AskDefine | Define shipowner

Dictionary Definition

shipowner n : someone who owns a ship or a share in a ship

User Contributed Dictionary

English

Noun

  1. Someone who owns a ship.

Extensive Definition

A ship-owner is the owner of a commercial ship.
In the commercial sense of the term, a ship-owner is someone who equips and exploits a ship, usually for delivering cargo at a certain freight rate, either as a per freight rate (given price for the transport of a certain cargo between two given ports) or based on hire (a rate per day). Ship-owners typically hire a licenced crew and captain rather than take charge of the vessel in person. Usually the ship-owner is organized through a company, but also people and investment funds can be ship owners. If owned by a shipping company, the ship-owner usually performs technical management of the vessel through the company, though this can also be outsourced or relayed onto the shipper through bare boat charter.

References

  • Tanker operations: a handbook for the person-in-charge (PIC)
  • Merchant Marine Officers' Handbook
shipowner in German: Reederei
shipowner in French: Armateur
shipowner in Dutch: Rederij
shipowner in Norwegian: Skipsreder
Privacy Policy, About Us, Terms and Conditions, Contact Us
Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2
Material from Wikipedia, Wiktionary, Dict
Valid HTML 4.01 Strict, Valid CSS Level 2.1