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tramp trade
A ship engaged in the tramp trade is one which does not have a fixed schedule or published ports of call. As opposed to freight liners, tramp ships trade on the spot market with no fixed schedule or itinerary/ports-of-call(s). A steamship engaged in the tramp trade is sometimes called a tramp steamer; the similar terms tramp freighter and tramper are also used. Chartering is done chiefly on London, New York, Singapore shipbroking exchanges. The Baltic Exchange serves as a type of stock market index for the trade. The term tramper is derived from the British meaning of "tramp" as itinerant beggar or vagrant; in this context it is first documented in the 1880s, along with "ocean tramp" (at the time many sailing vessels engaged in irregular trade as well). ==History== The tramp trade first took off in England around the mid 19th century. The dependability and timeliness of steam ships was found to be more cost-effective than sail. Coal was needed for ships' boilers, and the demand created a business opportunity for moving large amounts of best Welsh coal〔Buckley, J. (2008.) ''The Business of Shipping''. Centreville, MD: Cornell Maritime Press. ISBN 978-0-87033-580-8〕 to various seaports in England. Within a few years tramp ships became the workhorses of trade, transporting coal and finished products from English cities to the rest of the world.
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