the fleet to today where giant LNG ships carrying up to 266‚000 m3 are sailing worldwide. At the end of 2005‚ a total of 203 vessels have been built‚ of which 193 are still in service. The success of the specially modified C1-M-AV1-type standard ship Normarti‚ renamed The Methane Pioneer‚ caused the Gas Council and Conch International Methane Ltd. to order two purpose built LNG carriers to be constructed: the Methane Princess and the Methane Progress. The ships were fitted with Conch independent
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Since the latter half of 2007 the world economy has been in a severe downward spiral as a result of the reckless lending practices of the world banks‚ the implications of which have trickled down into the industrialized economy over the last two years. This assignment aims to analyze the global seaborne trade industry with a focus on the dry bulk sub-sector and its major commodities by assessing the effect on factors that are influencing the demand and supply of dry bulk vessels and the future growth
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returns from his raid on Here Be Dragons. Upon his return‚ he notices Gulliver and immediately draws his sword at the sight of the slightly taller human creature. Proceeding to ask‚ “What be you doin’ on me ranky ship?” Gulliver replied‚ “I cannot help but to be bound to your ship when your scallywag crew has bounded me here beyond my own free will.” As the crew draws their swords out of anger of Gulliver’s insults he has made about them‚ The Captain instructs them to sheath their swords and
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KPI Project objectives Develop tools to measure company and vessel performance and get these recognized as “the Standard of the Industry” In order to: • boost performance improvements internally • provide an efficient communication platform about ship operation performance information to internal and external stakeholders through increased transparency The project Norwegian Research Council Project Responsible Wilh. Wilhelmsen ASA Project Partner MARINTEK Project Partner InterManager
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maritime economy because most of Malaysian exports are manufactured goods. The aspiration to become a global exporter with the advantage of economies of scale requires that Malaysia develops ports and shipping service that ensure fast turnaround for ships‚ minimum waiting time and higher productivity. The Malaysia-Singapore region is served by almost every major shipping line connecting pivotal is to more than 300 ports worldwide. This region therefore has the potential to share in the benefit of high
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BLE-215 March 18‚ 2013 BLE 215: Midterm Question 1 The difference between shareholder and stakeholder is that shareholders are individuals who own stock in a company in hopes of making a profit. On the other hand‚ stakeholders are individuals who have an interest in a company‚ or any organization and are affected by what happens within the institution based on rules. In this article‚ Joseph Johnston argues‚ “Stakeholder theory sounds good in social theory but will not work in practice.” In other
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covered by the contract. One common type of contract is the “voyage” charter. This type of charter usually concerns the hire of a vessel‘s entire cargo space for one or more specific voyages. If the charterer does not require the use of an entire ship‚ the agreement will specify what portion of the cargo is used and is referred to as a "space" charter. With these types of charter‚ the master (or agent) will give the shipper a bill of lading‚ to document the title to the goods and serve as receipt
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As the feat of human space travel became more and more challenging humans began to use sleeper ships. These sleeper ships were mostly used to travel the solar system. In very rare occurrence these sleeper ships went off course. Most of these ships were recovered‚ but one such ship drifted so off course that it could not be recovered. The name of the ship was the Blue Raccoon. The number of passengers was twenty. It went off course while going on‚ what should have been‚ a routine trip to mars. On
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Executive Summary A decision has to be made on the possible construction of a new ship to meet the demands of a charterer which wants a contract of only 3 years. Based on the calculations of the costs of construction against the value of the contract‚ it is recommended that Ocean Carriers not go ahead with the construction. However‚ if a strategic alliance can be created with another carrier to lease their vessels‚ Ocean Carriers should accept the contract. If the strategic alliance is mutual‚
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infrastructures is important to sustainable progress. Besides‚ developing countries now direct the world in some of shipping’s most significant additional businesses‚ involving the registration of ships‚ the provision of seagoing labor force and ship recycling. They also play an important part in ship possessing and functioning‚ shipbuilding and overhaul and port maintenance‚ among others. Observing more profoundly‚ shipping has an even more significant role to play in the new global commerce. [
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