Maritime industry in the context of "Bulk cargo"

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⭐ Core Definition: Maritime industry

Maritime transport (or ocean transport) or more generally waterborne transport, is the transport of people (passengers) or goods (cargo) via waterways. Freight transport by watercraft has been widely used throughout recorded history, as it provides a higher-capacity mode of transportation for passengers and cargo than land transport, the latter typically being more costly per unit payload due to it being affected by terrain conditions and road/rail infrastructures. The advent of aviation during the 20th century has diminished the importance of sea travel for passengers, though it is still popular for short trips and pleasure cruises. Transport by watercraft is much cheaper than transport by aircraft or land vehicles (both road and rail), but is significantly slower for longer journeys and heavily dependent on adequate port facilities. Maritime transport accounts for roughly 80% of international trade, according to UNCTAD in 2020.

Maritime transport can be realized over any distance as long as there are connecting bodies of water that are navigable to boats, ships or barges such as oceans, lakes, rivers and canals. Shipping may be for commerce, recreation, or military purposes, and is an important aspect of logistics in human societies since early shipbuilding and river engineering were developed, leading to canal ages in various civilizations. While extensive inland shipping is less critical today, the major waterways of the world including many canals are still very important and are integral parts of worldwide economies. Particularly, especially any material can be moved by water; however, water transport becomes impractical when material delivery is time-critical such as various types of perishable produce. Still, water transport is highly cost effective with regular schedulable cargoes, such as trans-oceanic shipping of consumer products – and especially for heavy loads or bulk cargos, such as coal, coke, ores or grains. Arguably, the Industrial Revolution had its first impacts where cheap water transport by canal, navigations, or shipping by all types of watercraft on natural waterways supported cost-effective bulk transport.

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Maritime industry in the context of Cartagena, Colombia

Cartagena (/ˌkɑːrtəˈhɛnə/ KAR-tə-HEN), known since the colonial era as Cartagena de Indias (Spanish: [kaɾtaˈxena ðe ˈindjas] ), is a city and one of the major ports on the northern coast of Colombia in the Caribbean Coast Region, along the Caribbean Sea. Cartagena's past role as a link in the route to the West Indies provides it with important historical value for world exploration and preservation of heritage from the great commercial maritime routes. As a former Spanish colony, it was a key port for the export of Bolivian silver to Spain and for the import of enslaved Africans under the asiento system. It was defensible against pirate attacks in the Caribbean. The city's strategic location between the Magdalena and Sinú rivers also gave it easy access to the interior of New Granada and made it a main port for trade between Spain and its overseas empire, establishing its importance by the early 1540s.

Modern Cartagena is the capital of the Bolívar Department, and had a population of 876,885 according to the 2018 census, making it the second-largest city in the Caribbean region, after Barranquilla, and the fifth-largest city in Colombia. The metropolitan area of Cartagena is the sixth-largest urban area in the country, after metropolitan area of Bucaramanga. Economic activities include the maritime and petrochemical industries, as well as tourism.

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Maritime industry in the context of International orange

International orange is a color used in the aerospace industry and maritime industry to set objects apart from their surroundings, similar to safety orange, but deeper and with a more reddish tone.

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Maritime industry in the context of DNV

Det Norske Veritas (DNV), formerly DNV GL, is an international accredited registrar and classification society headquartered in Høvik, Norway. DNV provides services for several industries, including maritime, oil and gas, renewable energy, electrification, and healthcare.

As of 10 January 2024, the company has about 15,000 employees and 350 offices operating in more than 100 countries and provides services for several industries. In 2013, Det Norske Veritas (Norway) and Germanischer Lloyd (Germany), two prominent organizations in the industry, merged to form DNV GL. The company later simplified its name to DNV in 2021, while maintaining the organizational structure that resulted from the merger.

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Maritime industry in the context of Laksevåg

Laksevåg is a borough of the city of Bergen in Vestland county, Norway. The borough is located in the western part of the municipality. Historically, the area was called Laxevaag, and it was a separate municipality until 1972 when it was merged into Bergen.

The borough of Laksevåg has residential areas on the hillside of the mountain Damsgårdsfjellet facing the Puddefjorden. By the fjord itself are several industrial buildings, many of them connected with the maritime industry. The rococo-style Damsgård Manor is located in the borough.

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Maritime industry in the context of Bailout

A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy. A bailout differs from the term bail-in (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process but taxpayers are not. Some governments also have the power to participate in the insolvency process; for instance, the U.S. government intervened in the General Motors bailout of 2009–2013. A bailout can, but does not necessarily, avoid an insolvency process. The term bailout is maritime in origin and describes the act of removing water from a sinking vessel using a bucket.

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Maritime industry in the context of Wetted area

In fluid dynamics, the wetted area is the surface area that interacts with the working fluid or gas.

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