Partner
A partner in maritime context refers to a company or an individual who collaborates with another company or individual in the shipping industry to share the risks and rewards of a business venture. Partnerships can be formed for various reasons such as joint ownership of a vessel, sharing of cargo space, or pooling of resources for a common goal. Partnerships can be formal or informal and can be established for a single voyage or for a longer period. In a partnership, each partner is responsible for their share of the costs and profits. Partnerships can be beneficial for companies as they can reduce costs, increase efficiency, and expand their network.
Your Previous Searches
Random Picks
- Pigments: In maritime context, pigments refer to the colored substances that are added to paints and coatings to provide color and protect the surface of ships and other marine structures from corrosion, fouling, and other forms of degradation. Pigme ... Read More >>
- Transom Frame Or Plate: A transom frame or plate is a structural component of a ship's stern that provides support for the rudder and propulsion system. It is typically a large, heavy plate or frame that is welded to the ship's hull and extends across the entire w ... Read More >>
- Snub: In maritime context, snub refers to the act of stopping a vessel by taking a turn of the mooring line around a post or bollard and applying tension to it. This is done to prevent the vessel from drifting away from the dock or pier. Snubbing ... Read More >>
Top News
Japan will watch China's military after Beijing admits violating Japanese airspa...
Japanese officials say they are closely watching to see if China keeps its promise to prevent further violations of Japan’s airspace after explaining that an incursion by a Chinese military aircraft...
News Source: ABC News on 2024-11-20
Southeast Asian defense chiefs meet in Laos as maritime disputes with China are ...
Southeast Asian defense chiefs and representatives are meeting in the Laotian capital for security talks at a time of increasing maritime disputes with China in the Asia-Pacific and as the transition ...
News Source: ABC News on 2024-11-20
Biden's $100 billion disaster aid request includes money to rebuild the collapse...
President Joe Biden’s pending request to Congress for nearly $100 billion in emergency disaster aid includes money to rebuild Baltimore’s Francis Scott Key Bridge after its deadly collapse in Marc...
News Source: ABC News on 2024-11-19
The Houthis appear determined to score a hit on the American and European warshi...
The US and European Union have maintained a significant Middle East naval presence to battle the Houthis over the past year....
News Source: Business Insider on 2024-11-19
US defense chief says alliance with Philippines will transcend administrations...
U.S. Defense Secretary Lloyd Austin has condemned China's dangerous actions against the Philippines and renewed a warning that the United States would defend its treaty ally if Filipino forces come un...
News Source: ABC News on 2024-11-19