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Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
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 sides of a ship. To describe a ship as "on her beam ends" may mean the vessel is literally on her side and possibly about to capsize; more often, the phrase means the vessel is listing 45 degrees or more. beam reach Sailing with the wind coming across the vessel's beam. This is normally the fastest point of sail for a fore-and-aft-rigged ...
Maritime transport (or ocean transport) or more generally waterborne transport, is the transport of people or goods via waterways. Freight transport by sea has been widely used throughout recorded history.
Also ship's magazine. The ammunition storage area aboard a warship. magnetic bearing An absolute bearing using magnetic north. magnetic north The direction towards the North Magnetic Pole. Varies slowly over time. maiden voyage The first voyage of a ship in its intended role, i.e. excluding trial trips. Maierform bow A V-shaped bow introduced in the late 1920s which allowed a ship to maintain ...
A shipping line or shipping company is a company whose line of business is ownership and operation of ships. Shipping companies provide a method of distinguishing ships by different kinds of cargo: Bulk cargo is a type of special cargo that is delivered and handled in large quantities.
Glossary of nautical terms may refer to: Glossary of nautical terms (A–L) Glossary of nautical terms (M–Z) This page was last edited on 21 December 2024 ...
The Port of New York and New Jersey, U.S., grew from the original harbor at the convergence of the Hudson River and the East River at the Upper New York Bay.. A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers.