In this case, a shipping broker must decide where to relocate his tanker to find new cargo. The ship is currently based in the United Kingdom, and he can either send it to the Baltic or the Mediterranean seas. Due to the short time frames involved in tramp shipping, the broker does not know what cargo the ship will retrieve at its next destination, which creates considerable uncertainty about the ship’s future trajectory. The broker must consider factors such as the length of time to reach each destination, each route’s time charter equivalent (TCE) rates, and the tanker’s daily operating costs. At the conclusion of the case, the broker must select the destination that has the highest probability of yielding the most profitable outcome. This case contains an accompanying spreadsheet with historic shipping logs for Aframax tankers that students can use to estimate the probability of the different destinations.