Efficiency
Efficiency in maritime context refers to the ability of a vessel to perform its intended functions with minimum waste of time, energy, and resources. It is a measure of how well a ship is designed, operated, and maintained to achieve its objectives. Efficiency can be evaluated in terms of fuel consumption, cargo handling, speed, safety, and environmental impact. A more efficient vessel can reduce operating costs, increase profitability, and enhance competitiveness. Therefore, improving efficiency is a key goal for shipowners, operators, and regulators in the maritime industry.
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