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Gareth Marina introduces the two types of charter markets - dry cargo and tramp charter markets. The dry cargo market is the world's largest, covering various commodities such as cement, fertilizer, timber, and scrap metal, with dominant sectors being iron ore, coal, steel, and food stocks. On the other hand, the tramp charter market operates as a contract carrier, able to transport any cargo to any destination. Flight rates in the tramp charter market are influenced by supply and demand, with sub-categories including cargo charter and vessel charter markets. Both markets share the common characteristic of hiring or renting a ship to accomplish the task.