Downtime
Downtime refers to the period of time during which a ship is out of service and cannot perform its intended functions. This can be due to a variety of reasons, such as maintenance, repairs, or unforeseen circumstances like accidents or weather conditions. Downtime can have significant financial implications for ship owners and operators, as it can result in lost revenue and increased costs. Effective planning and management of downtime is therefore crucial to minimize its impact on the ship's operations and profitability.
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