment point,' he said during preparations for the inauguration of a new DICT facility.
Their findings suggested that for a small number of stores and small transshipment costs relative to the holding and stock-out costs, inventory policies may be obtained from a simplified model using zero transshipment costs but using transshipments as a means to solve emergency situations.
With optimal service solutions and value-added services, the Group solicited transshipment cargo sources, further beefing up the transshipment business; with an integrated trade business information and logistics platform, the Group expanded ore trading operations, effectively increased market share in the ore trading business.
Furthermore, the direct call into Bahrain from two of the top 10 global carriers, Hanjin (South Korea) and NYK (Japan) is a reflection of Bahrain's increasing capabilities to provide transshipment opportunities to and from the Northern Gulf and we look forward to welcoming and delivering value to this service on a regular basis," he added.
Axsater (1990a) and Tagaras (1999) proposed lateral transshipment models for retailers through material sharing.
India has for long been pressing Bangladesh to allow transit and transshipment facilities through its territory to carry cargo to the seven sister states.
As a result of this, the Vallarpadam terminal with a capacity to handle one million TEUs was able to do a meager transshipment business of 20, 000 TEUs a year.
Chang stated that the container capacity of Kaohsiung Harbor ranked the third largest globally previously, but slipped to the 12th last year, with its transshipment rate declining to 47% from a previous high of 53% due to rivalry from harbors in China.
TME: How great a proportion of total turnover will transshipment comprise once the expansion plans at Sohar Port are complete?
The cumulative year-over-year transshipment number showed a 7.
Van Diepen, United States Acting Assistant Secretary of State for International Security and Nonproliferation, yesterday urged export hubs such as the UAE to deal with the challenges of transshipment security in order to stem the proliferation of weapons of mass destruction (WMD) and their means of delivery.