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Diagram of floating production storage and offloading unit FPSO OSX #1 at Rio de Janeiro Coast FPSO Mystras at work off the shore of Nigeria FPSO Crystal Ocean moored at the Port of Melbourne The circular FPSO Sevan Voyageur moored at Nymo yard at Eydehavn, Norway FPSO Firenze moored at Hellenic Shipyards, 2007 FPSO (Floating, Production, Storage, Offloading), Welplaathaven, Port of Rotterdam ...
The oil and gas industry uses many acronyms and abbreviations. This list is meant for indicative purposes only and should not be relied upon for anything but general information. This list is meant for indicative purposes only and should not be relied upon for anything but general information.
The sale and purchase of ship is an important aspect of the shipping industry.It may involve large amounts of money and requires brokers to possess knowledge of types of vessels and their function, knowledge of maritime law, as well experience in bargaining.
A nation's shipping fleet (variously called merchant navy, merchant marine, or merchant fleet) consists of the ships operated by civilian crews to transport passengers or cargo from one place to another. Merchant shipping also includes water transport over the river and canal systems connecting inland destinations, large and small.
Foremost has built its fleet in shipyards in Asia with financing from major American, Taiwanese, and European banks. [9] As is typical to the industry, it does not directly contract for the movement of cargo but instead charters its vessels to charterers such as major agricultural companies or other dry bulk commodities shippers.
The international shipping industry can be divided into four closely related shipping markets, each trading in a different commodity: the freight market, the sale and purchase market, the newbuilding market and the demolition market. These four markets are linked by cash flow and push the market traders in the direction they want.
The International Longshoremen's Association union and the U.S. Maritime Alliance of ports and shipping companies said they had reached a tentative agreement for a six-year contract, a week ahead ...
Few foresaw the extent of the influence of containerization on the shipping industry. In the 1950s, Harvard University economist Benjamin Chinitz predicted that containerization would benefit New York by allowing it to ship its industrial goods more cheaply to the Southern US than other areas, but he did not anticipate that containerization ...