Evolution of Oil Trading
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Evolution of Oil Trading

The presentation will discuss the parallel developments in the commercial oil industry and related chartering models. It begins with the colonization of producer nations (mainly by the British and Dutch) to Independence movements in the Middle East, Africa, and South America. It then follows the corresponding change in oil trading from a strictly term-driven process to a spot market emerging in the early 1970’s to the commoditization of oil in the following decade and beyond.

Women’s International Shipping and Trading Association Panel
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Women’s International Shipping and Trading Association Panel

Women in the maritime industry often struggle with the challenges arising from a career in shipping. Founded in 1974, the Women’s International Shipping and Trading Association (WISTA) is a global organization that aims to alleviate those struggles by connecting female executives and decision makers from around the world.

Jones Act
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Jones Act

First introduced by Washington Senator Wesley L. Jones, the Merchant Marine Act of 1920 was largely intended to buffer the First World War’s shockwave to international trade and preserve the U.S. shipping industry. Effected into law by the 66th U.S. Congress on June, 5 1920, Section 27 of the Merchant Marine Act, commonly referred to as the Jones Act, established coastwise-trade perimeters for domestic cabotage — the transportation of merchandise or passengers between two U.S. points.